- Fresh eggs (1 dozen): $0.54 ($4.65 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.51 ($4.56 in todays dollars). - Potatoes (10 pounds): $0.50 ($5.84 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. 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. - Round steak (1 pound): $3.12 ($6.55 in todays dollars) Personal bankruptcy rates also reached record highs by 2001, in part due to the rising cost of college. 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 4 In 1940, eggs cost an average of $0.33 per dozen. - Fresh eggs (1 dozen): $0.48 ($7.66 in todays dollars) - Round steak (1 pound): $3.09 ($4.93 in todays dollars) - White bread (1 pound): $0.09 ($1.40 in todays dollars) - Potatoes (10 pounds): $0.63 ($5.63 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): $1.84 ($2.09 in todays dollars) However, unemployment crept up to 5.8%. The American economy was slowly getting back on track, though consumers and businesses remained cautious as the prior recession lingered in their minds. 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%. storytelling. - White bread (1 pound): $1.08 ($1.39 in todays dollars) - Fresh eggs (1 dozen): $1.99 ($2.41 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.48 ($4.71 in todays dollars). - Fresh grocery milk (1 gallon): $3.28. By this time, 6 million women had also entered the workforce, giving them greater economic independence. - Round steak (1 pound): $0.35 ($6.46 in todays dollars) - White bread (1 pound): $0.18 ($1.75 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. 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. - Potatoes (1 pound): $0.39 ($0.57 in todays dollars) - White bread (1 pound): $0.13 ($1.52 in todays dollars) 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. - White bread (1 pound): $0.76 ($1.33 in todays dollars) Wars, extreme weather, political unrest, and more, have all affected the cost of goods and how Americans have spent their money. Housing, transportation and food were among the top items consumers were buying. - Fresh eggs (1 dozen): $1.40 ($1.43 in todays dollars) - Sliced bacon (1 pound): $5.78 ($6.35 in todays dollars) In an attempt to prevent hoarding, the Office of Price Administration set price limits and food rations. By June, the economy had begun to grow again, but unemployment for the year remained high at 19%. 1930. *In 1980, the BLS transitioned to tracking the price of one pound of potatoes instead of 10 pounds. With product prices rising only slightly, these record-high incomes were significant, giving American consumers more purchasing power than ever before. - Potatoes (1 pound): $0.65 ($0.71 in todays dollars) People became increasingly frustrated with the lack of federal aid, and homeless families began to live in shelters in communities called Hoovervilles. The tumultuous year was capped off by the collapse of the Bank of the United States, the largest single bank failure in the countrys history. The price of things: In 1963 a gallon of petrol cost 5 shillings. The Reorganization Act of 1939 created the Federal Security Agency, tasked with improving social services like employment, education, and financial security. - Fresh grocery milk (1 gallon): $3.08 ($3.98 in todays dollars). - White bread (1 pound): $0.25 ($1.56 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. - Black Cat cigarettes, 10 for 6d (2p).- Reckitt's Bath Cubes, 2d (1p) each. - Potatoes (10 pounds): $0.46 ($6.92 in todays dollars) - Sliced bacon (1 pound): $5.47 ($5.67 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. - Potatoes (1 pound): $0.49 ($0.71 in todays dollars) Inflation-adjusted prices are also included, to see how prices really compare to today. 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) Inflation also increased and the country entered a mild recession in December. - Fresh delivered milk (1/2 gallon): $0.46 ($4.60 in todays dollars). - White bread (1 pound): $0.09 ($1.35 in todays dollars) 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. No longer in a recession and boosted by tax cuts, inflation decreased significantly, coming down to 5.75%. Heres a snapshot of life and pop culture in 1963. Do you splurge on bacon or hair dye? - White bread (1 pound): $0.09 ($1.33 in todays dollars) - Potatoes (10 pounds): $0.17 ($3.23 in todays dollars) - Round steak (1 pound): $1.75 ($10.26 in todays dollars) After the war, And though prices increased 6% from the year before, the median family income also increased 9%, giving workers about $450 more in purchasing power. - Potatoes (1 pound): $0.38 ($0.63 in todays dollars) - Sliced bacon (1 pound): $0.88 ($6.24 in todays dollars) - Fresh eggs (1 dozen): $1.22 ($1.63 in todays dollars) Over the course of the next 10 months, the GDP dropped by nearly 2% and unemployment rose to 6.9%. - White bread (1 pound): $0.08 ($1.50 in todays dollars) 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. 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. More federal programs were created to help the poor, unemployed and farmers, including the Soil Conservation and Domestic Allotment Act and the Rural Electrification Act, which provided help in bringing electricity to rural areas of the country. The median household income was $53,657, not statistically different from that of 2013. - Fresh eggs (1 dozen): $0.93 ($1.37 in todays dollars) - Potatoes (1 pound): $0.30 ($0.56 in todays dollars) By 2016 food shopping accounted for just 10.5% of our income. - Sliced bacon (1 pound): $2.54 ($4.06 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($7.66 in todays dollars) - Potatoes (1 pound): $0.66 ($0.75 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. - Fresh grocery milk (1 gallon): $3.26 ($3.89 in todays dollars). Consumer confidence and spending continued to trend upward, as did debt levels meant to support spending activities. - Fresh delivered milk (1/2 gallon): $0.22 ($4.27 in todays dollars). - Round steak (1 pound): $0.44 ($6.62 in todays dollars) 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 . Starting the year in a mild recession, the country experienced an increase in unemployment. Thanks to the implementation of New Deal programs, the economy began to grow, swelling to 10.8%, while unemployment fell to 21.7%. 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. - Sliced bacon (1 pound): $0.27 ($5.02 in todays dollars) - Round steak (1 pound): $0.28 ($5.44 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.51 ($4.59 in todays dollars). You may also like: 15 charities where you can see your direct impact, - Fresh eggs (1 dozen): $0.84 ($2.65 in todays dollars) Making matters worse were accounting scandals at firms such as Enron and Swissair, which prompted another stock market crash. to dollars and cents (from Decimal currency, 1965, ABS) Pence Whole cents 1 1 2 2 3 2 4 3 5 4 - Round steak (1 pound): $1.48 ($9.22 in todays dollars) Chris Payne. - Fresh eggs (1 dozen): $1.03 ($1.49 in todays dollars) - Potatoes (10 pounds): $1.40 ($5.59 in todays dollars) 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): $0.18 ($1.72 in todays dollars) - Round steak (1 pound): $5.79 ($6.15 in todays dollars) - Potatoes (10 pounds): $0.68 ($6.51 in todays dollars) - Potatoes (1 pound): $0.63 ($0.76 in todays dollars) - Potatoes (10 pounds): $0.75 ($6.03 in todays dollars) - Sliced bacon (1 pound): $0.71 ($6.18 in todays dollars) - Fresh grocery milk (1 gallon): $3.11 ($3.77 in todays dollars). Due to restrictions on spending due to the war effort, Americans were also saving an average of 21% of their disposable income. - Potatoes (1 pound): $0.25 ($0.72 in todays dollars) 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%. Consumer spending grew and unemployment went down to 5.3%. questions are about? - Fresh delivered milk (1/2 gallon): $0.31 ($4.58 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.13 ($2.95 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.52 ($4.53 in todays dollars). - Fresh delivered milk (1/2 gallon): $0.25 ($4.52 in todays dollars). - Round steak (1 pound): $0.90 ($8.74 in todays dollars) Stock markets were strong the first half of the year, but by mid-October, a barrage of negative news reports had led to decreased investor confidence and unpredictability. [emailprotected]. 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. - Fresh eggs (1 dozen): $0.79 ($3.15 in todays dollars) You may also like: Best value colleges in every state, - Fresh eggs (1 dozen): $1.01 ($2.01 in todays dollars) You may also like: The top women CEOs in America, - Fresh eggs (1 dozen): $0.91 ($1.38 in todays dollars) A dozen eggs All indicators continued to show a healthy, growing economy, with unemployment at 4.9% and inflation at around 3%. - Fresh grocery milk (1 gallon): $2.84 ($4.44 in todays dollars). - Fresh eggs (1 dozen): $0.32 ($5.99 in todays dollars) - Potatoes (10 pounds): $1.50 ($6.44 in todays dollars) 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. Meanwhile, the private-sector economy flourished, with private investments rising 156%. - Potatoes (10 pounds): $1.34 ($6.48 in todays dollars) - Potatoes (10 pounds): $0.75 ($5.84 in todays dollars) - Sliced bacon (1 pound): $1.33 ($7.80 in todays dollars) In 2012, consumer spending slowly expanded, with unemployment hovering at around 8%. - Potatoes (1 pound): $0.58 ($0.69 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.39 ($2.50 in todays dollars). Unemployment was also at the lowest it had been in 17 years. After several years of slow growth, the economy grew 2.9% in 2015. - Potatoes (10 pounds): $0.68 ($4.37 in todays dollars) - Sliced bacon (1 pound): $0.34 ($6.02 in todays dollars) - Round steak (1 pound): $0.88 ($8.42 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. The price of the dollar in the foreign exchange market also fell, and the dollar was devalued 10 cents. - Fresh eggs (1 dozen): $0.96 ($1.50 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) The year began with 77.2 million Americans employed and unemployment at 3.3%, the lowest it had been since 1963. - Round steak (1 pound): $0.26 ($5.21 in todays dollars) - White bread (1 pound): $1.37 ($1.64 in todays dollars) - Potatoes (10 pounds): $0.56 ($5.44 in todays dollars) The economy grew at a rate of 3.8% and the unemployment rate fell to 7.7%. If your organization is interested in becoming a Stacker Homebuying was also spurred by the development of the Levit home, which utilized mass production techniques to build inexpensive tract homes in the suburbs. 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): $0.86 ($1.51 in todays dollars) Consumers also spent more money on personal insurance and pensions. - Fresh delivered milk (1/2 gallon): $0.24 ($4.49 in todays dollars). - Round steak (1 pound): $0.36 ($6.74 in todays dollars) - Fresh eggs (1 dozen): $0.59 ($5.71 in todays dollars) - Round steak (1 pound): $2.95 ($7.96 in todays dollars) - Sliced bacon (1 pound): $1.79 ($7.15 in todays dollars) - Round steak (1 pound): $0.41 ($5.93 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.27 ($2.67 in todays dollars). Wisconsin Historical Society // Getty Images, State Library of New South Wales // Flickr, SMU Libraries Digital Collections // Flickr, U.S. National Archives and Records Administration // Wikimedia Commons, U.S. National Archives and Records Administration // Wikimdia Commons, OSU Special Collections & Archives // Wikimedia Commons, The Library of Virginia // Wikimedia Commons, State Library and Archives of Florida // Wikimedia Commons, U.S. Department of Agriculture // Wikimedia Commons, State Archives of North Carolina // Wikimedia Commons, Countries with the most oil and who they're selling it to. - Potatoes (10 pounds): $0.90 ($6.04 in todays dollars) - Fresh eggs (1 dozen): $0.59 ($7.88 in todays dollars) - Fresh grocery milk (1 gallon): $3.19 ($4.25 in todays dollars). For example, the average cost of a house in Wales in 1917 Consumer Price Inflation recorded message (available after 8am on release day): +44 800 0113703. The post-war recession that began in July 1953 continued, with the countrys GDP dropping by 2.2% and unemployment rising as high as 6%. - Round steak (1 pound): $1.04 ($8.73 in todays dollars) - Potatoes (1 pound): $0.67 ($0.75 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. - Fresh eggs (1 dozen): $0.62 ($4.40 in todays dollars) - Potatoes (1 pound): $0.21 ($0.51 in todays dollars) And in those homes, they put televisions4.4 million Americans had a TV in their home by 1950. - Fresh eggs (1 dozen): $2.02 ($2.22 in todays dollars) - White bread (1 pound): $0.79 ($1.35 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.14 ($2.61 in todays dollars). President Kennedy continued to lobby for personal and corporate tax cuts that would invigorate the economy, making economic growth his top priority. By March 1930, more than 3.2 million people were unemployed. - Potatoes (10 pounds): $0.54 ($5.26 in todays dollars) - Potatoes (10 pounds): $0.24 ($4.25 in todays dollars) The war cost the country $30 billion, financed largely by higher tax rates. - Potatoes (10 pounds): $0.46 ($4.97 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.12 ($3.21 in todays dollars). Income spending decreased this year and so did consumer spending. - White bread (1 pound): $0.35 ($1.60 in todays dollars) - Potatoes (10 pounds): $0.53 ($5.13 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. - White bread (1 pound): $0.55 ($1.26 in todays dollars) Consumer confidence was also strong and federal discretionary spending as part of the GDP hit a 30-year low. - Potatoes (10 pounds): $0.23 ($4.60 in todays dollars) - White bread (1 pound): $0.08 ($1.49 in todays dollars) Stacker distribution partners receive a license to all Stacker stories, The country fell into another recession, as GDP decreased by 3.7% and unemployment rose to 7.4%. And for the 80% of men in the workforce who had full-time jobs, that median average was even higher, at $3,900. - White bread (1 pound): $0.53 ($1.43 in todays dollars) You may also like: Jobs that might not exist in 50 years, - Fresh eggs (1 dozen): $0.45 ($7.01 in todays dollars) - Sliced bacon (1 pound): $0.41 ($6.06 in todays dollars) - Fresh eggs (1 dozen): $0.55 ($8.13 in todays dollars) - Fresh eggs (1 dozen): $1.00 ($2.10 in todays dollars) - White bread (1 pound): $1.43 Heading into 2020, the economy was flourishing. - Fresh eggs (1 dozen): $1.74 ($1.80 in todays dollars) - Potatoes (10 pounds): $0.47 ($6.95 in todays dollars) - Sliced bacon (1 pound): $1.99 ($3.49 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.42 ($2.83 in todays dollars). While the economy was growing stronger, the year was marked by a jobless recovery, which included a 6% unemployment rate. WebThe cost of buying a house on a mortgage was 6% in 1961. Telephone : Consumer Price Inflation Enquiries: +44 1633 456900. You may also like: Quiz: Can you guess which company owns these brands? - White bread (1 pound): $0.55 ($1.33 in todays dollars) - White bread (1 pound): $0.53 ($1.52 in todays dollars) - Potatoes (1 pound): $0.45 ($0.62 in todays dollars) - Round steak (1 pound): $6.58 - Sliced bacon (1 pound): $3.66 ($4.42 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.52 ($4.42 in todays dollars). The unemployment rate fell to 3.9%, notably the lowest level in a generation. - Fresh eggs (1 dozen): $0.78 ($4.57 in todays dollars) - White bread (1 pound): $1.41 ($1.58 in todays dollars) 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. - White bread (1 pound): $0.07 ($1.33 in todays dollars) - White bread (1 pound): $0.36 ($1.55 in todays dollars) - Potatoes (10 pounds): $0.19 ($3.61 in todays dollars) per gallon (in 1938) to pasteurise, bottle and distribute milk in the London area, but it only - Round steak (1 pound): $4.28 ($5.11 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.46 ($4.45 in todays dollars). It may have cost rod. - Fresh eggs (1 dozen): $0.30 ($5.70 in todays dollars) - White bread (1 pound): $0.23 ($1.63 in todays dollars) - Fresh eggs (1 dozen): $0.70 ($8.17 in todays dollars) - White bread (1 pound): $0.71 ($1.36 in todays dollars) Adding to the instability was the revelation by the federal government of a widening trade deficit, leading to the dollar falling in value. - Fresh delivered milk (1/2 gallon): $0.63 ($4.47 in todays dollars). - Fresh grocery milk (1/2 gallon): $1.13 ($2.83 in todays dollars). - Sliced bacon (1 pound): $2.68 ($4.35 in todays dollars) - Fresh grocery milk (1 gallon): $2.70 ($4.31 in todays dollars). - Sliced bacon (1 pound): $3.44 ($4.44 in todays dollars) - Round steak (1 pound): $0.35 ($5.99 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.24 ($4.49 in todays dollars). - Round steak (1 pound): $4.11 ($5.16 in todays dollars) - Fresh eggs (1 dozen): $0.57 ($4.96 in todays dollars) To that end, most Stacker stories are freely available to - Potatoes (10 pounds): $0.24 ($4.46 in todays dollars) - Round steak (1 pound): $3.40 ($6.12 in todays dollars) - Fresh grocery milk (1 gallon): $3.20 ($3.47 in todays dollars). - Fresh eggs (1 dozen): $0.55 ($4.68 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. You may also like: How U.S. labor productivity has changed since 1950. 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. 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): $0.78 ($1.79 in todays dollars) With the economy strengthening, Congress looked to address the record-high deficit without increasing taxes and passed the Balanced Budget and Emergency Deficit Control Acta five-year plan to reduce the deficitin December. 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. Price and wage controls enacted by the government had been successful and inflation had gone down to 3.27%. It seems like the good old days, were really affordable when it comes to house buying with the best year to buy in 1945, with an average property price of With high unemployment continuing to be a major hurdle for the country, President Barack Obama signed the The American Jobs Act. But this isnt the first time the American economy has been shattered by a crisis. - Sliced bacon (1 pound): $5.45 ($5.98 in todays dollars) - Fresh grocery milk (1/2 gallon): $1.43 ($2.44 in todays dollars). However, a slight recession began in the country in November, leading into the next year. distribution partner, email us at - White bread (1 pound): $0.89 ($1.39 in todays dollars) - Potatoes (10 pounds): $0.93 ($5.79 in todays dollars) Another basic good, gasoline was selling for .15 per gallon. The Iranian Revolution of 1979 paired with restrictive monetary policies aimed at lowering inflation plunged the country into another six-month recession, starting in January. The median income for families was $4,200 in 1954, about the same as it was the previous year. 1 In 1940, minimum wage was $0.30 per hour. 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. - Sliced bacon (1 pound): $0.84 ($6.55 in todays dollars) The workforce grew by 1.6 million people in 1967, with more than 66% of these additional workers being women. - Fresh grocery milk (1/2 gallon): $1.05 ($3.32 in todays dollars). - Potatoes (10 pounds): $0.76 ($6.38 in todays dollars) You may also like: Cost of gold the year you were born, - Fresh eggs (1 dozen): $1.66 ($1.98 in todays dollars) - White bread (1 pound): $0.20 ($1.79 in todays dollars) Economic growth was sluggish, coming in at just 2.5% because of a soaring trade deficit. - Fresh delivered milk (1/2 gallon): $0.31 ($4.48 in todays dollars). - Round steak (1 pound): $2.77 ($8.75 in todays dollars) - White bread (1 pound): $0.54 ($1.41 in todays dollars) Britain imported - Sliced bacon (1 pound): $3.66 ($4.59 in todays dollars) They were also heading to the stores, with strong retail sales reported throughout the year. New Which? - Sliced bacon (1 pound): $0.37 ($6.34 in todays dollars) - Fresh delivered milk (1/2 gallon): $0.68 ($4.23 in todays dollars). - Potatoes (1 pound): $0.74 ($0.77 in todays dollars) - Potatoes (1 pound): $0.62 ($0.75 in todays dollars) - White bread (1 pound): $0.75 ($1.39 in todays dollars) 1 November announcement that radical politician Sir Charles - Round steak (1 pound): $2.89 ($6.62 in todays dollars) 852. The economy did better than expected, with inflation below 1.5% and unemployment averaging at around 5.8%. - White bread (1 pound): $0.97 ($1.34 in todays dollars) With the implementation of the North American Free Trade Agreement, exports grew. - Sliced bacon (1 pound): $1.92 ($3.56 in todays dollars) - Sliced bacon (1 pound): $0.43 ($6.70 in todays dollars) - Potatoes (10 pounds): $0.86 ($13.40 in todays dollars) GDP decreased by 3.4% and unemployment was 5.6%. - White bread (1 pound): $0.17 ($1.64 in todays dollars) - Fresh eggs (1 dozen): $0.45 ($7.01 in todays dollars) - White bread (1 Businesses began wartime production and a myriad of jobs opened up, including for women who joined the lines at defense plants as welders, electricians, and riveters. - Sliced bacon (1 pound): $3.38 ($4.66 in todays dollars) It also raised taxes on gas, Social Security, and corporate income, as well as extended limits on discretionary spending. - Fresh grocery milk (1 gallon): $2.88 ($4.23 in todays dollars).
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