General Discussion

Silent3

(15,909 posts)

41. Even adjusted for inflation...

Fri Aug 27, 2021, 11:41 PM

Aug 2021

...his $2000 would have been worth about $60,000 today.

It's not really possible to be accurate about inflation across that span of time, but no matter how rough the conversion, it's an amazing value increase.

A nice bet he made too, on the stability of the country and the banking system over than span of time. Even the Civil War and the Great Depression didn't stop his investment from bearing fruit.

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Ben Franklin, FTW! [View all] MoonRiver Aug 2021 OP

WOW, history . .. Lovie777 Aug 2021 #1

If cities ran surpluses and invested them, they eventually wouldn't need taxes. Klaralven Aug 2021 #2

I remember when states used to have State Banks ... aggiesal Aug 2021 #4

Hoosier Daddy! COL Mustard Aug 2021 #32

Well I was a aggiesal Aug 2021 #37

I am married to a Hoosier. TNNurse Aug 2021 #52

Must have had a good lawyer bucolic_frolic Aug 2021 #3

The issue is Sgent Aug 2021 #5

Oh, so that's what I miss bucolic_frolic Aug 2021 #6

Franklin died in 1790. Sogo Aug 2021 #11

They had trusts Sgent Aug 2021 #15

I wonder if they even knew about inflation in those days FakeNoose Aug 2021 #20

They Certainly Had Wills COL Mustard Aug 2021 #33

Looks like Ben got around 3.6% for 230 years bucolic_frolic Aug 2021 #7

Stock "market" was a different animal in his day. lastlib Aug 2021 #19

Just did an internet search on the above. KS Toronado Aug 2021 #8

He may have been the best of our Founding Fathers! MoonRiver Aug 2021 #14

I'd say he was the best OldBaldy1701E Aug 2021 #47

Well said! MoonRiver Aug 2021 #51

B B B Benny and the Checks.🎹🎼 Traildogbob Aug 2021 #9

LOL StarryNite Aug 2021 #12

Excellent! evolves Aug 2021 #13

DUzy! llmart Aug 2021 #21

Good to see Traildogbob Aug 2021 #26

I already figured it out packman Aug 2021 #10

Don't you worry a bit, the late late late late grandson of Alan Greenspan, Submariner Aug 2021 #18

It is rare that genius and compassion intersect so perfectly. Martin68 Aug 2021 #16

Exactly! MoonRiver Aug 2021 #17

All about the Benjamins baby IronLionZion Aug 2021 #22

Shows you how corporations and the filthy rich make money Farmer-Rick Aug 2021 #23

He has vision...... SergeStorms Aug 2021 #24

Ben not only wore glasses, he invented the bifocal dflprincess Aug 2021 #38

Yeah, me too. SergeStorms Aug 2021 #39

Isn't that the truth? dflprincess Aug 2021 #40

I had my left eye done two years ago. SergeStorms Aug 2021 #46

Same here! MoonRiver Aug 2021 #50

I know that these days you cannot set up a trust in perpetuity, meaning it never ends. PoindexterOglethorpe Aug 2021 #25

In what form did he leave it? DFW Aug 2021 #27

It was left as 1000 pounds each, to Boston and Philadelphia. SeattleVet Aug 2021 #28

That was a good article BumRushDaShow Aug 2021 #34

Great pics! The heart display is amazing! MoonRiver Aug 2021 #49

It's a great museum. BumRushDaShow Aug 2021 #53

Wow, looks fantastic! MoonRiver Aug 2021 #55

Very interesting DFW Aug 2021 #43

An online inflation calculator says that $2000 in 1790 would be worth less than $60000 today, so.... EarnestPutz Aug 2021 #29

It would have been worth various amounts in various forms. DFW Aug 2021 #44

That made me cry it's so sweet. Cha Aug 2021 #30

already lost the link, but this is worth noting... SleeplessinSoCal Aug 2021 #31

I did a research and confirmed it. Wow! LiberalFighter Aug 2021 #35

K&R Blue Owl Aug 2021 #36

Even adjusted for inflation... Silent3 Aug 2021 #41

i read his auto-biography years ago. and my 1903 encyclopedia had like 8-12 pages for him + read pansypoo53219 Aug 2021 #42

I still think its impressive how Sgent Aug 2021 #45

I didn't know that! Thanks! MoonRiver Aug 2021 #48

As a funny anecdote BumRushDaShow Aug 2021 #54