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A grand ain't worth what it used to be. Every year around this time, MONEY takes stock of the economy and tries to answer the question: What’s the best thing to do with $1,000 right now. Researching this year’s ways to put a grand to work (or play) got us thinking about the power of $1,000 in years past. com on September 21), here’s a look back at 10 things that used to cost a stack, and what the equivalent items cost today. Its 1922 Light Six model cost just under $1,000. If that sounds like a pretty good deal for a middle-of-the-road car even back then, you’re right—it’s around $14,000 in today’s dollars. To put the Studebaker price into perspective, a Rolls-Royce Silver Ghost cost around $12,000 at the time, and an entry-level Ford Model T could be had for $395. Everybody knows colleges haven’t always carried those enormous $50,000 price tags, but... The march upward had begun: T If today you wanted to buy a Steinway B, the company’s second largest piano, you would need to pony up almost $100,000. But at the turn of the 20th century, the world’s best 7-foot piano cost only $1,000. Adjusting... Source: time.com
