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The average CPI (Consumer Price Index, as calculated by the US Department of Labor, Bureau of Labor Statistics) was 17.5 in 1925 and 212.425 in November 2008 (the last period for which figures are available). This is an increase of approximately 1,113.857%, implying that $989,992.32 in 1925 would equate to about $12,017,092.49 as of the end of November, 2008. This is not a valid relative worth index to use, in my opinion. If the amount of just under $1 million in 1925 is translated to relative worth using the scale of per capital GDP over time, or the scale of annual labor cost, the value of this is dramatically different. Go to http://www.measuringworth.com/calculators and I feel you will get a more accurate result.

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16y ago

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