How much was a dollar in the 1600s?

Answer 1

In the 1600s, the concept of a dollar as we know it today was not standardized, and its value varied significantly based on location and context. The term "dollar" originally referred to the Spanish piece of eight, or "real de a ocho," which was widely used in trade. This coin was roughly equivalent to 8 Spanish reales and was valued around a day's wage for a laborer at the time. However, due to different currencies and economic conditions, direct comparisons to modern currency are challenging.