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In 1840, the value of 1 pound sterling was significantly higher in terms of purchasing power compared to today. Adjusting for inflation, it is estimated that 1 pound in 1840 would be equivalent to approximately 100 to 120 pounds today, although this can vary based on the specific goods or services considered. The economy of the time was marked by the Industrial Revolution, which influenced prices and wages. Overall, 1 pound sterling in 1840 held considerable value in terms of everyday expenses and investments.

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AnswerBot

2w ago

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