ERIC Number: EJ463217
Record Type: Journal
Publication Date: 1992
Reference Count: N/A
Were Things Really So Cheap in the "Good Old Days"? Using Index Numbers to Determine the Meaning of Historical Prices.
Savage, Tom V.; Armstrong, David G.
Social Studies, v83 n4 p155-59 Jul-Aug 1992
Presents a method of using the Consumer Price Index to give students an understanding of the meanings of price levels in different historical periods. Demonstrates how to figure the actual price of items in the 1920s and 1930s by converting prices to present value. Argues that consumer goods were not cheaper in the past. (DK)
Publication Type: Reports - Descriptive; Guides - Classroom - Teacher; Journal Articles
Education Level: N/A
Authoring Institution: N/A