The American dollar is no longer worth what it used to be.(Dreamstime)
The American dollar is no longer worth what it used to be.
(Dreamstime)

Why the U.S. Dollar Constantly Loses Value

November 24, 2006  •  From theTrumpet.com
Today, you would need over $2,000 to buy the same amount you could have bought in 1913 with just $100. There is a reason.
 

Ever wonder why your dollar doesn’t seem to stretch as far as it used to? There is a simple explanation: It’s worth less. The reason for that is, the nation’s money supply is constantly being expanded.

Between 1783 and 1913, the U.S. dollar was a real store of wealth. Except during war-time periods, inflation within the U.S. was essentially zero. If you saved one dollar in 1800, a hundred years later you could still purchase approximately the same amount of goods with that dollar.

The rest of this article is available to Trumpet online account holders. Signing up is quick and free of charge with no obligation. To get started, please click the button below.