Question

It is difficult for historians to measure how much a dollar in 1850 would be worth today, but an approximate value would be to multiply the cost by about 25. This is shown in the chart on the right. Which statement below best characterizes the prices paid by William Shaw at the mining camp? Much less expensive than expected About the same as expected Much more expensive than expected.

Answer 1

A person who studies, analyses and writes about the past and historical items and persons are called a historian. They investigate and analyze the events of the past and how the human race is connected with all the events.

The price paid by William is much more expensive than expected.

What are the roles of the historian?

• Historians are the people who gather information from the past years and study and analyze the items and details from that to the present year data.

• When the dollar is calculated according to the past and multiplied by 25 depicts that it was more expensive as 25 times more money is paid compared to present times.

Therefore, option C is correct.

Learn more about historians here:

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