Between 1861 and 1863, the Civil War caused huge percentage price jumps. Eggs went from 15 to 25 cents per dozen, cheese from 8 to 18 cents per pound, and a bushel of potatoes from $1.50 to $2.25.
But if the prices were actually lower than they were in 1918, why was there so much more economic anger about prices during the Civil War than during World War I? Because during the Civil War, income and wages were doing a much worse job at keeping pace with inflation.
Ostensibly the lesson here for the present day would be that politicians should try their best to insure that wages go up. Yet in 2016, American middle-class incomes reached their highest levels ever, yet the presidential election reflected seemingly the opposite result.
Civil War Food Prices Were Lower Than Those of Today
From Sunday, January 9, 1918
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