Using constant

**2002 dollars**,**0.049 USD**(1776) = 1 USD(2002) =**1.266USD**(2011), so the model would estimate that $1 in 1776 would yield a value of**$22.22**in 2002, which would then yield 28.13 in 2011 when adjusted for inflation using the same conversion estimates. http://oregonstate.edu/cla/polisFurthermore, how much is a pound worth in the 1800s?

(3) Pound Sterling (Col. 1) adjusted by C.P.I. (Col. 2). In 1800 one British Pound was worth

**$4.44**(U.S.). In 1988 terms, after adjusting for inflation, the 1800 Pound would be worth**$30.62**(U.S.).What was a lot of money in medieval times?

The other

**currency**used was that of a promise, which was used in large-scale transactions. The most common coin throughout the**middle ages**was the small silver penny (pfennig) or denarius. During that**period**, there was also the pound, which was 20 schillings and a schilling, which was 12 pence.What was the currency in Middle Ages?

The standard unit of currency since medieval times has been the

**pound**(£). A**pound**was 20 shillings (s), and a**shilling**was 12 pence (d, for denarius or the Roman penny), so a**pound**also was equivalent to 240 pence.