Receipt, Intercollegiate Travel Bureau, Round-Trip Transatlantic Voyages 1932
Receipt that itemized a round-trip voyage to Europe for Mr. and Mrs. David S. Kane via the S.S. Hamburg and S.S. Deutschland of the Hamburg-American Line in 1932.
No. DR 51158
INTERCOLLEGIATE TRAVEL BUREAU, INC.
"Strengthened by 32 Years of Progressive Experience"
Tours, Cruises, World Travel Specializing in Conducted Student Tours and Pre-Arranged Independent Tours
Main Office in the United States:
500 Fifth Avenue, New York
N.W. Corner 42nd Street
All Telephones: LOngacre 5-3360
New York, April 11th, 1932
Received from Mr. and Mrs. David S. Kane the sum of Fifty and no/100 dollars ($50.00) as deposit to secure membership in tour. The steamer accommodations to be assigned are:
- Steamship: Hamburg
- Sailing on or about: June 23, 1932
- From New York to Southampton
- Class: Tourist
- Room 204 Berth All
- Adults: Two Children None
- Ledger 5026/7 I.T S/S Only
- Tour No. ____ Account ____
- Steamship: Deutschland
- Sailing on or about: July 14th 
- From: Hamburg to New York
- Class: Tourist
- Room: 280 Berth: All
- Adults: Two Children: None
Intercollegiate Travel Bureau, Inc.
by /s/ Signature unreadable
Round Trip ocean passage: $160.75
U.S. Revenue Tax: $5.00
Sup for E.B. $5.00
Total Round Trip: $170.75 (for each)
Relative Worth of $170.75 of 1932 Dollars in 2011
In 2011, the relative worth of $170.75 from 1932 is:
|$2,810.00||using the Consumer Price Index|
|$2,390.00||using the GDP deflator|
|$8,190.00||using the unskilled wage|
|$10,300.00||using the Production Worker Compensation|
|$17,600.00||using the nominal GDP per capita|
|$43,900.00||using the relative share of GDP|
In 2011, the relative value of $170.75 from 1932 ranges from $2,390.00 to $43,900.00.
A simple Purchasing Power Calculator would say the relative value is $2,810.00. This answer is obtained by multiplying $170.75 by the percentage increase in the CPI from 1932 to 2011.
This may not be the best answer.
The best measure of the relative value over time depends on if you are interested in comparing the cost or value of a Commodity, Income or Wealth, or a Project. For more discussion on how to pick the best measure, read the essay "Explaining the Measures of Worth."
If you want to compare the value of a $170.75 Commodity in 1932 there are three choices. In 2011 the relative:
real price of that commodity is $2,810.00
labor value of that commodity is $8,190.00(using the unskilled wage) or $10,300.00(using production worker compensation)
income value of that commodity is $17,600.00
If you want to compare the value of a $170.75 Income or Wealth, in 1932 there are three choices. In 2011 the relative:
historic standard of living value of that income or wealth is $2,810.00
economic status value of that income or wealth is $17,600.00
economic power value of that income or wealth is $43,900.00
If you want to compare the value of a $170.75 Project in 1932 there are four choices. In 2011 the relative:
historic opportunity cost of that project is $2,390.00
labor cost of that project is $8,190.00(using the unskilled wage) or $10,300.00(using production worker compensation)
economy cost of that project is $43,900.00
Source: Measuring Worth, http://www.measuringworth.com/uscompare/relativevalue.php Values retrieved on 29 April 2012.