613. Wages for common labor in the Work Relief Program were originally set at thirty cents an hour, but were later changed to better align with prevailing wage rates in the counties. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. Shows data from several surveys that looked into the average annual expenditures for food, rent, clothing, and medical care. Georgia: Atlanta Table 9 and Table 10 Source: BLS, Shows the average hourly wages of industrial workers in and outside of Copenhagen by both gender and skill. Source: U.S. Women's Bureau Bulletin #171. 300-308, Automobile prices paid by farmers, 1935-1960, Health items at drugstores - Average retail prices. The US dollar rate against the British pound was 476.80 US cents per pound or 4.768 US dollars per pound. We see the British devaluation in September 1931 remember, this was the worlds premier international currency at the time, so it was a big deal. [2] Notes [ edit] The cost of 8150 Australian Dollars in Isle of Man Pounds today is 4,583.53 according to the "Open Exchange Rates", compared to yesterday, the exchange rate decreased by -0.02% (by -0.0001). -- Daniel Starch, Ph.D., writing in 1930 (Source), Food Table 9 shows prices for corn flakes, macaroni, rice, bread, flour, fish, meats, dairy, eggs, fruit, fresh and canned fruits and vegetables, coffee, tea, sugar, lard, margarine, shortening. Source: Education in the forty-eight states, table 20, WAGES in AMMUNITION and EXPLOSIVES MANUFACTURING, 1930s, WAGES in MISCELLANEOUSMANUFACTURING, 1930s, WAGES in MULTIPLE MANUFACTURING INDUSTRIES, 1930s. The second portion of this table looks at the income of men and women in various occupation groups. It included room, food, laundry, beauty shop services, clothing, and more. Source: Shows the average hourly wages for selected occupations in Denmark. Source shows wage rates and average hours for workers in manufacturing on page 16. The symbol comes from an ornate L in Libra. The current inflation rate compared to last year is now 10.70%. See greater detail for each state in the section, Instructional staff salaries by state, 1929-1946. Shown in both Mexican and US currency. Candlestick chart. Ian earned his degree in Computer Science from Dartmouth College. Coal for household use, 1931-1932 of Agriculture report. Shows the average weekly wages for selected occupations in Texas for men, women, and boys. September 30, 2012: Currency Devaluations of the 1930s. The current inflation rate page gives more detail on the latest inflation rates. One English pound. Note that I am extrapolating the gold value of the peso (and other currencies) by using average US dollar/gold ratios for 1933 and also average foreign exchange rates. Utah: Salt Lake City Table 9 and Table 10 Shows the average hourly and daily wages for a variety of occupations and industries in Sweden by gender. They worry that higher interest rates can trigger a recession. Source: BLS. Includes both land and buildings. Details the wages earned in the explosives industry (dynamite, TNT, etc.) Calculates inflation to see what a U.S. dollar was worth in the past and today. Source:Federal Reserve Bank of Saint Louis. Tables run from pages 10-14. Please help update this article to reflect recent events or newly available information. By calculating the value in 1930 dollars, the chart below shows how $1 is worth less over 93 years. The average for the month 0.842. Source: BLS, Tells wage averages by industry and sex. Describes American cost of living, expenditure patterns, expenditures for specific goods. GBP - British Pound Sterling. Costs of food items starts on page 13. Tables of historical exchange rates to the United States dollar. Notes: *China changed currency to the New Yuan. Then all the numbers in the table would be multiplied by one hundred, but it does not mean all the world's currencies just got weaker. Its fractional unit is Penny, 1 GBP = 100 Penny (s). Although this article does not tell the post-decree wage rates, we include it here because of the important context it provides. Wages are shown in both Italian and US currency. Gives the price per kilowatt hour and total net monthly bill for households having various electrical appliances in 1936. Depicts the hourly wages of various German industries sorted by industrial or textile occupations and sorted by skill-level. A sovereign was a gold coin worth one pound and a paper note of the same value was called a "quid." A guinea is 1 1s. Source: USDA National Agricultural Statistics Service. Shows the average monthly wages for selected occupations in Sao Paulo, Brazil. Shows basic wage established by law in Australian cities and provinces in pounds, shilling and pence. 1930 GBP = 2323.9013 USD 1930 United States Dollar To British Pound Exchange Rates Updated: Feb 28,2023 20:37 UTC Full history please visit GBP/USD History Convert British Pound (GBP) To United States Dollar (USD) History Exchange Rate Full history please visit GBP/USD Exchange Rates History Convert 1930 British Pound (GBP) to other currencies Michigan: Detroit Table 9 and Table 10 These numbers are not inflation adjusted, so they are considered nominal. An old value of 7 pounds, 10 shillings, and sixpence, typically abbreviated 7/10/6 or 7 10s. Tables show wages for military, industry, and commerce workers, and describes how their wages changed throughout the war. If you disable this cookie, we will not be able to save your preferences. A pack ofcigarettes (20-count) cost about 14 in 1935. Shows the average hourly and weekly wages for selected occupations in Michigan paper mills. Isnt that interesting? Source: BLS. Shows the average wages of multiple occupation in the mining industry. The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver. Source: BLS, The "Service Industries" chapter in this source breaks out wages paid to workers in hospitals, hotels, bowling alleys, theaters, parks, churches, country clubs, athletic clubs and yacht clubs, advertising agencies, banks, laundries, schools/colleges, and restaurants (making no distinction between waiters, cooks or bus boys). 4 8s. AED. The 1,391 sq. California: Los Angeles Table 9 and Table 10 Pages 155-169 details the state of wages throughout Belgium in the early stages of the Great Depression. From November 1937, there is an "official" rate (shown) and also an "export" rate, which is about 22% lower in value. This website uses cookies so that we can provide you with the best user experience possible. To: Please enter the To date. Shows wages and hours of workers in the cotton industry over a 23 year period. Countries used in: United States; Major unit: One United States dollar; Minor unit: One cent; Minor units (cents) per United States dollar: 100; Note denominations: $1, $5, $10, $20, $50, $100 So, I dug into it. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast. Source: BLS Monthly Labor Review, July 1931, Shows average hourly wages for workers of various industries throughout Italy. Updated: February 14, 2022 100 in 1930 is equivalent in purchasing power to about 8,362.73 today, an increase of 8,262.73 over 93 years. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. We begin Brazils story in the middle of WWI. Convert 1930 British Pound Sterling to US Dollar using latest Foreign Currency Exchange Rates. Average hourly earnings. There were a lot of capital controls during wartime and soon afterwards. Detail for states beginning with. Belgium remained on a gold standard system afterwards, unlike others who continued to float. Bulletin of the United States Bureau of Labor Statistics (BLS), No. Source: Shows average hourly wages in francs for various occupations including brewers, tailors, watchmakers, dressmakers, milliners and more. Read more about inflation and investment. Therefore, a guinea was approximately $5.25 . Germanys annexation of Austria in March 1938 ends our story here. Tennessee: Memphis Table 9 and Table 10 Source: BLS. A dollar today only buys 5.583% of what it could buy back then. Capital controls were imposed after April 1933, through 1941. Until 1931, the Australian and British pounds were officially at parity although there were small variations in the market exchange rate. View GBP / USD Currency Calculator. Source: BLS Monthly Labor Review, March 1932. Source: The U.S. Bureau of Foreign and Domestic Commerce reported motion picture ticket prices in. This was the competitive devaluation or beggar-thy-neighbor devaluation approach popular during that time period. MERCHANDISE 100 in 1930 is equivalent in purchasing power to about 8,362.73 today, an increase of 8,262.73 over 93 years. Farm wage rates are broken out by year and geographic location. Shows wage rates alongside a price index of common items. This is a list of tables showing the historical timeline of the exchange rate for t he Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The 1,009 sq. (officially) in the wartime period and through the 1920s, although that was certainly not the actual case, as we looked at previously. Ungarn, 1920, kleine Sammlung postfrisch, und gestempelt. Im surprised at how many people have downloaded this, and continue to do so, which indicates continuing interest in what is certainly a very wonky topic. The typical American home in 1934 had five rooms. Prices in Australia at the beginning and end of the Twentieth Century was published as a feature article in the 2001 . Source: BLS. The currency symbol is $. As noted above, this yearly inflation rate compounds to produce an overall price difference of 1,691.44% over 93 years. The average GBP/USD exchange rate for 2023 is 1.2152 US Dollars per British Pound. The GBP/USD rate was down -0.12% in 2023. Exchange rates can vary considerably even within a year and so current rates may differ markedly from those shown here. Currency name: Canadian dollar Currency code: CAD Currency symbol: $, C$, Can$, CA$ or CAD Countries used in: Canada; Major unit: One Canadian dollar Minor unit: One cent Minor units (cents) per Canadian dollar: 100; Note denominations: $5, $10, $20, $50, $100 Coin denominations: 5, 10, 25, $1, $2 Central bank: Bank of Canada Reserve currency: The Canadian dollar is not considered a . So, in Argentinas case, the British pound remained the reference currency (as was predominant pre-1913), although the pound floated while the dollar remained gold-linked. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Wages are shown in both contemporary Dutch guilders and US dollars. Shows median salaries of teachers and principals by state. Unlike the dollar, the British pound floated after 1931, although it didnt lose much value until just before the war. As a way to analyze the success of a handful of settlements established by the Federal Emergency Relief Administration for economically disadvantaged families in the 1930s, this report checked on family expenditures. Our calculations use the following inflation rate formula to calculate the change in value between 1930 and today: Then plug in historical CPI values. Chart from the U.S. Dept of Labor shows the first federal minimum wage law enacted in 1938 (25 cents), and all subsequent increases through 2009. For example, if there are 120 to the dollar and 1.2 to the dollar then the number of yen per euro is 120/1.2 = 100. Describes four types of diets in November 1934, with regards to their nutritional information and costs at 1931-1932 retail prices. Shows price for a pack of cigarettes or packaged smoking tobacco. Source: The Central Bank of the Russian Federation (CBR) Source: BLS. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Argentina transitions from a gold peso (obviously it wasnt pegged to gold during this time) to a paper peso on December 10, 1933. Union wages reported in the U.S. Department of Labor publication. Source: BLS. Source: BLS, Shows the average hourly wages for selected occupations within a variety of industries in both Copenhagen and the provinces. in October 1937. Phone (573) 882-0748. Feb 1.207299 - 28 days. Wages are shown in both contemporary Belgian Francs and US dollars. Overtime and bonuses. The pound had an average inflation rate of 4.87% per year between 1930 and today, producing a cumulative price increase of 8,262.73%. Capital controls were imposed beginning in April 1933. Tip: Table 5 of the U.S. Farm Housing Survey (1935) shows the % of rural homes with lamp; electric or gas lights, central heating, refrigeration, cooking stoves and power washing machines. However, as the U.S. dollar was devalued in 1933, the forex rate between the gold peso and the dollar rose, which introduced negative trade influences. View historical and today's current inflation rates, using the CPI provided by the United States government. For more details on the S&P 500 between 1930 and 2023, see the stock market returns calculator. Shown in Hungarian Pengo (1 Pengo/100 Fillers = 17.49 US cents). Includes tables which give the percentage of people earning within wage ranges. C $13.63 + C $3.96 shipping. Source: Study covered 13 small cities, focusing on cost of living, expenditure patterns, expenditures for specific goods. Thus 10.5.6 would denote ten pounds, five shillings, and sixpence. Prices averaged across 51 U.S. cities are shown on pages 77-94 in the source. The magnitude of the numbers in the list does not indicate, by themselves, the strength or weakness of a particular currency. Shows weekly waged paid to truck drivers of different weight classes and experience and their subsistence allowance. Wages for workers with specific kinds of manufacturers -- automobiles, cigars and cigarettes, telephone and telegraph, etc. Shows average value for farm land and buildings from 1850-1982. Taken from the 1936 Statistical Abstract of the United States. The U.K. CPI was 17.3 in the year 1930 and 1446.7515236795698 in 2023: 100 in 1930 has the same "purchasing power" or "buying power" as 8,362.73 in 2023. Covers full time workers only. Chicago, Illinois experienced the lowest rate of inflation during the 93 years between 1930 and 2023 (3.02%). Shows annual and summer earnings data for male and female workers. Article starts on page 59 of the BLS Monthly Labor Review, July 1939 issue. U.S. average on page 1. Shows the average hourly rate of Belgian workers in a variety of different industries. For example, if you started with $1, you would need to end with $17.91 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). graph here starts in 1915, showing that there was some stability up to 1919, with the pound worth around $4.70, after which the value of the dollar dropped, followed by the typical variability of an upegged currency. The pound was returned to its prewar gold parity in 1920-1925. If the line is mostly flat but has a bit of wiggle in 1933, that probably means the currency was linked to gold (without the wiggle) during that time. Earnings for day and piece-rate workers. Bulletin U.S. BLS, No. Belgium did not follow the British pound devaluation in 1931. Inflation can also vary widely by country. Table compares the cost of a few dozen specific foods and household fuels (firewood, coal and electricity) across 18 countries. 5 John Pound Rd # 6, Tillsonburg, ON N4G5X is a condo unit listed for-sale at $595,000. Shows daily wages of 12 different occupations in Marseilles, in US dollars. during the WWI period, which wasnt really the case.). Average retail prices for 63 foods in 51 large U.S. cities combined. You may use the following MLA citation for this page: $1 in 1930 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1930?amount=1. . This naturally leads to a bit of wiggle. The USD to GBP forecast at the end of the month 0.826, change for September -2.6%. Pennsylvania: Philadelphia Table 9 and Table 10 To see historical exchange rates with graph,fill in the following fields and click Go! China: Average yearly wage, reported with and without board (meals). Includes annual consumption by family and prices on selected food items. 5. Coal price by city, 1930 The Italian Lira is the currency in Italy (IT, ITA). HOUSING, LANDand UTILITIES The currency code for British Pounds is GBP. This means that every time you visit this website you will need to enable or disable cookies again. Wages are divided by type of machine operated and amount of work completed. Postal Service. The Italian Lira (ITL) is obsolete. "It should be emphasized that income tax returns are frequently but erroneously used as an indication of the number of families at different income levels.. only about 4 million persons file returns whereas there are 30 million families in the United States." After that 1933 devaluation, the peso is quite stable vs gold for the remainder of the period, although there is some variation. 174-205, Printing and publishing: newspapers, pp. Used car prices by age, make and model - 1938 . In other words, a dollar will pay for fewer items at the store. 1.1961 +0.15% Currency Converter Pair Sum = 119.61 GBP to USD forecast for tomorrow, this week and month. Click "more" for direct links to wages in each occupation. Source: U.S. Senate investigation into prices. Source: BLS. (Click image for detail), Marie Concannon, Government Information Librarian The dollar had an average inflation rate of 1.44% per year between 1776 and today, producing a cumulative price increase of 3,338.74%. Obviously, we begin in the middle of World War I, when most all currencies in the world were floating. Source: U.S. Firemen - Salaries, late 1930s (link to library item), Gasoline filling stations and motor-vehicle repair garages - 1931, Government workers, federal - Pay scales, 1930-1949, Household worker wages - Philadelphia, 1928, Iron and steel industry wages and hours, 1907-1931, Lumber industry job wages and hours, 1921-1932, Newspaper industry - Editorial staff salaries, 1930-1934, Physicians, non-salaried - Average income, 1929-1949, Police salaries, late 1930s (link to library item), Politicians - State governor salaries, 1935, Deep-sea ship transportation occupations, wage structure - 1935, Slaughtering and meat-packing industry - Wages and hours, 1931, Median household income by race in southeast Missouri, 1935, Prices for name brand, packaged grocery items, 1930-1931, College expenses by field of study, 1930-1934, Clothing and household goods prices, 1937-1938, Movie admission prices in Central America and the Caribbean, 1931, https://libraryguides.missouri.edu/pricesandwages, Starting wages for common laborers, 1931-1934, Starting wages for common laborers employed by cities, 1935, Common labor - Average starting wage by race, 1936, Median weekly earnings for Negro males by occupation, 1930, Median weekly wage for Negro men by occupation, 1936, Common labor - Average starting pay by race and state, 1936, Wages of Negroes in the District of Columbia, 1931, Teacher salaries by state and race, 1939-1940, School salaries by state and race, 1935-1936, Teacher wages by race in AL, MD and NC - 1930s, Black women - Earnings by occupation, 1938, Urban Negro workers' earnings by sex and skill level, 1930, Urban Negro workers' earnings by sex and skill level, 1936, Household workers' wages by race - Chicago, 1930, Wage and salary income by race and sex, 1939, Automobile and vehicle industry workers, including garagemen, Captains, masters, mates, pilots, and engineers, Maintenance-of-way employees: Gang foremen, Maintenance-of-way employees: Assistant gang foremen, Maintenance-of-way employees: Iron workers, Maintenance-of-way employees: Masons, bricklayers, and plasterers, Maintenance-of-way employees: Section laborers, Maintenance-of-way employees: Crossing and bridge flagmen and gatemen, 3,500 occupations - Wages and job descriptions, Service occupations - Average earnings by type of business in 1934, Farm workers' wages and income - 1909 to 1938, Union wages for construction workers,1936-1961, Construction - Wages and hours, mid 1930s, Government jobs - Salaries by occupation - 1938, Government -Congressional salaries, 1789-present, Hotel employee minimum wages, Nov 1933-1935, Medical personnel - Income of physicians, dentists and [other health workers], 1939-1976, Stationary engineers, firemen, oilers, etc, School employees - Median salaries, 1930-1943, Automobile accessory and parts store owner's salary, Street-railway employees - Union wages, 1937 and 1938, Motormen and conductors, street railways, and bus drivers, Truck drivers - Union wages and hours, 1939, Bakery workers - Wages by city and state, 1931, Bakeries - Union wages, hours and working conditions, 1939, Bread-baking industry - Wages, hours and working conditions, 1934, Boot and shoe industry workers' wages, 1910 to 1930, Clothing manufacture (men's) - Wages and hours, 1911-1932, Hat manufacturing industries, earnings and hours - 1939, Hosiery and underwear manufacturing - Wages and hours, 1907-1932, Shoe and allied industries - Wages and hours, 1939, Rayon and synthetic yarn manufacturing, 1930, Rayon and synthetic yarn manufacturing, 1932, Silk and rayon goods manufacture - Wages and hours, 1931, Textiles, dyeing and finishing - Wages and hours, 1930 and 1932, Woolen and worsted goods manufacturing, 1910 to 1932, Leather Industries, earnings and hours - 1939, Leather glove industry, hours and earnings -1934, Furniture manufacture - Wages and hours, 1910-1931, Furniture manufacturing industry - Wages and hours, 1937, Ammunition industry - Average hourly earnings, 1937, Explosives manufacture, earnings and hours - 1937, Cigarette manufacturing - Wages and hours, 1930, Drugs and toiletries manufacturing - Wages and hours, 1938, Paper box manufacturing - Wages and hours, 1933-1935, Radio manufacturing, hourly earnings - 1937, Manufacturing - Average weekly earnings, 1919-1960, Manufacturing - Average hours and wages, 1929-1936, Women's wages compared to men in same occupations, Median income by sex and industry, 1939-1953, Service occupations - Average annual earnings by state in 1934, Construction wages in Alabama by county and town, 1938, Construction wages in Arkansas by county and town, 1938, Construction wages in Arizona by county and town, 1938, Construction wages in California by county and town, 1938, Construction wages in Colorado by county and town, 1938, Construction wages in Conneticut by county and town, 1938, Construction wages in District of Columbia by county and town, 1938, Motion-picture theater jobs wages in Washington DC, 1931, Construction wages in Delaware by county and town, 1938, Construction wages in Florida by county and town, 1938, Construction wages in Georgia by county and town, 1938, Construction wages in Iowa by county and town, 1938, Construction wages in Idaho by county and town, 1938, Construction wages in Illinois by county and town, 1938, Construction wages in Indiana by county and town, 1938, Construction wages in Kansas by county and town, 1938, Construction wages in Kentucky by county and town, 1938, Construction wages in Louisiana by county and town, 1938, Construction wages in Massachusetts by county and town, 1938, Construction wages in Maryland by county and town, 1938, Construction wages in Maine by county and town, 1938, Construction wages in Michigan by county and town, 1938, Construction wages in Minnesota by county and town, 1938, Missouri work relief projects - Wage rates by county, 1934-1935, Civilian Conservation Corps wages in MO, late 1930s, Construction wages in Missouri by county and town, 1938, Construction wages in Mississippi by county and town, 1938, Construction wages in Montana by county and town, 1938, North Carolina - Average earnings in the principal industries, 1938-1940, Construction Wages in North Carolina by county and town, 1938, Construction wages in Nebraska by county and town, 1938, Construction wages in New Hampshire by county and town, 1938, Construction wages in New Jersey by county and town, 1938, Construction wages in New Mexico by county and town, 1938, Construction wages in Nevada by county and town, 1938, Construction wages in New York by county and town, 1938, Ohio - Average annual wages and salaries by occupation, 1916-1932, Construction wages in Ohio by county and town, 1938, Monthly earnings of full time women workers in Cleveland, Construction wages in Oklahoma by county and town, 1938, Construction wages in Oregon by county and town, 1938, Construction wages in Pennsylvania by county and town, 1938, Household workers' wages by sex - Philadelphia, 1928, Construction wages in Rhode Island by county and town, 1928, Construction wages in South Carolina by county and town, 1938, Construction wages in Tennessee by county and town, 1938, Wages by gender and race - Tennessee, 1935, Construction wages in Texas by county and town, 1938, Construction wages in Utah by county and town, 1938, Monthly earnings of full time women workers in Utah, Construction wages in Virginia by county and town, 1938, Agriculture - Farm labor wages in Vermont, 1780s-1937, Construction wages in Vermont by county and town, 1938, Construction wages in Washington by county and town, 1938, Construction wages in Wisconsin by county and towns, 1938, Construction wages in West Virginia, 1938, Construction wages in Wyoming by county and town, 1938, Minimum wage in Australian cities and provinces, June 1937, Cotton industry wages - Bombay, 1926 and 1933, Wages by industry - British Columbia, 1931, Farm workers' earnings by Canadian province, 1929-1939, Average wages of industrial workers - Denmark, 1938-1939, Wig and toupee makers' wages in France, 1931, Wages and retail prices in France, 1938-47, French wages and wage supplements - 1938, 1946, 1947, General survey of wages in Germany in 1931, Printing trades and lithographic work wages. An exchange rate between two currencies fluctuates over time. This study shows the standard of living it provided for families of 4-5 people which were supported only by a husband earning that wage. A composite index is created by combining price data from several different published sources, both official and unofficial. Source: BLS. Source: BLS Monthly Labor Review, Aug 1935. Also shows average pay for PWA jobs. Also includes information on overtime pay. Compares average retail prices for "warehoused" name brand grocery items. In the 1930s, the exchange rate was about 5 U.S. dollars to one pound Sterling. This involved lowering wages, increasing hours and preventing employees from quitting their jobs. Table 2 on pages 1472-1474 shows, among other information, the hourly earnings of workers by industry and occupation in the US.