Table 21 

 Factors for Converting 1890-1976 Dollars to July 1977 Dollars 



Multiply dollars from any given year times the factor for that 

 year. The result is July 1977 dollars. 



Sources: Newspaper Enterprise Association. 1977. " The world al- 

 manac and book of facts. "Purchasing power of the dollar." Page 48. 



U.S. Department of Commerce Bureau of the Census. 1975. Histori- 

 cal statistics of the U.S. — colonial times to 1970. Bicentennial 

 Edition. Part 1. Series E-23. Page 199. 



Method: U.S. Department of Commerce (1975) gives wholesale 

 price indices for all commodities 1890-1970. (Note: consumer price 

 indices are not the same.) Newspaper Enterprise Association (1977) 

 gives the same data expressed as a reciprocal divided by 100. If 1967 

 is 100.0, the July 1977 index is 194.9. The factor for each year was 

 obtained by dividing 194.9 by the wholesale price index for that year. 

 E.g., for 1950, 194.9 divided by 81.8 = 2.383. 



