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Posted By: Gene Palmer

Being the curious sort that I am I did a conversion for the Eddie Collins 1920 contract to see what $12,000 would equate to in 2005. Here's what it came out as...

In 2005, $12,000.00 from 1920 is worth:

$116,946.11 using the Consumer Price Index
$93,237.77 using the GDP deflator
$402,217.48 using the unskilled wage
$608,194.44 using the nominal GDP per capita
$1,691,023.87 using the relative share of GDP

Here's a link to the site if anyone is interested-

http://www.measuringworth.com/calculators/compare/