Thanksgiving dinner today at the Plaza Hotel is more affordable today than in 1899, despite those appealing looking prices on the menu
Don’t Let Nominal Prices Fool You (Thanksgiving Edition)
When you see prices from the past, especially the distant past, your normal reaction is perhaps one of envy or nostalgia. Take for example the Thanksgiving menu from the Plaza Hotel in New York in 1899. As you browse the menu, note that the prices are in cents, not dollars. The most expensive items on…
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