In 1934 a dollar was worth 1/20th of an ounce of gold; $20 bought an ounce of gold. Today a dollar is worth 1/742nd of an ounce of gold, meaning it takes $742 to buy one ounce of gold.
In the long term the dollar price of gold represents past inflation of the money supply. Few Americans know nor seem concerned that the 1913 pre-Federal Reserve dollar is now worth only four cents. But, apparently Violet is aware of the shrinking value of the dollar.
She was at the flower shop with her mommy and she found the money kept on hand to make change. About $100, mostly ones and fives. Violet had trouble holding onto the big wad of money in her little hand, and accidentally dropped a lot of the bills on the shop floor. She looked down at the "mess" she had made and said, "Uh-oh." But, no problem. Being the good little girl that she is, she began to clean up the mess she made by picking up the bills and throwing them in the trash can.
After all, it's just paper.
1 comment:
So sweet that she was cleaning it up. She made a mess, she took care of it. All on her own.
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