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Originally Posted by em2nought
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You forgot inflation. For example $10 million in 1913 dollars is $238.5 million in 2015 dollars. I didn't find inflation calculator capable of going back to 1780 but that loan was huge back then.
EDIT: ...or perhaps not. I didn't take into account the fact that U.S. was new republic back then so estimating value of 1780's dollar in today's dollars isn't that straightforward. Anyway directly comparing $10 million dollar loan back then with construction costs in today's dollars is misleading unless I misread you and that $10 millions is in today's dollars.
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Last edited by kraznyi_oktjabr; 04-20-15 at 12:39 PM.
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