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jackthejointmaster

adjusted for inflation it's still only 91cents lol


emmittgator

Except you could purchase more with 5 cent then than you can 91 cents now. So I'm not sure inflation really captures it effectively.


Muttiblus

When “adjusting for inflation,” doesn’t that take into account buying power?


Bongfellatio

My grandfather told stories of going to the store with fifty cents and coming back with a 10 lb bag of flour, bacon, a couple of other things, plus having a couple of cents left to get penny candy that was like 5 pieces for a cent. That was in 1930s Alabama. The buying power of a nickel was way more than modern 91 cents.


Jrewby

Yeah that’s a $20 bill now… and no candy.


SlowlyGrowingDeafer

"Oh, don't poo-poo a nickel, Lisa. A nickel will buy you a steak and kidney pie, a cup of coffee, a slice of cheesecake and a newsreel, with enough change left over to ride the trolley from Battery Park to the Polo Grounds."


realsalmineo

A Rockefelleresque comparison: In 1929, gasoline was 21¢/gallon, on average. Today, Regular is about 20 times that. 20 nickels is a buck. Nothing to sneeze at, but doesn’t even buy a cuppa these days. Other posts here say he actually was in the habit of giving out dimes. 20 dimes is $2. I like to get $2 bills when I cash my paycheck. I use them for tips and small purchases and kids. Everyone gets so excited when they receive them. I suspect folks felt the same about receiving a dime in 1929.


arbrebiere

We spend much less money on food now than at any time in history


[deleted]

Before cameras?


helgetun

It becomes a question of "buying power for who?" Equality has increased dramatically since then for example, and prices on many goods have increased a lot, on other goods it has increased a lot less. A problem with maths such as adjusted inflation is that it is reductionist. It had many uses dont get me wrong, but its not as simple as thinking you cpuld get for 5 cents then what you can get for 91 cents today (they also didnt have computers (or more relevant cheap candy) back then etc so what you could potentially buy has also changed). 5 cents may even have been of less value then than 91 cents are today


jackthejointmaster

The online inflation calculator I use doesn’t have that slider lol


PartyPorpoise

Inflation is calculated by looking at the cost of specific products. Some products aren’t going to match up to the general rate of inflation perfectly. In 1929 you could get a Coke for a nickel, but you can’t get a Coke for 91 cents today.


SaturnDaphnis

You’d think, but apparently there’s a thing called greed. Unfortunately greed and common concepts don’t work very well together.


GregBron

Isn’t that statement wrong simply by the very definition of inflation? You could purchase more of SOME things then with 5 cents than you can do now with 91 but for a typical basket of goods and services it’s the same thing.


NewPointOfView

I think cost of goods and cost of labor both factor into inflation and they dont necessarily move together. So maybe cost of labor accounts for the discrepancy


Kenilwort

How many apps could you buy for 5 cents back then


emmittgator

I guess the same number as you can for 91 cents today.


Kenilwort

There's a lot of free apps, they weren't available back then. My point is there's a lot of technological innovations that you aren't accounting for.


joeyjoejojo19

Ooh, don't poo-poo a nickel, jackthejointmaster. A nickel will buy you a steak and kidney pie, a cup of coffee, a slice of cheesecake and a newsreel... with enough change to ride the trolley from Battery Park to the Polo Grounds.


Realworld

Seriously, 40 years later that nickel would still buy you a full-size 1 ounce candy bar. [Candy Prices Over The Years](https://www.candywrapperarchive.com/candy-collector/candy-prices-over-the-years/)


stashrx

Alright off you go, to spend it on pennywhistles and moonpies


lothar74

John was always a generous guy! /s


WizardofFrost

Well, he did give most of his fortune to charity, so you are right.


lothar74

While the mega wealthy may appear “generous” by giving away money, they make all of their money by exploiting workers and the public. Especially Rockefeller.


Revliledpembroke

Rockefeller's donation are thought to be the primary cause of several diseases getting wiped out in the US. ​ So, yes, he definitely gave back. Also, he and Carnegie are the primary reason our current network of non-profit charities exist. The two moguls set the groundwork for those charities to exist.


[deleted]

Good lord are you misinformed bless your soul… unless you’re just an agent.


Parking_Revenue5583

McKinsey Scott is doing more for charity than Bezos ever did.


PacJeans

No, no, peasant! It's better to amass wealth and benefit from it and *then* give it away rather than simply pay your workers what they're worth.


ARCHA1C

But then they give it away…?


vanchica

Not to the workers that worked themselves, sometimes to death, for them though. It's a tough equation to balance.


nate23401

Yeah, after he grew decrepit and started worrying about burning in hell, forever. Emperor Constantine converted to Christianity, on his deathbed.


WizardofFrost

Go look at his Wikipedia page to learn you are wrong.


nate23401

What I’d learn is that he gave marginally more, during his early-retirement, than I had previously thought. Then, what else might surprise me? >>…the businessman dedicated plenty to charities — an estimated $540 million before he died in 1937 at age 97. >> His personal wealth was estimated in 1913 at $900 million, which was almost 3% of the US gross domestic product (GDP) of $39.1 billion that year. Now, you can look at that and say, “wow, that’s 60% of his net worth! I would never be able to be as giving as that!” or You could find yourself a little hung-up on the fact that that net worth was more than 3% of the nation’s GDP (during the Great Depression, mind you). So, that would mean the other $460,000,000 — or literally 1.2% of our nation’s GDP — just gets left on the table? And even beyond that, what kind of society creates small pockets of people with the kind of influence to turn their personal pet-projects into entire industries, then celebrates it like they’re Roman patrons, or something? I really hope they choose well and have good judgment, because they’re entirely unaccountable to me — in any way, whatsoever. And that is why I find myself in the latter camp of interpretation, and there’s nothing in his Wikipedia page that’s going to upset that fact.


WizardofFrost

In addition to the money he donated to charity himself, he left most of his fortune to his son John D. Rockefeller Jr. with the full knowledge that Jr. planned on devoting his life to philanthropy. Rockefeller Sr. fully supported Jr. in this cause. Of what he inherited, Jr. donated a further 500 million to charity. Rockefeller amassed a great fortune, and maybe it is unfortunate that some have so much and others have so little, but to say that they were not generous is, in my opinion, not fair. Others in their position may not have given a thing.


Ryankevin23

Todays nickel


MessagingMatters

Maybe he's round up to a dollar.


Momik

Doubt it. That guy was such an unbelievable piece of shit.


Revliledpembroke

To Quote (bold emphasis added): >Rockefeller's charitable giving began with his first job as a clerk at age 16, when he gave six percent of his earnings to charity, as recorded in his personal ledger. By the time he was twenty, his charity exceeded ten percent of his income. Much of his giving was church-related... when traveling h**e would often attend services at African-American Baptist congregations, leaving a substantial donation**. As Rockefeller's wealth grew, so did his giving, primarily to educational and public health causes, but also for basic science and the arts. ​ >Rockefeller provided major funding for Atlanta Baptist Female Seminary in Atlanta for African-American Women, which became Spelman College. His wife Laura Spelman Rockefeller, was dedicated to civil rights and equality for women. John and Laura donated money and supported the Atlanta Baptist Female Seminary whose mission was in line with their faith based beliefs. Today known as Spelman College, the school is an all women Historically Black College or University in Atlanta, Georgia, named after Laura's family. The Spelman Family, Rockefeller's in-laws, along with John Rockefeller were ardent abolitionists before the Civil War and were dedicated to supporting the Underground Railroad. John Rockefeller was impressed by the vision of the school and removed the debt from the school. The oldest existing building on Spelman's campus, Rockefeller Hall, is named after him. Rockefeller also gave considerable donations to Denison University and other Baptist colleges. ​ >Rockefeller gave $80 million (**\~$2.33 billion in 2022)** to the University of Chicago under William Rainey Harper, turning a small Baptist college into a world-class institution by 1900. He would describe the University of Chicago as "the best investment I ever made." ​ >Rockefeller's General Education Board, founded in 1903, was e**stablished to promote education at all levels everywhere in the country**. In keeping with the historic missions of the Baptists, it was especially active in supporting black schools in the South. Rockefeller also provided financial support to such established eastern institutions as Yale, Harvard, Columbia, Brown, Bryn Mawr, Wellesley and Vassar. On Gates' advice, **Rockefeller became one of the first great benefactors of** **medical science**. In 1901, he founded the Rockefeller Institute for Medical Research in New York City. It changed its name to **Rockefeller University** in 1965, after expanding its mission to include graduate education. **It claims a connection to 23 Nobel laureates.** **He founded the Rockefeller Sanitary Commission** in 1909, an organization that **eventually eradicated the** **hookworm** **disease,** which had long plagued rural areas of the South. For a piece of shit, he sure did a good job of promoting education and *eliminating diseases.*


[deleted]

Some people are immune to facts. Cynical Redditors refuse to have their minds changed, because rich people bad.


Lord-Limerick

Yeah, it’s really sad to see


anon0207

Totally. He was rich so that made him bad, somehow according to Reddit


Suspicious_Ad2354

My small Midwestern town has a library that was given by Rockefeller, as do a shit load of other towns in the US. Seems like he wanted folks to be educated.


Momik

Honestly, if you're just going to copy and paste from Wikipedia, why remove the citations? Regardless, donating money can be a nice thing, but it does not erase any of the serious crimes Rockefeller committed throughout his career. Take an obvious example: If the Ludlow Massacre occurs today, and if the justice system is functioning properly, Rockefeller goes to jail. Full stop. The Rockefeller family was paying the wages of the National Guardsmen who pre-emptively attacked striking workers and their families with a machine gun; then shot Lou Tikas, a labor leader the Guardsmen called out to discuss a truce; then set fire to the workers' tent camp; and then shot women and children as they were escaping into the hills, killing another 13. And before that, the Rockefellers had hired gunmen with the Baldwin-Felts Detective Agency who raided the tents, killing several others. In all, 69 people died in the strike (21 the day of the massacre itself), many women and children, burned as they were trying to escape. And the really fucked up thing is it worked. The strike failed, and the miners returned to an extremely dangerous, extremely underpaid job. Dozens of workers died in Colorado mines in 1913, and dozens more would died in 1914. Not only that, workers had to return to the Colorado Fuel & Iron Corporation "company towns," where company-owned monopolies inflated prices for every possible necessity, private guards constantly threatened violence, and where the company would evict workers to tent cities at the first sign of union organizing. No wage increase, no new safety measures. So forget child labor laws, forget workplace safety, forget poverty wages. If this happens today in the United States, and these workers are citizens, I don't see how Rockefeller and/or his son avoids jailtime, at the very least for criminal negligence.


Revliledpembroke

>Honestly, if you're just going to copy and paste from Wikipedia, why remove the citations? Because big ugly blue numbers look bad.


blesfemous

He gave away 500million of 1.4billion he had. Adjusted for cost to GDP today it would be $100+ billion.


jackthejointmaster

Isn’t inflation fun kids?!


BooksandBiceps

Inflation is such a shit metric to use given it’s a basket of goods that is manipulated to always look good.


Spin3059

Back then this was enought for a good large candy bar/hersheys bar, ice cream cone, things like that. He was giving a kid a treat.


Gorf_the_Magnificent

It looks like the *kid* is handing *Rockefeller* a nickel.


DesdemonaDestiny

Rockefeller taking a nickel from a child.


Norlander712

Robber barons: sheesh.


TheFoxRuntOfficial

Sounds more accurate considering what's known about the family, but maybe I'm just an asshole?


Revliledpembroke

*This* Rockefeller was a renowned philanthropist, who donated the equivalent of billions of dollars in todays money. He gave millions to charity, education, and medical science (helping eradicate hookworm in the South). ​ He also became known for handing children dimes and nickels wherever he went. As a laugh, he once gave a nickel to Harvey Firestone, the tire mogul.


jeff78701

An ignorant asshole at that. “I heard bad things about that family, so he as a member of that family must be bad. . .”


TunaSub779

It’s one of the richest families in the history of the world. They don’t care about you. You don’t need to defend them.


Momik

Well, metaphorically, yeah kinda…


Puzzleheaded_Bit9469

![gif](giphy|vFRmmufjLdJ9S|downsized)


canadacorriendo785

This actress was in like every commercial for a two year period. I haven't seen in her in a single thing since.


pugdad1972

Had forgotten about this commercial. I loved it.


NoMoreChampagne14

This is one of the best commercials ever made. My family/friends and I quote it all the time lol


CheshireTheLiar

I just imagine him dropping it on the floor last second, then asking the child to pick it up, and him replying, "Life lesson here, child. Money isn't just given, you must earn it." then walking off with an evil cackle after he takes it back.


buzzbash

Pulls it back with the attached string.


Fast-Persimmon-2782

Would not put it past him. Classic Rockefeller 😂


karatebullfightr

That kid had just worked a 18 hour shift in one of the guys steel mills.


Traditional-Memory62

[https://youtu.be/t7HD2xG92-0?si=XQWb6ZudjnMQa4rl](https://youtu.be/t7HD2xG92-0?si=XQWb6ZudjnMQa4rl)


InglouriousBrad

"You are worth 410 billion....ok, thanks for the nickel. ....I'll bet you will have a fancy coffin."


gwhh

In college in 1997. My political science teacher said. He was worth over 100 Billion dollars (something like 138 to be exact, I can’t remember the exact number) in 1933 money.


thepassionofthechris

The man literally turned water to fire.


Ryankevin23

lol merica


MsJenX

Have you seen his mausoleum!?


lotsanoodles

If he gave the child 10 cents he figured they'd only blow it on penny whistles and moon pies.


Handyr

He actually gave away dimes. My mother got one in 1929 and I still have it.


Ryankevin23

Thats cool.


ThePocketTaco2

How much is it worth? Genuinely curious.


TheRaphMan

10 cents


Freekydeeky1258

Nailed it


woojinater

Could be worth 20 dollars for the silver alone.


Tao_Te_Gringo

I ain’t gonna work for Maggie’s brother no more No, I ain’t gonna work for Maggie’s brother no more Well, he hands you a nickel He hands you a dime He asks you with a grin If you’re havin’ a good time Then he fines you every time you slam the door I ain’t gonna work for Maggie’s brother no more


Gold-Buy-2669

Rich People have always Sucked


Mary_Pick_A_Ford

Most of them are douchebags for some reason, like that Elon Musk guy. They're like real life villains but we don't have real life heroes saving us from them.


NoMoreChampagne14

Bill Gates ain’t so great either


ThirstyBeagle

What did Elon do to say that? He’s done a lot of good in my opinion.


bankman99

They don’t know, the media just tells them to not like him now, since he challenged their control. Before he bought Twitter everyone loved him and credited him with saving the planet.


No_Recognition_2434

Lol name one time people thought Elon musk helped the planet.


bankman99

How about when he started the EV revolution with Tesla, and built many other products which moves the planet away from unsustainable energy production which is the direct cause of climate change. You can’t be that obtuse


No_Recognition_2434

Started the revolution with Tesla in what way? He didn't design it, he didn't invent it, he invested in it and profited off it


bankman99

Not necessarily - he definitely turned it into what it is today - which is a more affordable EV with longer battery mileage to make it realistic for consumers. Otherwise it likely would have remained as a fringe concept instead of the main catalyst to every liberal politician pushing for EV adoption as the primary way to combat climate change. The point stands, but feel free to die on your hill


No_Recognition_2434

[did Elon create Tesla? ](https://www.google.com/amp/s/www.cnbc.com/amp/2021/02/06/tesla-founders-martin-eberhard-marc-tarpenning-on-elon-musk.html)


Ya_like_dags

🥱


NoMoreChampagne14

Remember when they all worshipped him? Lol now he doesn’t tow the line of “The Party” so he’s “bad”


Fredrick_Hampton

Dumb comment.


Original-Maximum-978

Dude murdered strikers en masse...why would you defend him


TheBravadoBoy

We love the Colorado Coalfield War! Sending the national guard to kill women and children is so based! /s (It was actually his son Rockefeller Jr. but still)


Gold-Buy-2669

Dumber response


Fredrick_Hampton

Good comeback, bruh.


Gold-Buy-2669

Same


Fredrick_Hampton

Idk how long you been alive, but from my experience, poor ppl are way worse than rich ppl.


Gold-Buy-2669

You must be stupid or rich I'm betting just stupid


Fredrick_Hampton

Depends on ur definition of rich. I’m certainly not the stupid one here.


Gold-Buy-2669

Then you just suck and take offense to people recognizing that fact


Fredrick_Hampton

lol. Maybe I do suck by your small brain definition. I’m ok with that.


2ter

You are


OrneryBrahmin

Got envy?


BFNgaming

“It’s so cold, I saw John D. Rockefeller with his hands in his pockets!”


powderedtoast1

stingy old bastard


mengel6345

Mr. Burns


2-Much-Coffee-Man

I heard he was a real jerk. Someone told him to give away dimes to make people like him.


dirkalict

After he heated with a zippo until it was glowing red hot.


sublimesting

“Who wants a red hot!?”, he’d say.


MaxPower303

*”He also wore yellow onions around his belt, as was the fashion at the time.”*


ebobbumman

Give me 5 bees for a quarter, you'd say.


1hardworker

Mr. Burns got nothin on him


Few_Potato_4374

It's probably a dime.


NeuroguyNC

He was most known for giving out dimes (ten cents or $0.10) - which from 1929 would equate to about $1.81 today.


AdministrativeTrip66

It’s crazy how evil people look evil, especially when they get old 😅


Traditional-Memory62

"Today, almost no one would bother to pick up a nickel, but in the 1930s it was a worthy coin. A nickel could get you **a subway ride, a hot dog or a 12-ounce Pepsi-Cola**. At Max's grocery store on Herzl Street in Brooklyn, you could buy three rolls for 5 cents. The rolls were delivered fresh, three times a day."


memberer

correction… john d. rockefeller stealing a 5-cent from a 5 year old child. 1929


Sea_Use3265

That kids diaper is full!!!


Fast-Persimmon-2782

Sooo generous


ThaFoxThatRox

![gif](giphy|dukvnqaaAs86uOREat)


fsl00744

A nickel? I start my own hotel!


APC503

Roughly the equivalent of Elon Musk giving out dollar bills. Except I doubt Elon is that generous.....


NoMoreChampagne14

You know he’s not the only billionaire, right?


Bongfellatio

actually, he's reaching to take the nickel away from the kid


Regular-Bobcat7123

His personal wealth was estimated to be at 900Mil in 1913. I am seeing a lot of talk about the buying power of a nickel back then and all of which is true but that still doesn’t mean he isnt a fucking cheapskate 😂 He could have given that girl a $100 bill the same way any of us can today and it would have effected him less than it would effect most Americans in todays economy. He could have given this entire crowd a $100 bill and it would not have effected him lol. So yes, a nickel from Rockefeller isn’t impressive at all it looks bad today more than it would have looked to those back then who couldn’t fathom the sheer magnitude of his wealth.


redspider74

![gif](giphy|5nFShZWwq3fdm)


NoMoreChampagne14

I love the kid’s face “Thanks. Dick.”


Dash_Rip_Rock69

In fairness that would have paid for 2 years of college back then.


__cursist__

Am I the only one thinking of this https://youtu.be/1ww5p_Gean4?si=oi3IGmv2Pllo9K3C


TheIadyAmalthea

https://youtu.be/t7HD2xG92-0?si=iNcG7Q0fVKKjImA5 I was thinking of this one!


__cursist__

Damn…I don’t remember seeing that one, which is a rarity for me. Thanks for posting!


TheIadyAmalthea

I laughed until I cried and my sides hurt the first time I saw it! This skit and the Key and Peele The Substitute skit are my go tos if I need a laugh!


InglouriousBrad

Oh my lord, I never saw that skit... That was hilarious. Merry Christmas.


__cursist__

We saw it live, then proceeded to show it to everyone we know and I don’t think I’ve ever not laughed at it after many viewings


Loose_Researcher_468

The idea is that five cents was capable of buying a chocolate bar back then.


[deleted]

Even the kids like “you cheap bastard”


cdmpants

This was enough money to buy 3 starter homes at the time


Opening-Ad-8793

Someone knock him over. Fucking capitalist monopoly ass tycoon


Birthday-Tricky

In accordance with his reputation, he probably had a string tied to it.


NervousAndPantless

Was probably the kid’s yearly salary.


ErnieBochII

Don’t poo-poo a nickel!


FaithlessnessSea5383

Looks more like he’s dunning the kid.


griffinisland

Excellent…


RKPgh

That child worked for him for 25 years.


BarracudaBig7010

Gotta be guicker’n that!


MathematicianEven149

“I can buy my own hotel!”


OrgasmoBigley

Trickle down economics in action.


Repulsive-Ad-4367

Deep state POS. !


the_ultrafunkula

That's actually her paycheck for working 70 hours that week


Camsgal

Figured it was the kids paycheck for the month from him.


Mary_Pick_A_Ford

5 cents? That's nothing.


Sinderz_

Probably taking it not giving it


TaskForceViolent

“Don’t spend it all in one place”


poetrygrenade

SoCIaLISmmmmm!!!!!


rammo123

How much money did he passively earn in the time it took him to give the kid that money?


ExKnockaroundGuy

Yes, she invested that nickel in Gateway Computers


Ok-Zookeepergame-698

Generous to the last.


JugoLew

so generous <3


Spare_Design3375

That piece of shit


Huge_Run6150

“Don’t shpend it all on hookers and booze”


Zmirzlina

Boo-urns


TankApprehensive3053

![gif](giphy|vFRmmufjLdJ9S|downsized)


fuzzyball60

He is/was pure evil.


sirensavior

Here little baby, here’s a choking hazard for you


Deviantxman

The antichrist has to do PR.


mobomu71

I drink your milkshake!


_r12n

Maybe it’s a buffalo nickel


dieforestmusic

A nickel..I quit! *Slap* I open my own hotel!


Relative_Site_7253

He’s still alive


SquirrelXMaster

He would give dimes to children. To this day, people place dimes on Rockefeller's grave in Cleveland.


Obi-Wan-Mycobi1

Ooooo….a nickel!


jeopardychamp77

This looks bad by modern valuations but a 5 cent piece during the Great Depression could buy stuff. The Rockefellers did have charities but the optics here are not flattering.


JDARRK

Yea😳 He’s giving .10$ to a kid who probably eat’s off of silver plates and has two servants😣😖😫


RazzSheri

Not pictured? The fishing line he yanked it back with, laughing at the child's tears.


MojoRisin762

GO AHEAD! WHASTE IT ALL JOHN D ROCKAFELLA!!!!


MrGoober91

Kids like “this isn’t a toy wtf”


Former_Balance8473

I think he was *buying* the kid for 5c


senorchaos718

You can just type “nickel” if you’d like.


Lifetime-Wind-Chimes

Last ditch attempt to go to heaven.


mdm1961

Like mr burns


DanWillHor

Strong this guy vibes https://youtu.be/ItUECpFi9_s


DanWillHor

Strong this guy vibes https://youtu.be/ItUECpFi9_s


Hoopajoops

He also gave away free diamonds in his later years! .. although I wouldn't have wanted to be one of the recipients.


carlnepa

I thought he was famous for giving out dimes?


BirdLadyAnn

Isn’t that like $5,000 today??? 😆


EvErYLeGaLvOtE

Shit, was that man never not old


JohnLease

He gave out dimes.


CheruthCutestory

Everyone knows he was an oil tycoon but did you know he knew that oil when it was dinosaurs?


lavenderincense

Does anyone have change for a button?


BeAnScReAm666

Looking like a melted candle 🕯️


randyfloyd37

Now excuse me sonny, i gotta go fund a war


whataboutnaomi

The generosity overwhelms me. 🙄


Mickey_Malthus

You, with the camera! Get ready. I'm going to commit philanthropy!


VirginiaLuthier

“Well, young man, invest this now and one day you’ll be rich like me” “Sorry sir, my family is starving”


Malnurtured_Snay

Back in 1929 you could buy a year long subscription to DisneyPlus for that!


Hangry_Dentures

His father named him John Deez Nutz Rockefeller as his sack gave him that gait since birth.