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The value of money today is significantly lower than it was 100 years ago due to inflation. For example, $1 in 1923 would be equivalent to roughly $15-20 today, depending on the specific inflation rate considered. This means that purchasing power has diminished, and the cost of goods and services has increased over the century. Therefore, today's money reflects a much different economic landscape than that of a century ago.

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2mo ago

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