Posted by dianamuir on November 13, 2012
Technical notes to published work

MeasuringWorth is the most valuable resource on the internet.   But nothing can make assigning contemporary values to historic transactions simple.

In a recent article, I wanted to assign a modern value to a £40,000.00 eighteenth century dowry and a £1,700,000.00 loan floated by a private banker to stop a crises in the London financial markets on behalf of the Bank of England during the Jacobite Revolt of 1745.

For the dowry, I chose to use the economic status value.

For the loan, I used the calculation for economic power and economic cost, which give the same result.

Perfect?  Of course not.  But a powerful way to give sums of money from long ago meaning for modern readers.

Comments are closed.