How much did food cost in 1666?

Answer 1

Take the amount of dollars you spend on groceries now and divide that by the spot price of gold per ounce. Then multiply that amount by 20 ($20 an ounce of gold in 1776 more or less). So let's say you spent $4000 a year on goceries now, then the equivalent cost in 1776 would be $4000/$899 (spot gold price per ounce as of Jan 23 2009) = 4.44. Take 4.44 multiply by $20 = $88 per year for food in 1776. The higher cost of food now is soley due to the inflation of prices caused when the dollar went off the gold standard in 1932 or so during the FDR administration. Until that time, prices had been mostly stable for the past 100 years. Since then, prices have risen between 5% to 7% per year (on average) due to a paper Fiat currency issued by the private bak called the Federal Reserve Bank.

Answer 2

Well, in 1700, people bargained to get there food like trade a sheep or cow for a 4 galons of milk or they would trade some lettuce for parsnips or apples because in the 1700, they had no money and everyone was very poor. :)

Answer 3

You did not buy milk by the gallon back then, you got milk by milking a cow.

Answer 4

That's much too general. What food exactly?

Answer 5

The cost of foods in India is too low at that time... We now bought 1kg rice minimum in 20INR IN THAT TIME IT COSTS 2-3INR

Answer 6

50 cents