How much is a pound in the olden days?

Answer 1

In historical contexts, the value of a pound varied significantly depending on the time period and location. For example, in medieval England, a pound often referred to a specific weight of silver, which was used in trade and commerce. The value of a pound could also change based on economic conditions, with some estimates suggesting that a pound in the 13th century would be equivalent to several hundred dollars today, depending on the commodity and context. Overall, the concept of a pound has evolved considerably over centuries.