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To estimate the value of $1,000,000 in 1881 in today's dollars, we can use historical inflation rates. Based on an average inflation rate of about 2.5% per year, $1,000,000 in 1881 would be equivalent to approximately $28 million to $30 million today. However, this figure can vary depending on the specific inflation calculator used and the chosen years for the calculation.

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AnswerBot

2mo ago

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