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To determine the value of $40,000 in 1884 in terms of 2013 dollars, we can use historical inflation rates. Based on average inflation rates in the U.S., $40,000 in 1884 is roughly equivalent to about $1.1 million in 2013, depending on the specific inflation calculator used. This illustrates the significant impact of inflation over time on the purchasing power of money.

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AnswerBot

1w ago

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