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%. 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. - Fresh eggs (1 dozen): $0.57 ($8.58 in todays dollars) In 2014, the typical American household spent $36,800, however the amount of money they were bringing in stayed relatively the same. 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. By 1940, Americas economy was on the up-and-up, with unemployment continuing to decrease to 14.6%. - White bread (1 pound): $0.08 ($1.42 in todays dollars) - Potatoes (10 pounds): $0.68 ($6.51 in todays dollars) - Round steak (1 pound): $0.85 ($9.30 in todays dollars) - Sliced bacon (1 pound): $1.67 ($4.78 in todays dollars) - Sliced bacon (1 pound): $0.41 ($6.06 in todays dollars) Stacker distribution partners receive a license to all Stacker stories, It was notably the first year that the real median household income had exceeded its 1989 pre-recessionary peak. - Fresh grocery milk (1 gallon): $2.78 ($4.20 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. - Round steak (1 pound): $5.71 ($5.92 in todays dollars) - Sliced bacon (1 pound): $0.82 ($7.93 in todays dollars) But once the Federal Reserve eased policies meant to curb inflation, including price controls and increased interest rates, the economy bounced back in May. And families were continuing to see more money coming in, with the average median family income at $6,900. WebEvery month a team of specialists collects around 180,000 separate prices of over 700 items covering everything a typical family might buy, such as milk, bread and bananas. WebWhat Things Cost in 1941: Car: $925 Gasoline: .19 cents/gal House: $6,900 Bread: .08 cents/loaf Milk: .34 cents/gal Postage Stamp: .03 cents Stock Market: Dow Jones Index - Round steak (1 pound): $4.10 ($5.46 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.13 ($2.95 in todays dollars). - Round steak (1 pound): $0.36 ($6.84 in todays dollars) *In 1980, the BLS transitioned to tracking the price of one pound of potatoes instead of 10 pounds. distribution partner, email us at I went to the spare room and checked my copy of Radio Times for September 1946 (every home should have one!) 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 grocery milk (1 gallon): $2.70 ($4.31 in todays dollars). - Fresh eggs (1 dozen): $0.87 ($2.35 in todays dollars) - Fresh eggs (1 dozen): $0.54 ($4.53 in todays dollars) Unemployment continued to trend downward, declining from 2.3 million in 2015 to 2 million in 2016. - Round steak (1 pound): $1.04 ($9.05 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.31 ($4.48 in todays dollars). - Potatoes (1 pound): $0.68 ($0.74 in todays dollars) - White bread (1 pound): $0.86 ($1.37 in todays dollars) - White bread (1 pound): $0.87 ($1.41 in todays dollars) That kicked off a week of market losses, all culminating in Black Monday, a monumental collapse that left the Dow Jones Industrial Average losing 509 points in a single trading session. - Sliced bacon (1 pound): $0.37 ($6.83 in todays dollars) - Potatoes (1 pound): $0.25 ($0.72 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. - Fresh delivered milk (1/2 gallon): $0.27 ($4.78 in todays dollars). - Round steak (1 pound): $3.12 ($6.55 in todays dollars) - Fresh eggs (1 dozen): $0.54 ($4.65 in todays dollars) - Sliced bacon (1 pound): $4.56 ($5.17 in todays dollars) - Sliced bacon (1 pound): $0.95 ($7.63 in todays dollars) - White bread (1 pound): $0.09 ($1.33 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. - Fresh eggs (1 dozen): $1.04 ($1.66 in todays dollars) The economy grew at a rate of over 5%. - Fresh grocery milk (1 gallon): $3.42 ($3.76 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.23 ($4.37 in todays dollars). - Fresh grocery milk (1 gallon): $3.16 ($4.35 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.42 ($2.83 in todays dollars). - Potatoes (10 pounds): $0.21 ($3.88 in todays dollars) - White bread (1 pound): $0.97 ($1.34 in todays dollars)
THE PRICE OF MILK 28 Mar 1941 The Spectator Archive The median income for families was $4,200 in 1954, about the same as it was the previous year. - 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%. - White bread (1 pound): $0.17 ($1.64 in todays dollars) - Round steak (1 pound): $3.41 ($6.52 in todays dollars) You may also like: 50 remote jobs that can pay well, - Fresh eggs (1 dozen): $1.53 The recession which had begun in 1990 continued through March of 1991. That increase helped account for higher insurance rates, due to an increase in natural disasters, distracted driving accidents and costlier vehicle repairs. - Sliced bacon (1 pound): $0.79 ($7.70 in todays dollars) - Potatoes (10 pounds): $0.24 ($4.46 in todays dollars)
things President Kennedy continued to lobby for personal and corporate tax cuts that would invigorate the economy, making economic growth his top priority. 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. - Round steak (1 pound): $4.79 ($5.43 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. Economists were predicting a year of growth and no recession as the value of the dollar rose. - Sliced bacon (1 pound): $0.81 ($6.69 in todays dollars) - Sliced bacon (1 pound): $0.39 ($6.23 in todays dollars) - Round steak (1 pound): $0.28 ($5.44 in todays dollars) - Round steak (1 pound): $1.06 ($9.02 in todays dollars) questions are about? - Fresh grocery milk (1/2 gallon): $1.12 ($3.21 in todays dollars).
How much did things cost when you were young? - WalesOnline By June, the economy had begun to grow again, but unemployment for the year remained high at 19%. - White bread (1 pound): $0.67 ($1.41 in todays dollars) - Round steak (1 pound): $2.90 ($7.58 in todays dollars) Can you guess the company these real 'Jeopardy!' - Fresh grocery milk (1/2 gallon): $1.11 ($2.64 in todays dollars). 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. 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 household median income rose 3.5%, coming to $38,885. - Sliced bacon (1 pound): $2.08 ($4.94 in todays dollars) Coming off a stock market crash the previous year, the nation was plagued by economic peril. In an attempt to restart economic growth and encourage consumer spending, the Federal Reserve eased monetary policies. WebRich Mans Dinner: $16.30 for Martini Cocktail, Lynnhaven Oysters, Celery, Stuffed Olives, Green Turtle Soup, Terrapin, Champagne, Canvasback Duck, Mushrooms in Cream, French Asparagus, French Peas, Squash, Appolinaris, Tutti Frutti Ice Cream, Assorted Cakes, Cordial, Camembert Cheese, and Caf Ture. share our stories with your audience. Administration: private business, 545; costs, 546; demand, 547; foreign It was notably the largest increase in family income recorded in any year since World War II ended in 1945. For example, the average cost of a house in Wales in 1917 - White bread (1 pound): $1.44 ($1.58 in todays dollars) But the consumer price index (CPI) was rising quicker than it had the rest of the decade, going from 35.6 in January 1969 to 37.7 in December 1969.
Prices - Fresh eggs (1 dozen): $0.59 ($5.71 in todays dollars) To publish, simply grab the HTML code or text to the left and paste into - Sliced bacon (1 pound): $1.99 ($3.49 in todays dollars) - White bread (1 pound): $0.19 ($1.76 in todays dollars) - Potatoes (10 pounds): $1.37 ($8.03 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. - White bread (1 pound): $0.75 ($1.35 in todays dollars) - Round steak (1 pound): $3.24 ($4.90 in todays dollars) Meanwhile, overseas, Adolf Hitler had invaded Poland, marking the start of World War II. - White bread (1 pound): $0.21 ($1.76 in todays dollars)
How much did stuff cost in 1941? - Quora With the election over, Americans experienced a strong economy, with consumer confidence at its highest since 2000. Making matters worse were accounting scandals at firms such as Enron and Swissair, which prompted another stock market crash. - Sliced bacon (1 pound): $1.88 ($4.14 in todays dollars) - White bread (1 pound): $0.53 ($1.43 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.66 ($4.24 in todays dollars). Americans were on the move and car sales were there to prove it. Despite gains in spending and output, the job market remained weak, with sluggish job creation and hiring. 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. 852. - Fresh delivered milk (1/2 gallon): $0.39 ($4.55 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.57 ($4.44 in todays dollars). Increased wage rates and higher employment led to men earning more than they ever had before, with the average median income a record level of $3,400, a $160 increase from the previous year. - 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. - Fresh eggs (1 dozen): $1.40 ($1.43 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. While the average family income went up to $13,720, the continued increase in prices9% from the year beforemeant families had less to spend. - Sliced bacon (1 pound): $2.12 ($4.22 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. - Potatoes (10 pounds): $0.24 ($4.11 in todays dollars) Heading into 2020, the economy was flourishing. - White bread (1 pound): $0.14 ($1.53 in todays dollars) The average income of families once again hit record highs, increasing 5% to $6,200. However, they saw some relief in the form of a tax cut, proposed by President Gerald Ford and approved by Congress in March. - Fresh eggs (1 dozen): $0.70 ($6.82 in todays dollars) Real interest rates and oil prices also decreased, giving way to a strong post-recession recovery, aided largely by the tax cuts from the previous year. With the war coming to an end, government spending rolled back and interest rates were raised to curb inflation, leading to decreased consumer demand and a recession. - Sliced bacon (1 pound): $0.29 ($5.63 in todays dollars) - Fresh grocery milk (1 gallon): $3.20 ($3.47 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. The workforce grew by 1.6 million people in 1967, with more than 66% of these additional workers being women. - Potatoes (1 pound): $0.38 ($0.61 in todays dollars) Retail sales also weakened, as consumers were confronted with rising payments on record debt accumulated over the past several years. - Fresh eggs (1 dozen): $0.37 ($6.83 in todays dollars) - Round steak (1 pound): $4.00 ($5.16 in todays dollars) The nations median household income also climbed to $30,056. The economy grew 2.9%, as consumers increased their spending 1.9%. - Potatoes (10 pounds): $0.82 ($5.82 in todays dollars) - Fresh eggs (1 dozen): $0.60 ($5.40 in todays dollars) Foreign governments contested the legislation, leading to a decrease in foreign trade and weakening of the foreign economy. - White bread (1 pound): $0.08 ($1.37 in todays dollars) Frustrated with the governments handling of the economy, Americans voted for Ronald Reagen in the November elections. Price and wage controls enacted by the government had been successful and inflation had gone down to 3.27%. Minimum wage also increased by 10 cents to $1.25 per hour. - White bread (1 pound): $0.54 ($1.41 in todays dollars) - Sliced bacon (1 pound): $0.43 ($6.70 in todays dollars) Gas prices also began to skyrocket, as the Organization of Petroleum Exporting Countries cut off oil exports to America in retaliation for the country providing military aid to Israel during the Yom Kippur War. And in those homes, they put televisions4.4 million Americans had a TV in their home by 1950. - Round steak (1 pound): $2.99 ($6.58 in todays dollars) The Reorganization Act of 1939 created the Federal Security Agency, tasked with improving social services like employment, education, and financial security. After the war, The subprime mortgage crisis had a domino effect on the economy. - White bread (1 pound): $0.07 ($1.33 in todays dollars) - Sliced bacon (1 pound): $0.70 ($6.03 in todays dollars) 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. - Fresh eggs (1 dozen): $0.74 ($7.41 in todays dollars) 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. - Potatoes (1 pound): $0.21 ($0.57 in todays dollars) - Fresh eggs (1 dozen): $0.90 ($2.58 in todays dollars)
1945-50 cost of living - any help please? - Sheffield Forum 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. The war cost the country $30 billion, financed largely by higher tax rates. - White bread (1 pound): $1.43 - Fresh grocery milk (1 gallon): $3.26 ($3.89 in todays dollars). - Potatoes (10 pounds): $0.93 ($5.79 in todays dollars) [1] Prices are in pounds, shillings and pence. Over the course of the next 10 months, the GDP dropped by nearly 2% and unemployment rose to 6.9%. - Sliced bacon (1 pound): $0.41 ($7.79 in todays dollars) - Sliced bacon (1 pound): $0.53 ($7.07 in todays dollars) - White bread (1 pound): $0.55 ($1.26 in todays dollars) - Potatoes (10 pounds): $0.56 ($5.44 in todays dollars) - Potatoes (10 pounds): $0.72 ($6.33 in todays dollars) And as money poured into American households, so did the technology; by 1952, three out of five families owned cars, two out of three had telephones, and one out of three had televisions in their homes. You may also like: How U.S. labor productivity has changed since 1950. - Sliced bacon (1 pound): $1.99 ($3.40 in todays dollars) - Fresh eggs (1 dozen): $1.99 ($2.41 in todays dollars) - White bread (1 pound): $1.37 ($1.49 in todays dollars) - Sliced bacon (1 pound): $0.64 ($6.91 in todays dollars) When the U.S. foreclosure rate jumped 79%, the housing market crashed, causing home prices to decrease dramatically. 4 In 1940, eggs cost an average of $0.33 per dozen. Economic uncertainty among businesses and CEOs grew as the tumultuous presidential race between Hillary Clinton and Donald Trump tightened. - Fresh eggs (1 dozen): $0.48 ($7.66 in todays dollars) - Potatoes (10 pounds): $1.50 ($6.44 in todays dollars) - Potatoes (1 pound): $0.26 ($0.57 in todays dollars) - Potatoes (1 pound): $0.45 ($0.62 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. The Federal Reserve began loosening up on monetary policies enacted to curb inflation, and by October the inflation rate had fallen to 5%. He also implemented a 10% import surcharge to protect American businesses from a predicted shift in exchange rates and help stabilize the dollar. - Fresh grocery milk (1 gallon): $3.49 ($3.96 in todays dollars). Inflation also hovered around 4% throughout the year. In 2012, consumer spending slowly expanded, with unemployment hovering at around 8%. - White bread (1 pound): $0.22 ($1.65 in todays dollars) The American economy was slowly getting back on track, though consumers and businesses remained cautious as the prior recession lingered in their minds. - Round steak (1 pound): $3.50 ($5.06 in todays dollars) The list of food that required vouchers expanded to include meat, cheese, fats, canned fish, and canned milk. - Fresh eggs (1 dozen): $1.91 ($2.13 in todays dollars) - Sliced bacon (1 pound): $1.33 ($7.80 in todays dollars) 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. The average house price in Great Britain in 1963 is 3,160. - Fresh eggs (1 dozen): $0.96 ($1.50 in todays dollars) You may also like: Quiz: Can you guess which company owns these brands? WebThere are no reliable figures for the casualties of the Soviet Union and China, the two countries in which casualties were undoubtedly greatest. - Potatoes (1 pound): $0.19 ($0.60 in todays dollars)* - Fresh delivered milk (1/2 gallon): $0.46 ($4.60 in todays dollars).
Wages WebThe cost of buying a house on a mortgage was 6% in 1961. - Fresh eggs (1 dozen): $0.30 ($5.70 in todays dollars) - Round steak (1 pound): $1.30 ($8.72 in todays dollars) How much did bread cost in the 1940s? However, it didnt stave off a more immediate recession caused by a regime change in Iran, which forced oil prices higher and the government trying to control rampant inflation. - White bread (1 pound): $1.42 ($1.61 in todays dollars) - Fresh eggs (1 dozen): $0.92 ($1.57 in todays dollars) - Round steak (1 pound): $2.77 ($6.58 in todays dollars) The average family income rose 6% to $5,400. - White bread (1 pound): $0.09 ($1.40 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.39 ($2.50 in todays dollars). - Sliced bacon (1 pound): $2.68 ($4.35 in todays dollars) - Sliced bacon (1 pound): $3.44 ($4.44 in todays dollars) - Round steak (1 pound): $1.08 ($9.31 in todays dollars) But this isnt the first time the American economy has been shattered by a crisis. - White bread (1 pound): $0.35 ($1.60 in todays dollars) - Sliced bacon (1 pound): $0.66 ($6.41 in todays dollars) - White bread (1 pound): $0.09 ($1.44 in todays dollars) You may also like: Most common jobs in America 100 years ago, - Fresh eggs (1 dozen): $0.58 ($8.39 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.47 ($4.58 in todays dollars). - Round steak (1 pound): $3.38 ($6.27 in todays dollars) - Round steak (1 pound): $5.90 ($6.40 in todays dollars) Publications that use this data. - Potatoes (10 pounds): $0.63 ($5.63 in todays dollars) - Fresh eggs (1 dozen): $0.53 ($3.41 in todays dollars) 25 July 2005. - Round steak (1 pound): $1.09 ($10.91 in todays dollars) - Fresh grocery milk (1 gallon): $2.90 ($3.01 in todays dollars). - Sliced bacon (1 pound): $1.94 ($4.69 in todays dollars) Income spending decreased this year and so did consumer spending. WebThe cost of buying a house on a mortgage was 6% in 1961. He also increased the minimum wage to $1.15 per hour. - Potatoes (1 pound): $0.68 ($0.79 in todays dollars) The effects of the 1981 tax cuts continued to be felt, with strong consumer and business spending. - Sliced bacon (1 pound): $2.47 ($4.10 in todays dollars) - Round steak (1 pound): $1.08 ($8.92 in todays dollars) 1 November announcement that radical politician Sir Charles - Fresh delivered milk (1/2 gallon): $0.51 ($4.56 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.53 ($4.38 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.26 ($4.45 in todays dollars). - White bread (1 pound): $0.75 ($1.39 in todays dollars) - Potatoes (1 pound): $0.39 ($0.57 in todays dollars)
How much did things cost in 1961 - UK - Retrowow - Fresh eggs (1 dozen): $0.35 ($5.99 in todays dollars) - White bread (1 pound): $0.79 ($1.35 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.52 ($4.57 in todays dollars). - Potatoes (10 pounds): $0.49 ($7.09 in todays dollars) Economic growth was sluggish, coming in at just 2.5% because of a soaring trade deficit. American prosperity continued, with unemployment at 3%. - White bread (1 pound): $0.61 ($1.34 in todays dollars) Telephone : Consumer Price Inflation Enquiries: +44 1633 456900. With millions of Americans out of work, underemployed, or laid off, the road to economic recovery will be a long one. WebFood agreed to hold the delivered price of flour at 25 s 6 d per sack of 280 lbs on condition that the bakers would hold the price of bread to consumers . - Sliced bacon (1 pound): $0.27 ($5.02 in todays dollars) - Potatoes (10 pounds): $0.50 ($5.84 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.21 ($3.99 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.46 ($4.45 in todays dollars). - Fresh eggs (1 dozen): $0.93 ($1.37 in todays dollars) - Round steak (1 pound): $0.90 ($8.74 in todays dollars) - Round steak (1 pound): $1.89 ($9.14 in todays dollars) - White bread (1 pound): $1.39 ($1.69 in todays dollars) - White bread (1 pound): $1.41 ($1.58 in todays dollars) - White bread (1 pound): $0.20 ($1.79 in todays dollars) - Fresh grocery milk (1 gallon): $3.50 ($4.39 in todays dollars). Compares the years 1914-23 with 1939-44. WebBlack barbers earned a median $1,678 in 1949 White men earned $2,678 Non-white men earned $1,715 White women earned $1,710 Non-white women earned $928 Income BY - Sliced bacon (1 pound): $0.84 ($6.55 in todays dollars) The year began with 77.2 million Americans employed and unemployment at 3.3%, the lowest it had been since 1963. - Fresh eggs (1 dozen): $1.66 ($2.01 in todays dollars) - Round steak (1 pound): $5.83 ($5.94 in todays dollars) - Fresh eggs (1 dozen): $0.57 ($4.96 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. - Round steak (1 pound): $3.40 ($6.12 in todays dollars) The economy continued to grow, with annual GDP growing 2.5% and inflation at 3.93%. Contains a supplement for 1941. - Round steak (1 pound): $1.75 ($10.26 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.31 ($4.58 in todays dollars). 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. - Sliced bacon (1 pound): $5.42 ($5.88 in todays dollars) - Potatoes (1 pound): $0.25 ($0.59 in todays dollars) Employment continued to grow, with 2 million adults1.4 million of which were womenjoining the workforce. 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) - Fresh eggs (1 dozen): $1.24 ($1.75 in todays dollars) - Fresh eggs (1 dozen): $0.86 ($1.51 in todays dollars) - Fresh eggs (1 dozen): $0.33 ($6.41 in todays dollars) Personal bankruptcy rates also reached record highs by 2001, in part due to the rising cost of college. Consumer confidence dropped even further as the threat of a gasoline shortage loomed and long lines at gas stations appeared. - Fresh delivered milk (1/2 gallon): $0.46 ($4.47 in todays dollars). - Sliced bacon (1 pound): $0.67 ($7.33 in todays dollars) - White bread (1 pound): $0.08 ($1.50 in todays dollars) The stock market crashed again, with businesses blaming New Deal initiatives and the government blaming a lack of investment on the part of the businesses. The country was also leading the world in arms production, making almost 100,000 aircrafts a year. - Round steak (1 pound): $0.26 ($5.21 in todays dollars) - Sliced bacon (1 pound): $5.77 ($6.13 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($8.17 in todays dollars) The economy experienced a marked slowdown, with economic growth and job growth both decreasing and the housing boom coming to an end. - White bread (1 pound): $0.13 ($1.52 in todays dollars) 1 In 1940, minimum wage was $0.30 per hour. - Sliced bacon (1 pound): $2.54 ($4.06 in todays dollars) - Sliced bacon (1 pound): $0.95 ($6.37 in todays dollars) By 2005, the average American home possessed 19.3 bank cards that they used for banking, borrowing and shopping.