50.000.00in1932what is it worth in 2014.
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Question: how much was 50.000.00 in 1932 to todays money ?

I have found two sites that give helpful information.

1) This site gives the US dollar Brit exchange rate in 1932 as £0.29 = $1.00.

http://www.paper-dragon.com/1939/exchange.html

2) This site shows the rise in UK prices from inflation. A price/cost can be input to the calculator, for a particular year, which will then give the current price/cost.

http://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

Using 2), an item that cost £1.00 in 1932 now cost £59.01.

Using 1), £1.00 in 1932 would exchange with 1/0.29  dollars = $3.45.

The current exchange rate is £0.60 = $1.00 or, £1.00 = $1.67, (approx)

so £59.01 would exchange with 59.01/0.60 = $98.35.

1932                         2014

£1.00 = $3.45          £59.01 = $98.35

So inflation would make $3.45 rise to $98.35, an increase of 98.35/3.45 = 28.507 (almost 30-fold)

Then $50,000 in 1932 would be worth $1,425,362.32  (50,000 * 28.507)

Caveat: This answer is educated guesswork. I am not an economist or financial expert, and if the above answer is incorrect, then it is still probably a good ball-park figure.

by Level 11 User (81.5k points)

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