Historical Cost and Prices
Note: Multiplying historical U.S. prices of the period by 15 will result in an approximate value in today's prices. To appreciate the enormous sums with which he was involved and to evaluate Ivar Kreuger it is necessary to factor out inflation. This is done in the text by giving the approximate value in today's money in parentheses. Rather than showing the source used after every conversion into today's values it is provided in this section.
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Famous quotes containing the words historical, cost and/or prices:
“Historical! Must it be historical to catch your attention? Even though historicity, like notoriety, denotes nothing more than that something has occurred.”
—Franz Grillparzer (1791–1872)
“Now that is the wisdom of a man, in every instance of his labor, to hitch his wagon to a star, and see his chore done by the gods themselves. That is the way we are strong, by borrowing the might of the elements. The forces of steam, gravity, galvanism, light, magnets, wind, fire, serve us day by day and cost us nothing.”
—Ralph Waldo Emerson (1803–1882)
“The earth only has so much bounty to offer and inventing ever larger and more notional prices for that bounty does not change its real value.”
—Ben Elton (b. 1959)