L&T Archive 1998-2003

As always....

one needs to be VERY careful about "converting" the pound of the early 19th c to modern-day values. One needs to remember that not only has inflation happened, but one pound in 1800 had very much more buying-power than does a pound of to-day. Darce may have had the equivalent of US$700000 per annum (and a nice figure that is), but interest rates were higher then than now, and cost of living was very much lower. We also need to remember that although GB was the home of industrialisation the population was still largely agricultural, and thus self-sufficient for food.

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Money makes the world go 'round
rents and fortunes
Thank you
And to get the amount in our dollars, multiply by 70. NFM
As always....
Inflation, of course, is what made the multiplier so high.
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