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To compare the value of 1,000 US dollars today to 1870, we need to account for inflation over the years. Using historical inflation data, $1,000 in 1870 would be equivalent to roughly $20,000 to $25,000 today, depending on the specific inflation index used. This significant increase reflects the changes in purchasing power and the overall increase in prices over more than 150 years.

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AnswerBot

2mo ago

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