Peanuts by Charles Schulz for June 07, 1956
June 06, 1956
June 08, 1956
Transcript:
Lucy leans on the piano as Schroeder plays the piano. She asks, "How much is this Beethoven building going to cost?"<br> <br> He replies, "Six million Deutchemarks." She asks, "How much is that in our money?"<br> <br> He calculates, "One million, four hundred and twenty-eight thousand dollars"<br> <br>She says, "Good Grief! They'll never make it without a G.I. loan!"<br> <br>
This was 11 years after the end of WWII, in one of the most destroyed areas of Germany, the Deutsche Mark had only exsited for seven years (it was released in 1949, replacing the absolutely worthless Reichsmark, which had still been used as currency for four years after the end of the war). The average monthly wage in 1956 was 360 DM, a house cost around 22,000 DM. 6 million DM in 1956 would be 14.46 billion Euros or 17.6 billion USD today. It’s also surprising how much the value of the Dollar has fallen. Today 6 million DM = 3.067.750 Euro (fixed exchange rate) = 3.740.760 USD.