What was 250,000 rubles worth in 1918?
Upvote:0
The Australian Reserve Bank has an online inflation calculator that can be used for amounts going back to 1901 CE. The Bank of England has a similar calculator that can be used for amounts going back to 1209 CE. New Zealand has one for amounts to 1862. Even Iran has one for amounts going back to 1936.
Websites for Russian inflation only go back to 1991 or 1992.
One thing that could be done is to try to get a comparison for Russia for amounts from 1918 CE is to compare the cost of a group of items back then and now. Items such as: a loaf of bread, a pair of shoes, if possible, a house or dacha for the wealthy, the salary or an office worker or the wages of a factory worker.
Upvote:1
Assuming gold pricing (why steal paper rubles) combined with long term labour:gold proxies (USD gold values compared USD labour prices):
- 2022USD: 100-140,000 in labour time
- 2022USD: 400,000 in capital goods (factories, governments, etc)
- 2022USD: 6.4 million in free beers*
*This sum calculated by liquidating 400k of capital as if it were to buy free beers based on the beer/capital transformation in the US economy from 1918
You’re looking at a small local business worth of rubles which if liquidated in a one off purchase of household goods could make a shitload of rural workers in the region very happy for a very short period of time. Basically like robbing a very small regional bank; or ripping off 40 automatic teller machines worth of skilled worker outputs.
It isn’t a significant expropriation.
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