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Date: | Tue, 20 Sep 2011 18:28:03 -0700 |
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In both the 1860 & 1870 federal censuses, census takers were to obtain
the value of each household's real estate & personal property. This
must have been self reported.
Is there some formula for determining the real losses between those 2
census years that takes inflation into account?
In depth research would be most interesting here. A major drop in real
property value could probably be accounted for since a major factor in
the value of land would be the number of able-bodied slaves working the
property. A paying market for whatever the land was producing would
have been necessary.
As for personal property, can a sharp decrease in value be due to
depressed prices, damages & losses during the war or little market for
personal items?
I would love to hear what our scholars of 19th century VA history and
econ have to say on this subject. Links to formal research would be
great too.
Many thanks, Judith B. Gabor
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