In Hening 's Statutes vol 10 pp 471-474 [ November 1781] there is an  
act that establishes the rates of depreciation by month starting in  
Jan 1777 and ending in December 1781 that might prove useful. See too  
462-68 for the same scale for pay for officers and men etc--Mick  
Nicholls
On Jan 16, 2009, at 7:30 AM, Tarter, Brent (LVA) wrote:

> Netti Schreiner-Yantis asked the other day about Revolutionary War
> inflation. A recent Web site contains some general information and
> references to some of the leading scholarship:
>
> http://mises.org/story/1273
>
> When it comes to attempts to translate currency values for the
> eighteenth century into twenty-first century values, I have always
> believed that was a more misleading than helpful exercise because what
> was valuable and available then isn't now. What is more interesting is
> to use whatever standards of value were employed at a given time to
> compare items of merchandize, rates of taxation, personal prosperity,
> and the like to get a better informed sense of how a person or a  
> family
> or a group or a place stacks up against others.
>
> $0.02 American (such as it is, these days) from
>
> Brent Tarter
> The Library of Virginia
> [log in to unmask]
>
> Please visit the Library of Virginia's Web site at
> http://www.lva.virginia.gov
>
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