Technical notes to published work

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

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.