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Ancient Finances

Exploring finances in times of the Viking Age, Roman Empire, and Alexander the Great.

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Tag: wages/compensation

Viking Era

Viking warfare – downside risks and upside rewards from pillaging – 3/

Posted on January 11, 2021January 11, 2021

For description of the dangers of raiding and looting along with the upside rewards, we can look at comments in Norse Warfare: A Portrayal of Combat, Raids, and Plunder in the Viking Age by Martina Sprague. This post continues in a series of discussions of comments from the book. Losses from sailing during the Viking […]

Pirates

Can we compare wages of merchant ship captain in the Pirate Era compare to today?

Posted on August 17, 2020August 27, 2020

How do we roll forward those financial amounts we read of during the pirate era to provide some sort of context for what those amounts represent today? One of the best way to do so is to compare wages or earnings today to a wages at a previous point in time. Other ways are to […]

Pirates

Specific data points of pirate loot and wages during the Pirate Age.

Posted on August 13, 2020July 24, 2020

Since this website focuses on ancient finances, I am going to dive deeper into the financial amounts I can find from the Pirate Age. I will try to develop some ways to interpret values from back then in terms of what we can understand today. Reason I do this is we have no frame of […]

Pirates

Value of Spanish silver dollar and British pound during the Pirate Age? Part 2 of 2

Posted on August 10, 2020August 27, 2020

  Continued discussion of the value of coinage during the pirate era. Part one is here So how do we understand British pounds circa 1600? A fun website called Life in Elizabethan England, provides background on coinage. One page provides basics of Money and Coinage. Most significant piece of information is that there was no […]

Other eras

Military pay rates during World War Two compared to 2019

Posted on December 18, 2019December 18, 2019

What were the pay rates during World War Two in contrast to pay rates in the U.S. military today? What is the ratio of today’s pay compared to WWII? The Navy CyberSpace website provides 2019 U.S. Military Basic Pay Charts. That same web site also helpfully provides 1942-1946 U.S. Military Pay Charts. Both pay scales […]

comparison data

Pay rate for privates in each of America’s wars

Posted on December 16, 2019December 16, 2019

Pay for American soldiers during each major war is provided by We Are the Mighty. Their article, This is how much troops were paid in every major American war, provides the pay for a private in the major wars fought by the U.S. The then-current pay is also adjusted to an equivalent amount of money […]

U.S. Civil War

Prices of slaves on the Eastern Shore of Maryland before the Civil War – Part 4

Posted on December 9, 2019December 9, 2019

This series of posts focuses on the prices of slaves and some of the economics of the slave system as discussed in the book Bound for the Promised Land: Harriet Tubman: Portrait of an American Hero, by Kate Clifford Larson. First post:  introduction, why discuss prices, manumission Second post: term slave, status of children Third […]

U.S. Civil War

Prices of slaves on the Eastern Shore of Maryland before the Civil War – Part 3

Posted on December 5, 2019January 3, 2020

This series of posts focuses on the prices of slaves and some of the economics of the slave system as discussed in the book Bound for the Promised Land: Harriet Tubman: Portrait of an American Hero, by Kate Clifford Larson. First post:  introduction, why discuss prices, manumission Second post: term slave, status of children Prices […]

U.S. Civil War

Prices of slaves on the Eastern Shore of Maryland before the Civil War – Part 2

Posted on November 27, 2019December 9, 2019

This series of posts focuses on the prices of slaves and some of the economics of the slave system as discussed in the book Bound for the Promised Land: Harriet Tubman: Portrait of an American Hero, by Kate Clifford Larson. First post:  introduction, why discuss prices, manumission Term slaves Another grim aspect of a slave […]

U.S. Civil War

Prices of slaves on the Eastern Shore of Maryland before the Civil War – Part 1

Posted on November 25, 2019December 9, 2019

Bound for the Promised Land: Harriet Tubman: Portrait of an American Hero, by Kate Clifford Larson provides the first adult biography of Harriet Tubman published since 1943. I read the book after watching the new movie Harriet. I heartily recommend both the book and the movie. If you want to add another hero to the […]

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American Civil War (6) coins (15) comparing wages/prices across time (25) construction/time/cost (14) economic development (2) hoards (9) money (21) Old Testament (4) population (3) prices (22) ships (17) travel cost/time (3) Ulvog farm (15) wages/compensation (19) weaponry (16) weights (3)
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