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Mar 03 2009

By the Numbers (An Invitation)

Published by vetmichael at 8:50 pm under Politics and History Edit This

All teleology, historicism, and interpretations aside, the whole purpose of history as a discipline is two-fold; first, to show change over time and second, to explain why that change occurred. Unfortunately, while many historians - both professional and amateur - can agree on the data that proves change over time, there is furious debate over exactly how or why that change occurred. So, in an effort (ongoing at Fearless History) to show change over time in our collective history, I am presenting some data on America’s culture, economy, and other aspects that are from reputable sources and I am interested in hearing how others interpret that data. I am therefore extending an invitation to all you who visit the site to explain the changes I am producing below. Thank you in advance and I look forward to hearing from you.

NB: All dollars are given in real amounts, not adjusted for inflation. (*) “HC is an abbreviation of “Real Dollars;” this is a measure of inflation in that a baseline of $1 worth of goods in 1900 is measured against what a similar amount of goods would cost in that decade’s dollars.

Median Salary | Median Housing | Cost of RD*

1900: $676           |  $3600                      |N/A

1910: $750           |  $6900                      |1.00

1920: $1236         | $11600                     |2.02

1930: $1368         | $12200                     | 1.69

1940: $1299         | $10000                     | 1.41

1950: $2992         | $24900                    | 2.43

1960: $4743         | $29000                    | 2.99

1970: $7564         | $26600                     | 3.92

1980: $15757       | $47000                     | 8.32

1990: $27809      | $83900                     | 13.20

2000: $55714      | $119,600                  | 17.39

2006: $55238      | $225,300                 | 20.18

———————Resources————————

Historical Archives (online), Lone Star College, Kingwood, Texas

Average U.S. Income Showed First Rise Over 2000 ,”New York Times, 25 Aug 2008

George W. Pasdirtz’s “A State Space Dynamic Modes Model of Health Care Prices, 1900-1950 ” University of Wisconsin, Madison.

Robert M Williams “The Relationship of Housing Prices and Building Costs in Los Angeles, 1900-1953Journal of the American Statistical Association, 50:270 (1955)

1970’s Flashback “, price index

The People History, decade index (1970 , 1980 , 1990 , )

Office of Federal Housing Enterprise Oversight, Housing Price Index (2000 Q1, 2006 Q1 )

Real Estate Cools Down ” CNN/Money, 16 May 2006

The Shrinking Value of a Dollar ” Infoplease

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