Table shows wages by class, sex, and location of worker. Source: The author (former university professor Daniel Starch) presents a methodology and estimates the average American family income as of 1930. For monetary values dating back to the 19th century it is important to note that there was no "Australian" pound at that time. Breakdowns by occupation and marital status. 174-205, Printing and publishing: newspapers, pp. Shows standard family budgets by date and family size. Wages in the countries of Estonia, Finland, Italy, Latvia, Lithuania, Netherlands and Yugoslavia are discussed in a chapter on pages 1153-1208. Includes tables which give the percentage of people earning within wage ranges. Use the index to find the page number in this source. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. Monthly Average US Dollar per 1 British Pound Monthly average. AI Pickup 's GBP/USD forecast for 2022 saw the pound trading at a slightly higher average of $1.16 by the end of this year, before strengthening to an average of $1.33 in 2025. in October 1937. Reports family income regardless of source (rental income, investment income, etc.) Shows wages and hours of workers in the cotton industry over a 23 year period. After 1933, the peso is basically linked to the pound, via capital controls as previously mentioned. Chart shows average farm acreage and average value of land with all structures as of 1935. Bulletin of the United States Bureau of Labor Statistics (BLS), No. This article discusses the abolition of the ration card system and implementation of fixed food prices with the economic implications for each. Official Exchange Rates Historical. Tables shows the average monthly wages for seamen in countries including Australia, Great Britain, Norway, the Netherlands, Greece, India, China, France, Germany, the United States and others. Summary volume is linked above. Add To Watchlist. Provides average family expenditures on and values of commodities like housing, food, education, and automobiles. Source: BLS. Similar data as above but printed in a different government source. Average dollar value per acre for farm land (along with any buildings on the land), broken out by U.S. region. Coal for household use, 1931-1932 When Negro households are considered, the median gross income is still lower, $251." Add to Watch list. This means that today's prices are 83.63 times as high as average prices since 1930, according to the Office for National Statistics composite price index. Texas: Houston Table 9 and Table 10 Details the prices of a variety of foodstuffs on pp. 92% of new automobiles sold for less than $825 in 1934. This chart shows the average rate of inflation for select CPI categories between 1930 and 2023. A sovereign was a gold coin worth one pound and a paper note of the same value was called a "quid." A guinea is 1 1s. Enter GBP 0.06 or more [ 1 bid] Place bid. Extensive article titled "General Survey of Wages in Austria" shows minimum wages by sex, occupation and industry on pp. A dollar today only buys 5.583% of what it could buy back then. View GBP Rates Table. This website uses cookies so that we can provide you with the best user experience possible. signifies four pounds, eight shillings. 100 in 1930 is equivalent in purchasing power to about 8,362.73 today, an increase of 8,262.73 over 93 years. Michigan: Detroit Table 9 and Table 10 Average wages and hours of work by occupation and gender. This article lists specific fixed daily wages in combinations of rubles and grain in kilograms. September 30, 2012: Currency Devaluations of the 1930s. Source: BLS Bulletin, no. The lowest GBP/USD exchange rate in 2023 was 1.1912 US Dollars per British Pound on 5 January 2023. Again, we are assuming that the dollars value was $20.67/oz. Postal Service. Wages are in 1937 US dollars. equal opportunity/access/affirmative action/pro-disabled and veteran employer. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The focus is on wholesale and commodity price fluctuations and the reasons behind the changes, and tracks profit margins for sellers. View USD Rates Table. Wisconsin: Milwaukee Table 9 and Table 10. Source: Extensive wage data by occupation and industry for. Yesterday's rate 1.1943. Source: Shows monthly wages of boys enrolled in CCC camps. "75 Years of American Finance: A Graphic Presentation 1861-1935" (with 1936-1938 supplement) It breaks down cost by food product, such as milk, eggs, and fruits, as well as by city, including New York and St. Louis. Income from the west-central/Rocky Mountain region. The Five Indices Used Consumer Price Index (CPI) Source: U.S. Firemen - Salaries, late 1930s (link to library item), Gasoline filling stations and motor-vehicle repair garages - 1931, Government workers, federal - Pay scales, 1930-1949, Household worker wages - Philadelphia, 1928, Iron and steel industry wages and hours, 1907-1931, Lumber industry job wages and hours, 1921-1932, Newspaper industry - Editorial staff salaries, 1930-1934, Physicians, non-salaried - Average income, 1929-1949, Police salaries, late 1930s (link to library item), Politicians - State governor salaries, 1935, Deep-sea ship transportation occupations, wage structure - 1935, Slaughtering and meat-packing industry - Wages and hours, 1931, Median household income by race in southeast Missouri, 1935, Prices for name brand, packaged grocery items, 1930-1931, College expenses by field of study, 1930-1934, Clothing and household goods prices, 1937-1938, Movie admission prices in Central America and the Caribbean, 1931, https://libraryguides.missouri.edu/pricesandwages, Starting wages for common laborers, 1931-1934, Starting wages for common laborers employed by cities, 1935, Common labor - Average starting wage by race, 1936, Median weekly earnings for Negro males by occupation, 1930, Median weekly wage for Negro men by occupation, 1936, Common labor - Average starting pay by race and state, 1936, Wages of Negroes in the District of Columbia, 1931, Teacher salaries by state and race, 1939-1940, School salaries by state and race, 1935-1936, Teacher wages by race in AL, MD and NC - 1930s, Black women - Earnings by occupation, 1938, Urban Negro workers' earnings by sex and skill level, 1930, Urban Negro workers' earnings by sex and skill level, 1936, Household workers' wages by race - Chicago, 1930, Wage and salary income by race and sex, 1939, Automobile and vehicle industry workers, including garagemen, Captains, masters, mates, pilots, and engineers, Maintenance-of-way employees: Gang foremen, Maintenance-of-way employees: Assistant gang foremen, Maintenance-of-way employees: Iron workers, Maintenance-of-way employees: Masons, bricklayers, and plasterers, Maintenance-of-way employees: Section laborers, Maintenance-of-way employees: Crossing and bridge flagmen and gatemen, 3,500 occupations - Wages and job descriptions, Service occupations - Average earnings by type of business in 1934, Farm workers' wages and income - 1909 to 1938, Union wages for construction workers,1936-1961, Construction - Wages and hours, mid 1930s, Government jobs - Salaries by occupation - 1938, Government -Congressional salaries, 1789-present, Hotel employee minimum wages, Nov 1933-1935, Medical personnel - Income of physicians, dentists and [other health workers], 1939-1976, Stationary engineers, firemen, oilers, etc, School employees - Median salaries, 1930-1943, Automobile accessory and parts store owner's salary, Street-railway employees - Union wages, 1937 and 1938, Motormen and conductors, street railways, and bus drivers, Truck drivers - Union wages and hours, 1939, Bakery workers - Wages by city and state, 1931, Bakeries - Union wages, hours and working conditions, 1939, Bread-baking industry - Wages, hours and working conditions, 1934, Boot and shoe industry workers' wages, 1910 to 1930, Clothing manufacture (men's) - Wages and hours, 1911-1932, Hat manufacturing industries, earnings and hours - 1939, Hosiery and underwear manufacturing - Wages and hours, 1907-1932, Shoe and allied industries - Wages and hours, 1939, Rayon and synthetic yarn manufacturing, 1930, Rayon and synthetic yarn manufacturing, 1932, Silk and rayon goods manufacture - Wages and hours, 1931, Textiles, dyeing and finishing - Wages and hours, 1930 and 1932, Woolen and worsted goods manufacturing, 1910 to 1932, Leather Industries, earnings and hours - 1939, Leather glove industry, hours and earnings -1934, Furniture manufacture - Wages and hours, 1910-1931, Furniture manufacturing industry - Wages and hours, 1937, Ammunition industry - Average hourly earnings, 1937, Explosives manufacture, earnings and hours - 1937, Cigarette manufacturing - Wages and hours, 1930, Drugs and toiletries manufacturing - Wages and hours, 1938, Paper box manufacturing - Wages and hours, 1933-1935, Radio manufacturing, hourly earnings - 1937, Manufacturing - Average weekly earnings, 1919-1960, Manufacturing - Average hours and wages, 1929-1936, Women's wages compared to men in same occupations, Median income by sex and industry, 1939-1953, Service occupations - Average annual earnings by state in 1934, Construction wages in Alabama by county and town, 1938, Construction wages in Arkansas by county and town, 1938, Construction wages in Arizona by county and town, 1938, Construction wages in California by county and town, 1938, Construction wages in Colorado by county and town, 1938, Construction wages in Conneticut by county and town, 1938, Construction wages in District of Columbia by county and town, 1938, Motion-picture theater jobs wages in Washington DC, 1931, Construction wages in Delaware by county and town, 1938, Construction wages in Florida by county and town, 1938, Construction wages in Georgia by county and town, 1938, Construction wages in Iowa by county and town, 1938, Construction wages in Idaho by county and town, 1938, Construction wages in Illinois by county and town, 1938, Construction wages in Indiana by county and town, 1938, Construction wages in Kansas by county and town, 1938, Construction wages in Kentucky by county and town, 1938, Construction wages in Louisiana by county and town, 1938, Construction wages in Massachusetts by county and town, 1938, Construction wages in Maryland by county and town, 1938, Construction wages in Maine by county and town, 1938, Construction wages in Michigan by county and town, 1938, Construction wages in Minnesota by county and town, 1938, Missouri work relief projects - Wage rates by county, 1934-1935, Civilian Conservation Corps wages in MO, late 1930s, Construction wages in Missouri by county and town, 1938, Construction wages in Mississippi by county and town, 1938, Construction wages in Montana by county and town, 1938, North Carolina - Average earnings in the principal industries, 1938-1940, Construction Wages in North Carolina by county and town, 1938, Construction wages in Nebraska by county and town, 1938, Construction wages in New Hampshire by county and town, 1938, Construction wages in New Jersey by county and town, 1938, Construction wages in New Mexico by county and town, 1938, Construction wages in Nevada by county and town, 1938, Construction wages in New York by county and town, 1938, Ohio - Average annual wages and salaries by occupation, 1916-1932, Construction wages in Ohio by county and town, 1938, Monthly earnings of full time women workers in Cleveland, Construction wages in Oklahoma by county and town, 1938, Construction wages in Oregon by county and town, 1938, Construction wages in Pennsylvania by county and town, 1938, Household workers' wages by sex - Philadelphia, 1928, Construction wages in Rhode Island by county and town, 1928, Construction wages in South Carolina by county and town, 1938, Construction wages in Tennessee by county and town, 1938, Wages by gender and race - Tennessee, 1935, Construction wages in Texas by county and town, 1938, Construction wages in Utah by county and town, 1938, Monthly earnings of full time women workers in Utah, Construction wages in Virginia by county and town, 1938, Agriculture - Farm labor wages in Vermont, 1780s-1937, Construction wages in Vermont by county and town, 1938, Construction wages in Washington by county and town, 1938, Construction wages in Wisconsin by county and towns, 1938, Construction wages in West Virginia, 1938, Construction wages in Wyoming by county and town, 1938, Minimum wage in Australian cities and provinces, June 1937, Cotton industry wages - Bombay, 1926 and 1933, Wages by industry - British Columbia, 1931, Farm workers' earnings by Canadian province, 1929-1939, Average wages of industrial workers - Denmark, 1938-1939, Wig and toupee makers' wages in France, 1931, Wages and retail prices in France, 1938-47, French wages and wage supplements - 1938, 1946, 1947, General survey of wages in Germany in 1931, Printing trades and lithographic work wages. 281-284of, Miscellaneous clothing production, pp. Average days, hours and earnings by occupation; sex and state; and by kind of leather, sex and state. Wages are shown in Yugoslavian dinars. Wages are shown in American dollars, citing conversion rates for all other currencies. Unlike the dollar, the British pound floated after 1931, although it didnt lose much value until just before the war. Shows price for a pack of cigarettes or packaged smoking tobacco. It cost $4.80 to ship a 5-pound package from Boston to San Francisco using air mail. A great many misconceptions today stem from that time. Wages for common labor in the Work Relief Program were originally set at thirty cents an hour, but were later changed to better align with prevailing wage rates in the counties. Includes wages for child labor in cigarette factories. Ian Webster is an engineer and data expert based in San Mateo, California. Im making some assumptions here, such as that the value of the dollar was $20.67/oz. Exchange rates can vary considerably even within a year and so current rates may differ markedly from those shown here. Amounts are expressed in American dollars with currency conversions cited for all foreign monies. View GBP / USD Currency Calculator. Shows data from several surveys that looked into the average annual expenditures for food, rent, clothing, and medical care. Pounds, shillings and pence were the basic currency of Britain throughout the period covered by the Proceedings, having a consistent relationship of 12 pence to the shilling and 20 shillings to the pound. According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1930 amounts in today's dollars, based on the 1,691.44% change in prices: Inflation can vary widely by city, even within the United States. Source: Pages 681-688 details the state of wages throughout Greece in the early stages of the Great Depression. Shows the rates of pay of weavers in silk and rayon mills in certain cities in Connecticut, Massachusetts, New Jersey, Pennsylvania, and Rhode Island. This calculator can be used to determine the historical purchasing power of currency in the United Kingdom from 1270 to 2017. November 18, 2012: The Federal Reserve in the 1920s, March 25, 2012: The U.S. Dollar During WWI and the Recession of 1920. 319, Prices paid by farmers for household items, 1910-1960, Cost to mail a letter or postcard, 1863-present, Money disbursements of wage earners and clerical workers, 1933-35, Money disbursements of wage earners and clerical workers, 1934-1936, Consumption expenditures per captia, 1901-1956, Family expenditures for selected cities, 1935-36, Family budgets in the American cities, 1903-1956, College student expenditures - Ohio, 1933, Family income and expenditure in west-central region, 1935-36, Wisconsin farm families - Income and expenditures, 1929-1930, Cost of clothing for moderate-income families, 1935-44, The farmer's share of the consumer's food dollar, 1937, Food diets at four levels of nutritive content and cost, 1934, Family spending patterns of the rich and poor, 1935-1936, Standard of living for minimum wage households, Detroit MI, 1929, Standards of living in four southern Appalachian Mountain counties, 1938, Standards of living in seven rural resettlement communities, 1938, Gasoline prices in foreign countries - 1936, World retail prices on gasoline, kerosene, and motor lubricating oils, Estimated cost to maintain standard of living in European countries, 1930, Cost of "Food basket" in 19 countries, 1932, Typical income and cost of living in Chile, 1928-39, Prices of hosiery in Latin America, 1928-1930, Paris, France prices listed in tourist guidebook published 1932, Prices of food and consumer goods in the Soviet Union, 1936-1940, Cost of living and fixed food prices in the Soviet Union, 1934-1935, Calculator: Present-day purchasing power of a historic dollar amount, Consumer Price Index Inflation Calculator. Wages are shown in contemporary Danish krone. -- appear on pages 17-24. Source: BLS. In Canada, CA$1.00 in 1930 would be equivalent to CA$16.57 in 2023, an absolute change of CA$15.57 and a cumulative change of 1,557.13%. The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver. Wages are shown in both US and Polish currency. Because this was the time of transition from the British pound to U.S. dollar for international currency leadership, it is worthwhile to look at peso/pound rates as well. BLS Bulletin no. Source: BLS Monthly Labor Review, February 1935, Shows average hourly wages for 7 different occupation throughout Hungary. Shows prices and annual expenditures for purchases in categories. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Wages are shown in both contemporary Dutch guilders and US dollars. Shows wages for domestic workers employed in private homes, with breakouts by race for cooks, kitchen helpers, housekeepers, chamber maids, parlor maids, governesses, child's nurses, laundresses, and those who did "heavy cleaning." 19.25. The most favorable exchange rate for the current 7 days, was $2,339.31. Convert 1930 British Pound Sterling to US Dollar using latest Foreign Currency Exchange Rates. Heres the value of the British pound in terms of gold. To help put this inflation into perspective, if we had invested $1 in the S&P 500 index in 1930, our investment would be nominally worth approximately $5,746.56 in 2023. Negro workers, weekly earnings in 1930 and 1936, Urban Negro workers' earnings by sex and skill level, 1930 and 1936, Wages, hours and earnings by occupation and sex. Pages 25-38 of this 1962 bulletin from the US Department of Agriculture details the price of clothing by gender paid by farmers in contemporary US dollars. Shows estimated average tuition and other required fees for higher education in 1939 and 1947. New Hampshire: Manchester Table 9 and Table 10 Tables include fixed prices for bread, flour, meat and other foodstuffs. In addition to the links below, we recommend the book America's Capacity to Consume, published in 1934 by the Brookings Institution. Also shows average pay for PWA jobs. Set Alert. Illinois: Springfield Table 9 and Table 10 The data are taken at varying times of the year or maybe the average for the whole year. This two-page table shows the rates by county, expressed in cents per hour. Shows average wages, number of hours worked, and average earnings by occupation, broken out by gender and sometimes by location. 5. Stay up to date with our offerings. Short article describes the general trend of wages in Great Britain at the start of World War II. Source: U.S. BLS. December 23, 2012: The Federal Reserve in the 1920s 4: The Historical Record This effect explains how inflation erodes the value of a pound over time. 10 100 1000 1930.00 USD = 1562.49 GBP Follow news in the Economic Calendar Currency converter - Light Version You can find out more about which cookies we are using or switch them off in settings. List arranged by state. 5 John Pound Rd # 17, Tillsonburg, ON N4G5X is a condo unit listed for-sale at $850,000. Gold Prices by the Decade. When $1 is equivalent to $17.91 over time, that means that the "real value" of a single U.S. dollar decreases over time. Shows wages in both German and American currencies. I find it is often best to start by just looking at what is available, and coming to some basic and obvious conclusions, rather than trying to shoehorn the historical evidence into some preconceived agenda, which is what most other works consist of. Article includes many data tables and extends from page 456-470. Average wages, hours and earnings by occupation and sex and by sex and district. Shown in both Indian and US currency. Like Germany, Austria had hyperinflation after WWI. The inflation rate in 1930 was -2.34%. Variations by sex and skill, and type of plant. The Austrian krone was actually repegged to gold in September 1922, at the devalued rate. Argentina: Here is the exchange rate between the Argentine Peso and the US dollar, from 1916-1941, as represented in U.S. cents per peso. ft. condo is a 4 bed, 3.0 bath unit. Feb 1.207299 - 28 days. Dollar Yen Exchange Rate - Historical Chart, Dollar Yuan Exchange Rate - Historical Chart, Euro Dollar Exchange Rate - Historical Chart, AUD US Dollar Exchange Rate - Historical Chart, Euro Swiss Franc Exchange Rate - Historical Chart, Euro Pound Exchange Rate - Historical Chart, Euro Yen Exchange Rate - Historical Chart, Pound Yen Exchange Rate - Historical Chart, NZD - US Dollar Exchange Rate - Historical Chart, US Dollar Franc Exchange Rate - Historical Chart, US Dollar Peso Exchange Rate - Historical Chart, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, Pound Dollar Exchange Rate (GBP USD) - Historical Chart. Details the wages earned in the explosives industry (dynamite, TNT, etc.) Belgium also experienced devaluation during WWI and a few years afterward (probably following the French franc). 05 2.5 2 3.92 23. Wages are shown in both Belgian and US currency. After that 1933 devaluation, the peso is quite stable vs gold for the remainder of the period, although there is some variation. The exchange rates of advanced economies, such as those of Japan or Hong Kong, against the dollar tend to fluctuate up and down, representing much shorter-term relative economic strengths, rather than move consistently in a particular direction. Average retail price of coal by city for April and May of 1931 and 1932. "Five and six" means five shillings and sixpence and would be written 5/6. 05 19. South Carolina: Charleston Table 9 and Table 10 But the effects of inflation are a lot more destructive than those of a recession, argues Eammon Butler. December 16, 2012: The Federal Reserve in the 1920s 3: Balance Sheet and Base Money Shows average salary for instructional staff in schools by race in the states of AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, MO, NC, OK, SC, TN, YX, VA, WV. Compares earned income for white and non-white races, with breakouts by sex. (Here we are again assuming that the dollars value was linked to gold at $20.67/oz. It was divided into 100 piastres or 1000 milliemes. Mar 1.203264 - 2 days. Wages are shown in both contemporary Belgian Francs and US dollars. View more property details, sales history and Zestimate data on Zillow. Good Deal ($94.01) Best Price ($89.53) Amazon Price History Date Range 1m 3m 6m 1y All Price Type Amazon 3rd Party New 3rd Party Used Chart Options Close-up View Remove Extreme Values View at Amazon Amazon Price History Details sakura loses naruto fanfiction Silver Futures Overview Technical Chart Silver Futures 23.832 -0.103 ( -0.43 %) Max . Source: BLS Monthly Labor Review (September 1932). Wages are shown in. Skip to Main Content . Here is Britain. Source: Shows the average daily wages of heavy steel and iron trades in India. March 30, 2014. 7-22. One-page table shows the average amount billed for residential electricity service on October 1 or January 1 of each year for cities over 50,000 population. Average earnings and hours worked for workers in woolen and worsted goods manufacturing in 15 states. COLLEGE EDUCATION Families could have more than one member in the labor force. A pound today only buys 1.196% of what it could buy back then. U.S. average on page 1. This link leads to the first page of the index to the 1936 Sears Catalog. 628. The peso here provides an interesting view because it is apparently a freely floating rate, while it seems that a lot of forex rates were heaving managed using capital controls during that wartime period. This chart shows a calculation of buying power equivalence for $1 in 1930 (price index tracking began in 1635).