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In 1966, the value of the American dollar was significantly higher in purchasing power compared to today. For example, what $1 could buy in 1966 would require around $8 to $9 today due to inflation. The Consumer Price Index (CPI) indicates that prices for goods and services have increased substantially since then, reflecting the dollar's depreciation over the decades. Overall, the dollar's value in 1966 illustrates the long-term effects of inflation on currency.

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4d ago

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