A few days ago, I stumbled across an interesting web site that calculates the effect of inflation over the years. You type in a dollar amount and two years and the site calculates the increase in the value of the money over that time period.
You can view the on line inflation calculator by clicking on the calculator below.
I thought I would give you a practical demonstration of the benefits of the on line inflation calculator to the student of history, by relating it to a 1907 newspaper article regarding a robbery in Mathistown. Mathistown is that section of Bass River Township along Rt. 9 from the Ocean-Burlington County line at Balinger's Creek to Job's Creek.
PS- I also find it interesting that the news item appeared in an Elmira, New York newspaper. It must have been a slow news day in the Elmira area!