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Agent's Receipt and Record - Boston to Liverpool - 3 June 1912

Agent's Record, Cunard Steamship Company, Outward Second Cabin Ticket, 1912

Agent's Receipt and Record of a Second Cabin Ticket for an Eastbound voyage on the new Cunard Laconia from Boston to Liverpool, England. The Agency was located in Boston, Cunard Building on 126 State Street.

Agent's Receipt and Record Summary

  • Date of Purchase / Voyage: 3 June 1912 / 25 June 1912
  • Steamship Line: Cunard Line
  • Steamship: SS Laconia
  • Route: Boston to Liverpool
  • Ticket Type: Agent's Receipt and Record
  • Voyage Class: Second Cabin
  • Name on Contract: James Bartholomew
  • Etnicity of Passenger(s): British?
  • Contract Terms: Not Stated
  • Cost of Ticket: $52.50 / $1,450.00 USD in 2020

 

Agent's Receipt and Record Details

Cunard Steamship Company, Limited

Outward Second Cabin Ticket No. 31040

Sold on 3.Jun.1912

For Second Cabin Passage in the Steamship Laconia

To Sail 25.Jun.1912

Passengers' Name: James Bartholomew

Age: Not given

Other Notations: E 41/1 (Berth Number)

1 Adult, 0 Children, 0 Infant

Amount Paid: $52.50

Booked to Liverpool

15.Jun.1912

Information on Document

  • Date: 1912 June 3
  • Agent Receipt No. 31040
  • Dimensions: 10 x 19.68 cm

Relative Cost of Passage Ticket in Today's Currency Value

In 2020, the relative values of $52.50 from 1912 ranges from $1,030.00 to $29,100.00.

simple Purchasing Power Calculator would say the relative value is $1,450.00. This answer is obtained by multiplying $52.5 by the percentage increase in the CPI from 1912 to 2020.

This may not be the best answer.

The best measure of the relative value over time depends on if you are interested in comparing the cost or value of a Commodity, Income or Wealth, or a Project.

If you want to compare the value of a $52.50 Commodity in 1912 there are four choices. In 2020 the relative:

  • real price of that commodity is $1,450.00
  • real value in consumption of that commodity is $2,950.00
  • labor value of that commodity is $7,220.00 (using the unskilled wage) or $9,140.00 (using production worker compensation)
  • income value of that commodity is $8,390.00
  • economic share of that commodity is $29,100.00

If you want to compare the value of a $52.50 Income or Wealth , in 1912 there are five choices. In 2020 the relative:

  • real wage or real wealth value of that income or wealth is $1,450.00
  • household purchasing power value of that income or wealth is $2,950.00
  • relative labor earnings of that commodity are $7,220.00 (using the unskilled wage) or $9,140.00 (using production worker compensation)
  • relative income value of that income or wealth is $8,390.00
  • relative output value of that income or wealth is $29,100.00

If you want to compare the value of a $52.50 Project in 1912 there are four choices. In 2020 the relative:

  • real cost of that project is $1,030.00
  • household cost of that project is $2,950.00
  • labor cost of that project is $7,220.00 (using the unskilled wage) or $9,140.00 (using production worker compensation)
  • relative cost of that project is $8,390.00
  • economy cost of that project is $29,100.00

Source: www.measuringworth.com Samuel H. Williamson, "Seven Ways to Compute the Relative Value of a U.S. Dollar Amount, 1790 to present," MeasuringWorth, 2022.

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