As I was reading my great-great-grandfather's will, written in 1864, I wondered how much in today's money was he willing to people.
Soon, I was wondering how much he actually had. I turned to an inflation calculator to determine what his gifts were worth, what he was leaving to his children and grandchildren. One of his children was my great-grandfather and received the will to his land and the buildings.
He gave $100 to each of his twelve grandchildren and $800 to each of six living children,. To the grandchildren of his three dead daughters, he gave them their mother's share to divide. In today's money, accounting for inflation,, he gave the grandchildren $1,447. 64 each and to his children he gave $11,581.10 to each of his living children. After all his possessions were sold, anything left over was to be divided amongst his daughters or the children of dead daughters. In all, not counting his land and buildings, he left in cash $83,257.68 to his heirs. I think I remember that he owned 800 acres of land in North Carolina.
My husband, a college student in 1966, made $55 which is $358 in today's money. We lived on that and paid for tuition for both of us and rent and all the other expenses of life. He actually made more than any other student on campus. Oh, his was a part time job.
Back to my g-g-grandfather. He left his wife practically destitute--a bed and some blankets and she could live in the house for four years if she lived that long. ??? I can say times have changed for the better! Oh, and three hogs, some bushels of wheat and corn.
I hope you can have fun, learn something, and most of all waste as much time as I did with the inflation calculator.