In doing so, youre agreeing to the below guidelines. - Fresh eggs (1 dozen): $1.40 ($1.43 in todays dollars) The newly inaugurated President Jimmy Carter made job creation a main priority and Congress passed the Economic Stimulus Appropriations Act. - Fresh delivered milk (1/2 gallon): $0.50 ($4.63 in todays dollars). - Sliced bacon (1 pound): $3.66 ($4.59 in todays dollars) Adding to the employment crisis was the rise in people who had exhausted their unemployment benefitsup more than 2.3 million from the previous year. - Potatoes (10 pounds): $0.75 ($5.84 in todays dollars) - Fresh eggs (1 dozen): $0.32 ($5.99 in todays dollars) - White bread (1 pound): $0.14 ($1.51 in todays dollars) However, they saw some relief in the form of a tax cut, proposed by President Gerald Ford and approved by Congress in March. To that end, most Stacker stories are freely available to Economic growth was sluggish, coming in at just 2.5% because of a soaring trade deficit. The median income for families was $4,200 in 1954, about the same as it was the previous year. - Fresh grocery milk (1 gallon): $2.88 ($4.23 in todays dollars). - Round steak (1 pound): $3.50 ($5.06 in todays dollars) That increase helped account for higher insurance rates, due to an increase in natural disasters, distracted driving accidents and costlier vehicle repairs. - Fresh delivered milk (1/2 gallon): $0.24 ($4.49 in todays dollars). - Potatoes (10 pounds): $0.19 ($3.61 in todays dollars) - Sliced bacon (1 pound): $0.78 ($9.10 in todays dollars) The GOP also approved sweeping tax reform, decreasing the corporate tax rate to 21% and eliminating the Affordable Care Acts individual mandate provisions. The list of food that required vouchers expanded to include meat, cheese, fats, canned fish, and canned milk. The household median income rose 3.5%, coming to $38,885. - Fresh grocery milk (1/2 gallon): $1.58 ($2.56 in todays dollars). - Potatoes (1 pound): $0.25 ($0.59 in todays dollars) - Sliced bacon (1 pound): $0.67 ($6.71 in todays dollars) - Sliced bacon (1 pound): $5.47 ($5.67 in todays dollars) However, unemployment was still high at around 9% and with work hard to find, many were forced to make major lifestyle changes, such as selling their homes, moving in with family or going back to school to pursue alternative careers. - Potatoes (1 pound): $0.39 ($0.57 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.42 ($4.59 in todays dollars). - Fresh eggs (1 dozen): $0.54 ($4.65 in todays dollars) The median household income was $68,703, a notable increase of 6.8% from the previous year. - Fresh eggs (1 dozen): $0.49 ($3.82 in todays dollars) - Potatoes (10 pounds): $0.68 ($4.37 in todays dollars) Heading into 2020, the economy was flourishing. - Sliced bacon (1 pound): $0.84 ($6.55 in todays dollars) - White bread (1 pound): $1.04 ($1.39 in todays dollars) - Round steak (1 pound): $0.35 ($5.99 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. - Round steak (1 pound): $3.10 ($5.03 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.46 ($4.60 in todays dollars). Expenditures on other areas, such as food, entertainment and education, also rose slightly. War and Postwar Wages, Prices, and Hours, 1914-23 and 1939-44 Consumer spending grew and unemployment went down to 5.3%. - Potatoes (1 pound): $0.68 ($0.74 in todays dollars) And in those homes, they put televisions4.4 million Americans had a TV in their home by 1950. - White bread (1 pound): $1.02 ($1.48 in todays dollars) - Round steak (1 pound): $2.90 ($7.58 in todays dollars) - White bread (1 pound): $0.10 ($1.33 in todays dollars) Compares the years 1914-23 with 1939-44. 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 . In 1973, average inflation nearly doubled to 6.16. - White bread (1 pound): $1.37 ($1.64 in todays dollars) - White bread (1 pound): $0.75 ($1.39 in todays dollars) - Round steak (1 pound): $1.89 ($9.14 in todays dollars) Another basic good, gasoline was selling for .15 per gallon. - Round steak (1 pound): $1.78 ($8.14 in todays dollars) - White bread (1 pound): $0.54 ($1.35 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.43 ($2.44 in todays dollars). - Round steak (1 pound): $1.11 ($10.90 in todays dollars) Thanks to the implementation of New Deal programs, the economy began to grow, swelling to 10.8%, while unemployment fell to 21.7%. Unemployment was also at the lowest it had been in 17 years. You may also like: Can you guess the company these real 'Jeopardy!' And families were continuing to see more money coming in, with the average median family income at $6,900. - Fresh grocery milk (1/2 gallon): $0.79 ($3.82 in todays dollars), The economy continued to struggle in 1975, with unemployment averaging 8.5%. - Fresh eggs (1 dozen): $0.59 ($5.71 in todays dollars) - White bread (1 pound): $0.79 ($1.35 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.44 ($4.75 in todays dollars). The economy grew at a rate of 3.8% and the unemployment rate fell to 7.7%. - Fresh grocery milk (1/2 gallon): $1.13 ($2.83 in todays dollars). As unemployment continued to shrink, coming down to 16.9%, FDR was elected to a second term as president. 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. - Fresh delivered milk (1/2 gallon): $0.35 ($4.67 in todays dollars). - Round steak (1 pound): $2.77 ($6.58 in todays dollars) - Potatoes (10 pounds): $0.46 ($4.97 in todays dollars) After a difficult start to the year, consumer spending began increasing again in May with Americans continuing to spend on cars, clothing, and recreation through September. On the bright side, oil and gas prices fell, leading to an increase in disposable income and a growth in consumer spending. 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%. - Fresh eggs (1 dozen): $0.79 ($3.15 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.37 ($2.62 in todays dollars). - White bread (1 pound): $0.18 ($1.72 in todays dollars) - Fresh eggs (1 dozen): $0.87 ($2.35 in todays dollars) With more women in the workplace came a demand for a recognition of rights, with the National Organization of Women calling for an executive order to ban discrimination in federal employment. - White bread (1 pound): $1.00 ($1.47 in todays dollars) - Sliced bacon (1 pound): $0.95 ($6.37 in todays dollars) - Fresh eggs (1 dozen): $0.74 ($7.41 in todays dollars) Chris Payne. And while the economy was booming, the world turned upside down when President Kennedy was assassinated in November, leaving Vice President Lyndon B. Johnson to take over. The Cost of Goods the Year You Were Born | Stacker storytelling. - Round steak (1 pound): $0.39 ($6.91 in todays dollars) - Potatoes (10 pounds): $0.25 ($4.68 in todays dollars) (Notes prepared by my father for the information of relatives in Australia. 3 In 1940, milk cost an average of $0.26 per gallon. Individuals saw their income taxes increase by 10%. - Round steak (1 pound): $2.95 ($7.96 in todays dollars) - Sliced bacon (1 pound): $4.63 ($5.36 in todays dollars) 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 - Sliced bacon (1 pound): $0.74 ($6.85 in todays dollars) BBC - WW2 People's War - RATIONING AND SHORTAGES - Sliced bacon (1 pound): $0.67 ($7.33 in todays dollars) - White bread (1 pound): $1.29 ($1.34 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.39 ($2.50 in todays dollars). - Fresh eggs (1 dozen): $0.60 ($5.40 in todays dollars) How much did things cost in 1961 - UK - Retrowow 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. By March 1930, more than 3.2 million people were unemployed. - Sliced bacon (1 pound): $0.23 ($4.60 in todays dollars) - Fresh grocery milk (1 gallon): $3.50 ($4.39 in todays dollars). - Fresh eggs (1 dozen): $0.48 ($7.66 in todays dollars) In an effort to protect American businesses and farmers, President Herbert Hoover signed the Smoot-Hawley Tariff Act, which raised taxes on imports. - White bread (1 pound): $0.35 ($1.85 in todays dollars) But the coronavirus pandemic completely upended the economy, with small business revenue down 20% as of September and unemployment reaching a high of nearly 15% in April. While the average median income of families rose 6%, an 11% rise in prices meant they had less purchasing power than in years past. In an attempt to restart economic growth and encourage consumer spending, the Federal Reserve eased monetary policies. - Round steak (1 pound): $0.36 ($6.84 in todays dollars) Retail sales also weakened, as consumers were confronted with rising payments on record debt accumulated over the past several years. - Sliced bacon (1 pound): $2.08 ($4.94 in todays dollars) Prices and Wages by Decade: 1940-1949 - University Of Telephone : Consumer Price Inflation Enquiries: +44 1633 456900. - Potatoes (1 pound): $0.39 ($0.61 in todays dollars) More workers also saw more money in their paychecks, as the minimum wage was raised to $1 per hour, an increase of 25 cents. The country entered a recession in December. 25 July 2005. - Round steak (1 pound): $4.00 ($5.16 in todays dollars) - Round steak (1 pound): $1.07 ($9.57 in todays dollars) Some shops priced more expensive items in guineas. Minimum wage also increased by 10 cents to $1.25 per hour. At the presidents request, Congress approved $3.75 billion in federal spending to jump-start the economy in April. American prosperity continued, with unemployment at 3%. - Round steak (1 pound): $3.12 ($6.55 in todays dollars) and more. - Potatoes (1 pound): $0.21 ($0.55 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. However, the year was still marked by high unemployment, ending at about 10%. The price of things: In 1963 a gallon of petrol cost 5 shillings. The average family income rose 6% to $5,400. - Fresh eggs (1 dozen): $0.35 ($5.99 in todays dollars) But this isnt the first time the American economy has been shattered by a crisis. After several years of slow growth, the economy grew 2.9% in 2015. The economic benefits of the cut would be felt in years to come, with the Dow Jones industrial average nearly doubling between 1962 and 1966, the federal budget deficit shrinking, and GDP increasing. 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. - Sliced bacon (1 pound): $1.94 ($5.07 in todays dollars) - Round steak (1 pound): $1.04 ($8.73 in todays dollars) Homebuying was also spurred by the development of the Levit home, which utilized mass production techniques to build inexpensive tract homes in the suburbs. Administration: private business, 545; costs, 546; demand, 547; foreign - Potatoes (1 pound): $0.25 ($0.72 in todays dollars) Inflation also increased and the country entered a mild recession in December. - Sliced bacon (1 pound): $3.38 ($4.66 in todays dollars) When World War II ended in September 1945, the United States emerged economically stronger than any other country in the world. 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): $1.09 ($10.91 in todays dollars) - Sliced bacon (1 pound): $3.20 ($4.53 in todays dollars) - Potatoes (10 pounds): $0.75 ($6.03 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.16 ($2.55 in todays dollars). - Potatoes (1 pound): $0.21 ($0.57 in todays dollars) Government policies that had raised interest rates had also resulted in higher consumer prices, leading to a decline in spending. - Round steak (1 pound): $5.90 ($6.40 in todays dollars) - White bread (1 pound): $0.09 ($1.63 in todays dollars) See how food prices compare to 30 years ago and you might be Quiz reveals how much You may also like: 100 lowest-paying jobs in America, - Fresh eggs (1 dozen): $0.57 ($5.01 in todays dollars) 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. 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. The economy flourished in 1994, supported by strong investment spending and a decrease in unemployment. 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. - Fresh eggs (1 dozen): $0.67 ($6.58 in todays dollars) You may also like: How U.S. labor productivity has changed since 1950. - Fresh grocery milk (1 gallon): $2.78 ($4.20 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. WebThe cost of buying a house on a mortgage was 6% in 1961. The year started off with strong consumer spending, with car sales historically high. - Sliced bacon (1 pound): $0.80 ($5.14 in todays dollars) President Dwight D. Eisenhower signed legislation to construct an interstate highway system in 1956, leading to the creation of thousands of construction jobs as well as an increase in the number of roadside businesses. - Fresh grocery milk (1/2 gallon): $0.83 ($3.80 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. - Fresh eggs (1 dozen): $0.36 ($6.51 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.21 ($4.20 in todays dollars). - Round steak (1 pound): $0.44 ($7.03 in todays dollars) - Fresh eggs (1 dozen): $0.57 ($4.96 in todays dollars) - White bread (1 pound): $0.14 ($1.51 in todays dollars) This was in large part due to rising technology, which was not only making consumers lives easier but making business more efficient. Meanwhile, the private-sector economy flourished, with private investments rising 156%. - Potatoes (10 pounds): $0.63 ($5.67 in todays dollars) per gallon (in 1938) to pasteurise, bottle and distribute milk in the London area, but it only And with a war raging overseas, American businesses got a boost from selling goods such as steel, ammunition, and food to European countries. The stock market was depressed and interest rates rose. THE PRICE OF MILK 28 Mar 1941 The Spectator Archive Wars, extreme weather, political unrest, and more, have all affected the cost of goods and how Americans have spent their money. To publish, simply grab the HTML code or text to the left and paste into - Potatoes (10 pounds): $0.23 ($4.47 in todays dollars) - Fresh grocery milk (1 gallon): $3.28. - White bread (1 pound): $1.44 ($1.67 in todays dollars) - Fresh eggs (1 dozen): $1.04 ($1.66 in todays dollars) The tax cuts would go on to have long-term benefits. - Potatoes (1 pound): $0.68 ($0.79 in todays dollars) - Fresh grocery milk (1/2 gallon): $0.86 ($3.43 in todays dollars). - II. The new decade saw a slow economy give way to a mild recession, caused by rising interest rates meant to keep inflation under control and global oil prices more than doubling after the Iraq invasion of Kuwait. - White bread (1 pound): $0.51 ($1.61 in todays dollars) The legislation would go on to create 9.3 million jobs. WebEnd October President of the United States Franklin D. Roosevelt approves US$ 1bn in Lend-Lease aid to Britain. What was the cost of living in 1948? 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. The passage of the GI Bill of Rights further opened up opportunities for veterans, providing them money to attend college, or buy homes or farmland. Before the coronavirus pandemic hit, did you just head to the movies or the bar? - Round steak (1 pound): $0.90 ($8.74 in todays dollars) - Sliced bacon (1 pound): $1.71 ($7.82 in todays dollars) - Sliced bacon (1 pound): $1.33 ($7.80 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%. - Round steak (1 pound): $1.08 ($8.92 in todays dollars) - Potatoes (1 pound): $0.38 ($0.61 in todays dollars) - Sliced bacon (1 pound): $2.47 ($4.10 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.26 ($4.83 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.12 ($3.21 in todays dollars). One of his first acts as president was closing all the banks for several days until they were found to be financially secure, giving Congress time to put together the Emergency Banking Act and effectively restoring the publics faith in banks. - Potatoes (1 pound): $0.26 ($0.57 in todays dollars) Consumer confidence dropped even further as the threat of a gasoline shortage loomed and long lines at gas stations appeared. - Round steak (1 pound): $0.43 ($6.70 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. - Fresh eggs (1 dozen): $1.34 ($1.85 in todays dollars) - Fresh eggs (1 dozen): $1.74 ($1.80 in todays dollars) - Fresh eggs (1 dozen): $0.57 ($8.58 in todays dollars) - Potatoes (10 pounds): $1.46 ($6.68 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): $0.20 ($1.76 in todays dollars) - White bread (1 pound): $0.08 ($1.42 in todays dollars) Prices - Fresh grocery milk (1 gallon): $2.70 ($4.31 in todays dollars). To accommodate for the smaller paycheck, consumers began switching to lower-priced brandsa trend that continued past the recession as consumers found themselves pleasantly surprised at how much they enjoyed the less expensive products. Economic uncertainty among businesses and CEOs grew as the tumultuous presidential race between Hillary Clinton and Donald Trump tightened. High interest rates and a decrease in buying power meant less spending, with people putting off buying big-ticket items such as cars and housing. The year 1950 ushered in the era known as the Golden Age of American capitalism, two decades that saw a huge increase in the middle class, with blue-collar workers purchasing homes and buying appliances and cars with their rising wages. In 2012, consumer spending slowly expanded, with unemployment hovering at around 8%. Wages Others, having to decide between transportation or housing seemed a bit more dire as the economy suffered and prices soared. By this time, 6 million women had also entered the workforce, giving them greater economic independence. President Hoovers attempts to help the millions in need came a little too late however, as he lost to Democratic challenger Franklin Delano Roosevelt in the November elections. You may also like: How CEO pay compares with worker pay at 50 famous companies, - Fresh eggs (1 dozen): $2.47 ($2.71 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.25 ($4.61 in todays dollars). - Fresh grocery milk (1 gallon): $2.76 ($3.90 in todays dollars). You may also like: The cost of a beer the year you turned 21, - Fresh eggs (1 dozen): $0.60 ($6.48 in todays dollars) - Potatoes (10 pounds): $0.90 ($6.04 in todays dollars) - Potatoes (1 pound): $0.67 ($0.75 in todays dollars) - Potatoes (1 pound): $0.37 ($0.74 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.73 in todays dollars). Food marches and riots occurred across the country, as did two more banking panics. You may also like: Iconic images from economic recessions in U.S. history, - Fresh eggs (1 dozen): $0.61 ($4.09 in todays dollars) and prices, 562. - JSTOR In 2014, the typical American household spent $36,800, however the amount of money they were bringing in stayed relatively the same. Communities also began collecting scrap metal, cans, and rubber to recycle and manufacture into weapons. The legislation cut payroll taxes in half, providing businesses tax credits for hiring veterans and long-term unemployed workers, and made it easier for entrepreneurs and small businesses to get funding. - Fresh grocery milk (1 gallon): $3.04 ($3.09 in todays dollars). - Black Cat cigarettes, 10 for 6d (2p).- Reckitt's Bath Cubes, 2d (1p) each. For example, the average cost of a house in Wales in 1917 - Sliced bacon (1 pound): $0.67 ($5.99 in todays dollars) WebBRITISH PRICES AND WAGE RATES: 1939-1941 SUMMARY I. - White bread (1 pound): $0.09 ($1.44 in todays dollars) The Bureau of Labor Statistics revised the CPI in 1978 and was not able to release average retail food prices from July 1978 through December 1979. - Sliced bacon (1 pound): $0.34 ($6.02 in todays dollars) In contrast, many married women joined the workforce halfway through the year when job opportunities began expanding, making an average median income of $1,100, about the same as they took home the year prior. It was notably the first year that the real median household income had exceeded its 1989 pre-recessionary peak. The countries traded skis, whiskey, fur and computers, among other goods. The nations median household income also climbed to $30,056. - Fresh eggs (1 dozen): $0.79 ($1.74 in todays dollars) - Sliced bacon (1 pound): $1.77 ($3.72 in todays dollars) Factories that had previously made ammunition switched to making consumer goods, and Americans who had been living under rations for the past three years were eager to spend their money on everything from cars, to clothes to appliances. Credit cards also began to grow in popularity, with American Express launching an all-purpose credit card that could be used at stores, restaurants, hotels, and gas stations. The average family income was $3,700 in 1951$400 higher than the previous year. - White bread (1 pound): $0.76 ($1.33 in todays dollars) - Round steak (1 pound): $0.35 ($6.46 in todays dollars) Having made it into the new century unscatched after the Y2K scare, customers also bought computers and software in large numbers, in addition to spending more money on energy after a considerably warm 1999. The food at home price index, which includes the cost of items such as cereal, meats, fruits and vegetables, and nonalcoholic beverages, increased 4.3% from March 2020 to June 2020, after rising only 1.1% over the previous 12 months. - Fresh delivered milk (1/2 gallon): $0.48 ($4.59 in todays dollars). - White bread (1 pound): $0.53 ($1.52 in todays dollars) While income went up, so did prices, meaning that consumers only achieved a slight gain in purchasing power. - White bread (1 pound): $1.43 The price of oil per barrel doubled, then quadrupled, causing severe gas shortages as well as an increase in food prices. - Potatoes (10 pounds): $0.55 ($6.01 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. - Potatoes (1 pound): $0.63 ($0.76 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. - Round steak (1 pound): $0.34 ($6.37 in todays dollars) share our stories with your audience. When the U.S. foreclosure rate jumped 79%, the housing market crashed, causing home prices to decrease dramatically. 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. - Fresh eggs (1 dozen): $1.68 ($2.11 in todays dollars) - Fresh eggs (1 dozen): $0.99 ($1.89 in todays dollars) - Fresh grocery milk (1 gallon): $3.42 ($3.76 in todays dollars). - Round steak (1 pound): $3.41 ($6.52 in todays dollars) - Potatoes (10 pounds): $0.24 ($4.46 in todays dollars) - Round steak (1 pound): $0.28 ($5.44 in todays dollars) - Sliced bacon (1 pound): $0.41 ($7.68 in todays dollars) - Round steak (1 pound): $3.50 ($5.14 in todays dollars) How much did bread cost in the 1940s? - Sliced bacon (1 pound): $4.11 ($4.91 in todays dollars) 1 In 1940, minimum wage was $0.30 per hour. - White bread (1 pound): $0.20 ($1.79 in todays dollars) Britain imported - White bread (1 pound): $0.36 ($1.44 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. However, unemployment decreased to 7.4%. - White bread (1 pound): $1.40 ($1.54 in todays dollars) - Fresh grocery milk (1 gallon): $3.49 ($3.96 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.31 ($4.66 in todays dollars). - Potatoes (10 pounds): $0.57 ($6.16 in todays dollars) - Fresh grocery milk (1 gallon): $3.16 ($4.35 in todays dollars). With the coronavirus wreaking havoc across the globe, Americans have been feeling the pinch not only in their paychecks, but their wallets, as the pandemics disruptions on the economy have caused an increase in the price of goods. - Sliced bacon (1 pound): $0.82 ($7.93 in todays dollars) - White bread (1 pound): $0.87 ($1.41 in todays dollars) - Round steak (1 pound): $0.41 ($6.06 in todays dollars) - Round steak (1 pound): $0.76 ($8.87 in todays dollars) Your results for: price of bread - British Newspaper Archive - Sliced bacon (1 pound): $2.12 ($4.22 in todays dollars) - Potatoes (10 pounds): $0.24 ($4.11 in todays dollars) - Sliced bacon (1 pound): $0.41 ($7.79 in todays dollars) Named after its creator, Secretary of State George C. Marshall, the Marshall Plan proposed offering European nations more than $15 billion in aid to rebuild after the war. Consumer spending made up 70.5% of the total GDP. - White bread (1 pound): $0.67 ($1.41 in todays dollars) Increased investment led to strong personal income growth with tax cuts also giving Americans more spending money. - Sliced bacon (1 pound): $0.57 ($5.45 in todays dollars) An increase in the minimum wageup to $2.30 per hour from $2.10also gave American workers a boost. - Potatoes (10 pounds): $1.37 ($8.03 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.66 ($4.43 in todays dollars). Housing, transportation and food were among the top items consumers were buying. You may also like: 50 remote jobs that can pay well, - Fresh eggs (1 dozen): $1.53 List of 1941 Major News Events in History - The People History