Growing Up In America Series – Measuring Decline By Prices

In 1939, the year I was born, gasoline was ten cents per gallon. A new car cost $700. A new house cost $3,850, and the average rent was $28 per month. Harvard tuition was $420 annually. A loaf of bread from the bakery was eight cents. Hamburger was 14¢ per pound, eggs were 19¢ per dozen, coffee was 40¢ per…

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