But once the Federal Reserve eased policies meant to curb inflation, including price controls and increased interest rates, the economy bounced back in May. - Sliced bacon (1 pound): $1.99 ($3.40 in todays dollars) - Round steak (1 pound): $2.89 ($6.62 in todays dollars) The cuts were finally approved by Congress in 1964, three months after the president was assassinated. - White bread (1 pound): $0.36 ($1.55 in todays dollars) - White bread (1 pound): $0.16 ($1.56 in todays dollars) - Potatoes (1 pound): $0.25 ($0.72 in todays dollars) - White bread (1 pound): $0.87 ($1.41 in todays dollars) A guinea is And in those homes, they put televisions4.4 million Americans had a TV in their home by 1950. Economists were predicting a year of growth and no recession as the value of the dollar rose. Coming off a stock market crash the previous year, the nation was plagued by economic peril. The year started off with strong consumer spending, with car sales historically high. A dozen eggs New Which? - Fresh grocery milk (1 gallon): $2.70 ($4.31 in todays dollars). - Sliced bacon (1 pound): $2.22 ($4.24 in todays dollars) If your organization is interested in becoming a Stacker Popular Culture offers a glimpse into the lives of people and the big and little things that made up the everyday. While the average median income of families rose 6%, an 11% rise in prices meant they had less purchasing power than in years past. - Potatoes (1 pound): $0.21 ($0.57 in todays dollars) (Notes prepared by my father for the information of relatives in Australia. You may also like: 15 charities where you can see your direct impact, - Fresh eggs (1 dozen): $0.84 ($2.65 in todays dollars) - Potatoes (10 pounds): $0.68 ($4.37 in todays dollars) - Round steak (1 pound): $5.83 ($5.94 in todays dollars) Expenditures on other areas, such as food, entertainment and education, also rose slightly. The amount of money consumers spent on both durable and nondurable goods reached its highest levels since 2007. 5 In 1940, sugar cost an average of $0.052 per Gross domestic product (GDP) fell 1.7%. The average family income was $3,700 in 1951$400 higher than the previous year. - Potatoes (10 pounds): $0.25 ($4.68 in todays dollars) The recession which had begun in 1990 continued through March of 1991. The Federal Reserve began slowly raising interest rates following the end of the previous recession in 1958, leading to another short-lived recession in April. - Round steak (1 pound): $2.90 ($7.58 in todays dollars) - Fresh eggs (1 dozen): $0.78 ($1.79 in todays dollars) With the war efforts in full-swing, President Roosevelt created the Office of War Mobilization to coordinate the countrys war agencies, including manpower and mobilization. Unemployment was also at the lowest it had been in 17 years. - White bread (1 pound): $0.21 ($1.74 in todays dollars) - Sliced bacon (1 pound): $0.53 ($7.07 in todays dollars) - Round steak (1 pound): $4.88 ($5.45 in todays dollars) With product prices rising only slightly, these record-high incomes were significant, giving American consumers more purchasing power than ever before. When the U.S. foreclosure rate jumped 79%, the housing market crashed, causing home prices to decrease dramatically. - Fresh delivered milk (1/2 gallon): $0.46 ($4.45 in todays dollars). republish under a Creative Commons License, and we encourage you to The countrys adjustment from a wartime to peacetime economy led to a brief recession that began in 1948 and continued through October 1949, when unemployment reached a yearly high of 7.9%. 1 In 1940, minimum wage was $0.30 per hour. - White bread (1 pound): $0.14 ($1.53 in todays dollars) And families were continuing to see more money coming in, with the average median family income at $6,900. WebBRITISH PRICES AND WAGE RATES: 1939-1941 SUMMARY I. Federal aid finally came through with the formation of the Reconstruction Finance Corporation, which offered financial assistance to railroads, banks, and business corporations, later expanding to include agriculture, and state and local public works. - Sliced bacon (1 pound): $0.41 ($7.41 in todays dollars) - Potatoes (1 pound): $0.62 ($0.75 in todays dollars) When World War II ended in September 1945, the United States emerged economically stronger than any other country in the world. - Fresh delivered milk (1/2 gallon): $0.39 ($4.55 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.31 ($4.48 in todays dollars). - Round steak (1 pound): $4.13 ($5.69 in todays dollars) - Round steak (1 pound): $3.21 ($5.48 in todays dollars) The country fell into another recession, as GDP decreased by 3.7% and unemployment rose to 7.4%. - Fresh eggs (1 dozen): $0.93 ($1.37 in todays dollars) You may also like: Best value big colleges in America, - Fresh eggs (1 dozen): $0.77 ($3.73 in todays dollars) The country entered a recession in December. You may also like: Global trade by the numbers, - Fresh eggs (1 dozen): $0.38 ($7.22 in todays dollars) - White bread (1 pound): $0.14 ($1.51 in todays dollars) - Potatoes (10 pounds): $1.40 ($5.59 in todays dollars) The economy grew at a rate of over 5%. The price of oil per barrel doubled, then quadrupled, causing severe gas shortages as well as an increase in food prices. A brand new Ford Cortina car cost 675. - Fresh eggs (1 dozen): $0.49 ($3.82 in todays dollars) - Fresh eggs (1 dozen): $0.57 ($5.28 in todays dollars) - Sliced bacon (1 pound): $0.81 ($6.06 in todays dollars) I went to the spare room and checked my copy of Radio Times for September 1946 (every home should have one!) - Sliced bacon (1 pound): $0.74 ($6.85 in todays dollars) - White bread (1 pound): $0.86 ($1.37 in todays dollars) - Sliced bacon (1 pound): $2.05 ($5.53 in todays dollars) - White bread (1 pound): $0.54 ($1.41 in todays dollars) - Sliced bacon (1 pound): $0.43 ($6.47 in todays dollars) Despite gains in spending and output, the job market remained weak, with sluggish job creation and hiring. WebPrices, price indexes and cost of living in Australia Victorian year-book - from 1873 they are available online Conversions 1 lb = 0.45 kg 1 quart = 946mL 12 pence (d) = 1 shilling (s) 20 shillings = 1 pound () 1 pound () = $A2.00 Conversion of s.d. Quiz: Can you guess which company owns these brands? - White bread (1 pound): $0.19 ($1.76 in todays dollars) You may also like: 50 remote jobs that can pay well, - Fresh eggs (1 dozen): $1.53 - Sliced bacon (1 pound): $5.78 ($6.35 in todays dollars) At the presidents request, Congress approved $3.75 billion in federal spending to jump-start the economy in April. - Sliced bacon (1 pound): $5.77 ($6.13 in todays dollars) - Round steak (1 pound): $5.79 ($6.15 in todays dollars) In - Fresh eggs (1 dozen): $0.87 ($2.35 in todays dollars) - Fresh eggs (1 dozen): $0.82 ($3.52 in todays dollars) Keep reading to discover how much basic goods cost in the year you were born and how world events have affected consumer spending habits. The price of things: In 1963 a gallon of petrol cost 5 shillings. - Fresh eggs (1 dozen): $0.59 ($5.71 in todays dollars) - Round steak (1 pound): $4.28 ($5.11 in todays dollars) - White bread (1 pound): $0.09 ($1.44 in todays dollars) Starting the year in a mild recession, the country experienced an increase in unemployment. However, this year was also marked by the burst of the dot-com bubble, when Nasdaq lost more than 75% of its value and a slew of internet companies went bankrupt. - Potatoes (10 pounds): $0.21 ($3.88 in todays dollars) - Fresh eggs (1 dozen): $0.78 ($4.57 in todays dollars) The plan not only encouraged European countries to work together, but it bolstered the American economy, with goods being purchased from the United States and shipped on American merchant vehicles. Mainly for this reason, estimates of total dead in World War II vary anywhere from 35,000,000 to 60,000,000a statistical difference of no small import. - White bread (1 pound): $0.88 ($1.46 in todays dollars) However, unemployment decreased to 7.4%. - Round steak (1 pound): $6.15 ($6.75 in todays dollars) - Potatoes (10 pounds): $0.23 ($4.60 in todays dollars) - Potatoes (10 pounds): $0.46 ($4.97 in todays dollars) - Sliced bacon (1 pound): $4.11 ($4.91 in todays dollars) The economy had recovered from the recession and Americans entered into a new era of economic growth. - Sliced bacon (1 pound): $0.81 ($6.69 in todays dollars) Under FDRs New Deal, Congress also put together several other programs intended to bolster the economy and create jobs, such as the Tennessee Valley Authority and the Civil Works Administration. American prosperity continued, with unemployment at 3%. - Round steak (1 pound): $0.36 ($6.74 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.44 ($4.75 in todays dollars). To help finance the war effort, Americans purchased war bonds, sold at 75% of their face value in denominations of $25 up to $10,000. - Round steak (1 pound): $1.14 ($8.53 in todays dollars) In 1965, the nations automobile industry reached its peak, with companies like Chevrolet, Ford, and Pontiac producing more than 11 million new cars, trucks, and buses. Research conducted by financial firm Provident compares prices for food items, such as fish and chips, teabags and Mars Bars, over 25 years for its memory-lane quiz Back In The Day. - Fresh eggs (1 dozen): $0.92 ($1.57 in todays dollars) The agency had a special focus on advancing the economic status of African Americans, providing them job training opportunities and advocating for their inclusion in social safety net programs. - White bread (1 pound): $0.36 ($1.44 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.43 ($2.44 in todays dollars). - Sliced bacon (1 pound): $0.64 ($6.91 in todays dollars) - White bread (1 pound): $0.67 ($1.41 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.30 ($4.79 in todays dollars). - Round steak (1 pound): $4.24 ($5.13 in todays dollars) - Fresh eggs (1 dozen): $0.99 ($1.89 in todays dollars) - Potatoes (10 pounds): $0.47 ($6.27 in todays dollars) - Sliced bacon (1 pound): $5.47 ($5.67 in todays dollars) After several years of slow growth, the economy grew 2.9% in 2015. Compares the years 1914-23 with 1939-44. - Round steak (1 pound): $1.89 ($9.14 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.42 ($2.83 in todays dollars). Coming into a new year with a modest recession, newly inaugurated President John F. Kennedy gave the economy a boost with stimulus spending that included tax cuts and the expansion of unemployment and Social Security benefits. - Sliced bacon (1 pound): $0.95 ($6.37 in todays dollars) - Round steak (1 pound): $2.86 ($8.19 in todays dollars) - White bread (1 pound): $1.40 ($1.54 in todays dollars) - Potatoes (1 pound): $0.63 ($0.76 in todays dollars) - White bread (1 pound): $0.25 ($1.56 in todays dollars) The war meant that unemployment had virtually disappeared in the United States, as women, minorities, and teenagers joined the labor force in droves, bringing the unemployment rate to 1.2%. - Round steak (1 pound): $3.24 ($4.90 in todays dollars) It was notably the first year that the real median household income had exceeded its 1989 pre-recessionary peak. - Potatoes (1 pound): $0.33 ($0.63 in todays dollars) Employment continued to grow, with 2 million adults1.4 million of which were womenjoining the workforce. Frustrated with the governments handling of the economy, Americans voted for Ronald Reagen in the November elections. You may also like: The top 50 party schools in America, - Fresh eggs (1 dozen): $0.61 ($5.92 in todays dollars) - Sliced bacon (1 pound): $1.94 ($4.69 in todays dollars) With the implementation of the Canada-U.S. Free Trade Agreement, trade increased between the two countries at a rapid clip. - White bread (1 pound): $1.44 ($1.58 in todays dollars) War and Postwar Wages, Prices, and Hours, 1914-23 and 1939-44 : Bulletin of the United States Bureau of Labor Statistics, No. - Potatoes (1 pound): $0.39 ($0.57 in todays dollars) Defense jobs often paid workers more than they had ever earned before, allowing them the ability to save up or pay off debts. The recession lasted eight months, with unemployment reaching 7%. The legal basis for price control, 543. By 2005, the average American home possessed 19.3 bank cards that they used for banking, borrowing and shopping. - Round steak (1 pound): $3.12 ($6.55 in todays dollars) - Sliced bacon (1 pound): $2.14 ($4.90 in todays dollars) Among the biggest areas of spending increase were alcoholic beverages, tobacco products, and smoking supplies, which could be in part due to the number of electronic products that were introduced in the marketplace. Retail sales also weakened, as consumers were confronted with rising payments on record debt accumulated over the past several years. With 13 million people unemployed and banks in crisis, Franklin Delano Roosevelt had his work cut out for him when he was inaugurated in March 1933. - Sliced bacon (1 pound): $1.71 ($7.82 in todays dollars) - Fresh eggs (1 dozen): $0.60 ($5.40 in todays dollars) - Potatoes (1 pound): $0.38 ($0.63 in todays dollars) Nixon also proposed repealing excise taxes on cars, a move that not only resulted in making cars more affordable, but resulted in more jobs in the auto industry. Publications that use this data. By 1940, Americas economy was on the up-and-up, with unemployment continuing to decrease to 14.6%. However, consumer confidence remained strong, with Americans spending 2.4% more than they did in 2015, doling out a significant amount of more money on health care, and personal insurance and pensions. The nations median household income also climbed to $30,056. - Sliced bacon (1 pound): $0.43 ($6.70 in todays dollars) The median household income was $68,703, a notable increase of 6.8% from the previous year. - Fresh eggs (1 dozen): $2.02 ($2.22 in todays dollars) - Fresh eggs (1 dozen): $1.68 ($1.82 in todays dollars) Stacker took a look at historic average pricing data from the Bureau of Labor Statistics (BLS) Consumer Price Index to find what a sample basket of food cost from 1930 to 2020, including prices for fresh eggs, white bread, sliced bacon, round steak, potatoes, and milk. - Potatoes (10 pounds): $0.17 ($3.23 in todays dollars) - Potatoes (10 pounds): $0.28 ($5.06 in todays dollars) An online calculator shows you how much prices have changed over the years in your part of the UK. - Fresh eggs (1 dozen): $0.29 ($5.81 in todays dollars) - Potatoes (10 pounds): $0.32 ($5.99 in todays dollars) Can you guess the company these real 'Jeopardy!' Americans were on the move and car sales were there to prove it. Another basic good, gasoline was selling for .15 per gallon. WebCost of Living 1941 Average Cost of new house $4,075.00 Average wages per year $1,750.00 Average Monthly Rent $32.00 per month Cost of a gallon of Gas 12 cents - White bread (1 pound): $0.75 ($1.39 in todays dollars) - Sliced bacon (1 pound): $1.56 ($6.70 in todays dollars) As unemployment continued to shrink, coming down to 16.9%, FDR was elected to a second term as president. However, the year was still marked by high unemployment, ending at about 10%. - Sliced bacon (1 pound): $0.95 ($7.63 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.22 ($4.27 in todays dollars). In 2012, consumer spending slowly expanded, with unemployment hovering at around 8%. - Round steak (1 pound): $1.76 ($7.56 in todays dollars) Do you splurge on bacon or hair dye? - Round steak (1 pound): $0.91 ($8.81 in todays dollars) - Sliced bacon (1 pound): $5.61 ($5.71 in todays dollars) - Fresh eggs (1 dozen): $1.22 ($1.63 in todays dollars) - Round steak (1 pound): $3.38 ($6.27 in todays dollars) Wars, extreme weather, political unrest, and more, have all affected the cost of goods and how Americans have spent their money. The Social Security Act was passed by President Roosevelt in August, providing financial assistance to senior citizens, the disabled, and children in low-income families, as well as retired workers 65 and older. Tracks hours and wages from 1932 to 1940. By 2016 food shopping accounted for just 10.5% of our income. The unemployment rate was 5.3%the lowest it had been since 1974and consumers were also spending more, with real final sales growing 4% throughout the year. - Potatoes (10 pounds): $1.50 ($6.44 in todays dollars) What was the cost of living in 1948? - Sliced bacon (1 pound): $0.57 ($5.45 in todays dollars) The cost of goods has risen by almost 9,000 per cent in the past hundred years thanks to inflation, new research reveals. - Fresh delivered milk (1/2 gallon): $0.53 ($4.45 in todays dollars). - II. However, unemployment crept up to 5.8%. - Fresh eggs (1 dozen): $1.00 ($2.10 in todays dollars) Consumer confidence was also at a high, with 80% of people not worried about losing their jobs and incomes rising among families in every wage bracket. Millions of Americans received a stimulus check in the summer, ranging from $300 to $600, with the federal government hoping the money would be spent to stimulate an economy undergoing a mild recession brought on by the dot-com bubble burst. The tax cuts would go on to have long-term benefits. The Federal Reserve began loosening up on monetary policies enacted to curb inflation, and by October the inflation rate had fallen to 5%. - Sliced bacon (1 pound): $0.37 ($6.83 in todays dollars) - Potatoes (10 pounds): $0.24 ($4.11 in todays dollars) - Sliced bacon (1 pound): $0.80 ($5.14 in todays dollars) - Sliced bacon (1 pound): $3.25 ($4.78 in todays dollars) - Sliced bacon (1 pound): $1.77 ($3.72 in todays dollars) Minimum wage also increased this year to $1.40 per hour. Making matters worse was an Asian flu pandemic, which not only killed 116,000 Americans, but also triggered a $4 billion loss in exports between August 1957 to April 1958. - White bread (1 pound): $1.37 ($1.66 in todays dollars) During this year, President George H.W. - Fresh delivered milk (1/2 gallon): $0.52 ($4.48 in todays dollars). - Round steak (1 pound): $0.26 ($5.21 in todays dollars) In an effort to combat rising inflation and create jobs, President Richard Nixon signed an executive order in August, authorizing temporary wage and price controls. Economic growth was sluggish, coming in at just 2.5% because of a soaring trade deficit. - Potatoes (1 pound): $0.49 ($0.71 in todays dollars) - Fresh grocery milk (1 gallon): $3.26 ($3.89 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.27 ($4.78 in todays dollars). However, Americans did save money on food, with more individuals opting to eat at home due to the high cost of dining out and a desire to eat healthier, as well as the availability of entertainment courtesy of streaming services. - White bread (1 pound): $0.51 ($1.61 in todays dollars) - White bread (1 pound): $1.41 ($1.58 in todays dollars) Some shops priced more expensive items in guineas. While the average family income went up to $13,720, the continued increase in prices9% from the year beforemeant families had less to spend. For as long as moneys been made, Americans have had to make choices on how to spend their hard-earned dollars. - White bread (1 pound): $1.33 ($1.41 in todays dollars) - Fresh grocery milk (1 gallon): $3.23 ($3.43 in todays dollars). - Fresh eggs (1 dozen): $0.79 ($1.74 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.24 ($4.49 in todays dollars). In the 1950s we spent a third of our income on food shopping, but in 1974 this had gone down to 24%. You may also like: Quiz: Can you guess which company owns these brands? - Fresh eggs (1 dozen): $0.36 ($6.51 in todays dollars) - Round steak (1 pound): $3.25 ($5.71 in todays dollars) - Sliced bacon (1 pound): $0.41 ($7.68 in todays dollars) Inflation was also still high, at 7.6%. For example, the average cost of a house in Wales in 1917 - Round steak (1 pound): $0.35 ($5.99 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.25 ($4.52 in todays dollars). Strong economic growth, stable prices for goods and services, and record-low unemployment at 4.2% made the U.S. economy look like an Energizer Bunny on steroids, according to CNN Money. The industry was a major employer, making up one out of every six American jobs. Homebuying was also spurred by the development of the Levit home, which utilized mass production techniques to build inexpensive tract homes in the suburbs. - Round steak (1 pound): $0.28 ($5.44 in todays dollars) - Round steak (1 pound): $0.39 ($6.91 in todays dollars) - Sliced bacon (1 pound): $0.96 ($5.98 in todays dollars) - Potatoes (10 pounds): $0.65 ($5.53 in todays dollars) Inflation and interest rates also fell. - Round steak (1 pound): $0.44 ($6.62 in todays dollars) By June, the economy had begun to grow again, but unemployment for the year remained high at 19%. - Sliced bacon (1 pound): $0.65 ($6.38 in todays dollars) Consumer confidence was also strong and federal discretionary spending as part of the GDP hit a 30-year low. - Sliced bacon (1 pound): $0.41 ($7.79 in todays dollars) 2 In 1940, bread cost an average of $0.08 per pound. - Fresh eggs (1 dozen): $0.48 ($7.66 in todays dollars) At the beginning of 1966, America was heading into its sixth year of economic expansion, with a 4% unemployment rate and capacity utilization at close to 90%. In an attempt to tackle the federal deficit, Congress passed the Omnibus Budget Reconciliation Act, which increased taxes and aimed to reduce spending by $225 billion over five years. - Round steak (1 pound): $0.43 ($6.70 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.83 in todays dollars). - Round steak (1 pound): $1.36 ($8.74 in todays dollars) - Potatoes (1 pound): $0.24 ($0.60 in todays dollars) Mainly for this reason, estimates - Sliced bacon (1 pound): $5.52 WebThe cost of buying a house on a mortgage was 6% in 1961. To publish, simply grab the HTML code or text to the left and paste into - Potatoes (10 pounds): $0.19 ($3.61 in todays dollars) - Sliced bacon (1 pound): $3.38 ($4.66 in todays dollars) - Round steak (1 pound): $3.12 ($5.18 in todays dollars) - White bread (1 pound): $0.55 ($1.26 in todays dollars) Some years the choices have been easier than others with prices low and income high. - Sliced bacon (1 pound): $1.92 ($3.56 in todays dollars) Bureau of Labor Statistics (BLS) Consumer Price Index, Most common jobs in America 100 years ago, The cost of a beer the year you turned 21, History of the supermarket industry in America, Iconic images from economic recessions in U.S. history, 15 charities where you can see your direct impact. The overthrow of the Shah of Iran led to the reduction of shipments of crude oil to the United States, resulting in high gas prices. - Potatoes (1 pound): $0.26 ($0.57 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.28 ($4.36 in todays dollars). There are a few guidelines and Consumers were also benefiting from tax cuts implemented the previous year, with the federal budget deficit continuing to shrink and the GDP growing to 6.5%. - White bread (1 pound): $1.21 ($1.52 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.48 ($4.71 in todays dollars). - Round steak (1 pound): $0.76 ($8.87 in todays dollars) - White bread (1 pound): $0.08 ($1.50 in todays dollars) - Potatoes (10 pounds): $1.34 ($6.48 in todays dollars) - Fresh eggs (1 dozen): $0.33 ($6.41 in todays dollars) - Potatoes (1 pound): $0.38 ($0.61 in todays dollars) With hundreds of thousands of soldiers coming back from the war, Congress passed the Employment Act of 1946, which stated it was the responsibility of the government to maintain a high employment level of labor and price stability. Foreign governments contested the legislation, leading to a decrease in foreign trade and weakening of the foreign economy. - Fresh delivered milk (1/2 gallon): $0.35 ($4.67 in todays dollars). - Sliced bacon (1 pound): $0.24 ($4.56 in todays dollars) It also raised taxes on gas, Social Security, and corporate income, as well as extended limits on discretionary spending. [emailprotected]. - White bread (1 pound): $0.22 ($1.71 in todays dollars) No longer in a recession and boosted by tax cuts, inflation decreased significantly, coming down to 5.75%. - White bread (1 pound): $1.37 ($1.64 in todays dollars) - Round steak (1 pound): $3.32 ($6.61 in todays dollars) A stock market crash from the previous year, as well as an ongoing recession and high inflation, meant low economic decline for the country. - Round steak (1 pound): $1.80 ($9.50 in todays dollars) - Fresh eggs (1 dozen): $1.91 ($2.13 in todays dollars) The economy was a central tenant for the newly elected President Reagen, who implemented a series of tax cuts in the hopes of encouraging consumers to spend more, thereby stimulating business growth and hiring. - Sliced bacon (1 pound): $2.08 ($4.94 in todays dollars) - Potatoes (10 pounds): $0.94 ($7.77 in todays dollars) The recession ended in June, thanks in part to a $700 billion bailout of the financial industry and insurance and automobile companies as well as the passage of the American Recovery and Reinvestment Act, a nearly $800 billion government stimulus package. - Potatoes (10 pounds): $0.56 ($5.44 in todays dollars) Contains a supplement for 1941. - Fresh grocery milk (1 gallon): $2.90 ($3.01 in todays dollars). - White bread (1 pound): $1.29 ($1.34 in todays dollars) - Round steak (1 pound): $2.82 ($6.82 in todays dollars) research shows that in the UK we actually spend less on food than previous generations did, and many popular foods are cheaper now than they were 30 years ago . - Fresh eggs (1 dozen): $0.54 ($4.65 in todays dollars) - White bread (1 pound): $0.75 ($1.35 in todays dollars) Consumer confidence dropped even further as the threat of a gasoline shortage loomed and long lines at gas stations appeared. A family of four with two earners and two children brought in $53,615 after taxes, adjusted for inflation, and spent more than $12,000 on housing, $6,000 on food, and $1,444 on entertainment. and more. Inflation also hovered around 4% throughout the year. - Potatoes (10 pounds): $0.24 ($4.46 in todays dollars) After the war, - Potatoes (10 pounds): $0.23 ($4.47 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($8.17 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.44 ($2.53 in todays dollars). The household median income rose 3.5%, coming to $38,885. Chris Payne. Bush, Bill Clinton and Ross Perot vied for the electorates votes. - Fresh delivered milk (1/2 gallon): $0.52 ($4.53 in todays dollars). - Round steak (1 pound): $5.68 ($6.24 in todays dollars) Price and wage controls enacted by the government had been successful and inflation had gone down to 3.27%. - Fresh delivered milk (1/2 gallon): $0.68 ($4.23 in todays dollars). The country was also leading the world in arms production, making almost 100,000 aircrafts a year. - Sliced bacon (1 pound): $0.68 ($5.78 in todays dollars) - White bread (1 pound): $0.36 ($1.74 in todays dollars) - Potatoes (10 pounds): $0.75 ($5.84 in todays dollars) For 1944 and 1945, income amounts above $200,000 about $3.3 million in today's dollars were taxed at an astounding marginal tax rate of 94%! Though America had been trying to avoid entering World War II, the attack on Pearl Harbor brought the war right to its shores.