Given that large part of my collection of spanish reales/escudos/maravedís are from 1750s-1800s I was always wondering what somebody could buy with a 1 real, 2 reales, 4 reales, 8 reales and with a golden escudo back in the last half of 18th century.
Is there any thread about it or any page or article that I could find information?
Thank you in advance.
The reference Idolenz has provided you tells that the price of a dozen of eggs was 2&1/2 reales in 1775 in Spain, and a meter of linen 8 reales. The wage of a carpenter was 6&1/2 reales/day.
Those years the Real was the main currency used in international trade.
Referee for Spain, Iberia (ancient), Suebi Kingdom and Visigothic Kingdom
Quote: "zegeri"The reference Idolenz has provided you tells that the price of a dozen of eggs was 2&1/2 reales in 1775 in Spain, and a meter of linen 8 reales. The wage of a carpenter was 6&1/2 reales/day.
Those years the Real was the main currency used in international trade.
Ιnteresting! So how much euros for 1 real in late 18th century?
When we go over the labour power route and use the average salary of a Spanish carpenter as of 2019and use the value of 6.5 real from the other source ... we get a value of 11,12€ per Real in 1775.
"This comparison should be used if the purpose of the analysis is to compare relative worth over time rather than absolute worth."
Quote: "Idolenz"When we go over the labour power route and use the average salary of a Spanish carpenter as of 2019and use the value of 6.5 real from the other source ... we get a value of 11,12€ per Real in 1775.
"This comparison should be used if the purpose of the analysis is to compare relative worth over time rather than absolute worth."
Seems too much for such a small coin!
Another question that has just came to my mind: Were the reales provinciales accepted in the Americas and the reales nacionales in Spain?
It's interesting to consider how much poorer people were in those days and how much scarcer the resources if available at all. That alone makes comparing a modern currency with the situation such a long time ago difficult.
Even if you are a relative poor person in a developed country in 2019, probably no way you would want to swap with a rich merchant of the 18th century. Could you imagine 18th century healthcare? Or the work needed to get some food on the table?
Depends on what developed country you are poor in, for example a poor American wouldn't be that much worse off health coverage wise (maybe missing some cheap meds). Also rich merchants were often richer than the local nobility.
Status changed to Solved(johntgr, 13 Aug 2020, 13:14)