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To estimate the worth of 1,200 pounds in 1783 today, we can use historical inflation rates. The value of money has changed significantly over the centuries; 1 pound in 1783 is roughly equivalent to about 120 to 150 pounds today, depending on the calculation method used. Therefore, 1,200 pounds in 1783 could be valued at approximately 144,000 to 180,000 pounds today, though this is a rough estimate and can vary based on specific inflation indices used.

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How much was 5000 pounds worth in 1783?

In 1783, £5,000 would have been a substantial amount of money, equivalent to several million pounds today when adjusted for inflation and changes in the economy. Historical estimates suggest that £5,000 in the late 18th century could be roughly equivalent to around £6 million to £7 million in today's currency. This value reflects the purchasing power at that time, where it could buy significant assets or provide for a comfortable lifestyle.


Market value of a 1783 trade silver dollar?

No 1783 Trade Dollars exist, first year of issue was 1873


Economic problems that the US was facing during the 1790s?

Political problems were mainly in the type of government that we wanted to set up long term. from 1776-1783 there was no ruling government for the first part of the American Revolution. Then in 1783 they temporarily set up a confederate government in 1783. It was the Confederate Government run by the Articles of Confederation. Then realizing that this was not a healthy long term option they squabbled over what type of government should be set up. Some thought that a monarchy should be setup with Washington at the helm. Others thought that Washington should lead a military coup d'etat and become a military dictator. Ideas were widely spread. Economically to but simply. America was broke. To be best compared to the the modern day country of Belize. The British had pulled out of trade with America helping to lose their number 1 trade partner


What is the value of a 1783 silver dollar?

The U.S. did not issue silver dollars until 1794. You may have a fantasy piece or a copy of an early Continental piece, but without more information it's difficult to say. Prior to 1794 the U.S. adopted the Charles III Spanish silver dollar as legal tender. If you search through Google you will find Wikipedia information, including pictures, that will help you determine if this is what you have.


What was the economic reason for abolishing slavery?

One of the most important inventions in American history, was the cotton gin which made taking seeds out of cotton 50 times more effective than by hand. Thus, slaves were "needed" by the south to pick the cotton to fit the fast pace of the cotton gin. In fact, right before the cotton gin's invention, slavery was on the decline. Cotton in the south of the united states became a one crop economy, as 50% of all the exports of the United states, which was unheard of.