$500 (US) in the year 1892 was equal to how much money in 2008?

Question

$500 (US) in the year 1892 was equal to how much money in 2008?

Answer 1

Using the Consumer Price Index, the value of $500 in 1892 is comparable to a 2007 value of $11,754.08.

This nifty site will tell you anything you need to know:

http://www.measuringworth.com/uscompare/

Answer 2

There's a historical currency converter here that you can use:

http://futureboy.homeip.net/fsp/dollar.f...

Answer 3

Off the top of my head I would say $20,000-$25,000.