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Joined: May 2002
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Interesting trivia regarding the origin of ‘two bits’ from Spanish pieces-of-eight can be read at http://www.nctimes.net/news/2001/20010318/aaaa.html . For a concise history of currencies used in the US from its earliest days try this: http://www.ex.ac.uk/~RDavies/arian/northamerica.html .
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Joined: Jul 2002
Posts: 8,443 Likes: 3
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Just an aside, Is it just me or is money the world over becoming more and more valueless?. The reason I ask this, is because, when I was growing up in the 70's, you very seldom ever heard the figure "$million", used very often, but these days, it seems everything is counted in millions (or Billions, for that matter), or has the price of everything sky-rocketed that much, over this time!(take the price of houses, for example). What are your thoughts on this?.
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Joined: Sep 2002
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Trumpy, normally the inflation and economic growth will mean that people will have more money each year. The only exception I know of is Japan, where prices and wages go down.
By the way, few million liras don't make you a rich man. Italians have had a hard time getting used to money being worth something since they changed from the Lira to the Euro. The exchange rate is 1940:1, if my memory serves me. The Turkish lira is worth even less.
Some countries have chosen to delete a few zeros from the bills and coins, just to make the currency look like it is worth something.
[This message has been edited by C-H (edited 07-01-2003).]
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Joined: Aug 2002
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Joined: Apr 2002
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Trumpy, the answer is inflation. On average prices in the US rose just over 4% per year from 1950 to today. This means that $799 dollars today is worth what $100 was in 1950. $125,000 in 1950 would buy what $1,000,000 will buy today. If you want to be as rich as a 1950's millionaire, you now need 8 million, so keep working.
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Joined: Aug 2001
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Joined: Aug 2001
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There are different designs of Scottish bank notes . And here are the designs of all the old Irish bank notes: http://www.centralbank.ie/notesandcoins.asp Their "A" series design seems to have lasted a very long time -- From 1928 (a few years after independence from the UK) right up until the 1970s! As an aside (and perhaps getting back on topic a little ), for any of you who do small jobs and accept payment in cash, will you accept foreign currency?
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Posts: 75
Joined: June 2012
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