What was the U.S. dollar worth in the Colonial Period?
A single modern dollar would have had an equivalent purchasing value of approximately $27.40 in 1774, and an unskilled worker could earn $1 in the time it takes a modern equivalent to earn $520. However, the U.S. dollar didn’t technically exist during the Colonial Period, which ended in 1775 when the United States declared its independence, since the U.S. dollar wasn’t approved by Congress until 1786.Source:Measuring Worth: Relative Value of U.S.
