Posted by JD Seller on December 09, 2014 at 15:56:30 from (208.126.198.123):
In Reply to: Grocery Prices 1960's posted by El Toro on December 09, 2014 at 12:09:47:
Yes the prices from about 1945 until the late 1960s did not change a terrible lot.
I think it was mainly do to the fact that the dollar was linked to gold. Meaning the money supply of the US had a dollar of gold for every dollar in circulation. Then from about 1970 to finally 1976 the government went off the gold standard. So the dollar really does not mean much. It is really just an imaginary thing that floats up and down.
I can remember the inflation of the 1970s and 1980s. The prices of many common things double in just a few years.
I can remember buying Campbell's soup for 5 cents a can. Did not buy any meat or fish. We had beef and pork from the farm an did not eat fish unless we caught it. Never had store bought bread until the late 1970s.
I remember getting paid at the feed mill on Saturday. My Grand Dad would come and pick me up so I could bring home the groceries for my Mother and then my wife an I. $20-25 would buy the store bought food for two house holds for a week.
Now it takes $100-150 a week just for the wife and I anymore.
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