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Jokes and numbers on Columbus era wealth compared to 1929 value
A New York Literary Digest correspondent speculates how 6000 dollars and 1200 pounds deposited in 1492 would grow with a bank rate doubling six times in a century. He cites 1929 value near 500 billion dollars and US wealth estimates around 300 to 400 billion dollars, suggesting North and South America would approach Columbus’s hypothetical European investment.
MENTIONED IN THIS ARTICLE
New York Literary Digest
Government
United States
North
South America
Columbus
Europe