In the Anton Chekhov play Uncle Vanya, Vanya said that the whole estate was bought for 95000 rubles. How much money would that be in today's market?

up vote 4 down vote accepted

Approximately 100,000,000 roubles.

This is not a straightfoward conversion due to fluctuations in the value of the rouble after the collapse of communism.

This historical currency converter runs up to 2015 and makes various calculations based on the comparison of the value of important goods and services. It has this to say about the conversion:

95000 Russian rouble [1880-1917] in year 1897 could buy the same amount of consumer goods and services in Sweden as 83676035.7401576 Russian rouble [1998-2015] could buy in Sweden in year 2015. This comparison should be used if the purpose of the analysis is to compare absolute worth over time rather than relative worth.

Another way to compare the worth of money in different periods is to estimate how much labour power an amount of money could buy. 95000 Russian rouble [1880-1917] in year 1897 was the amount a male worker in Sweden received in wage for 685682.3116743009 hours work. A male worker in Sweden in 2015 received 1031940763.8783861 Russian rouble [1998-2015] in wage for 685682.3116743009 hours worked. This comparison should be used if the purpose of the analysis is to compare relative worth over time rather than absolute worth.

95000 Russian rouble [1880-1917] in year 1897 could buy 72486.53282777914 gram gold. The price of 72486.53282777914 gram gold in year 2015 was 164057467.64390242 Russian rouble [1998-2015].

95000 Russian rouble [1880-1917] in year 1897 could buy 2479039.422710049 gram silver. The price of 2479039.422710049 gram silver in year 2015 was 75838147.48275831 Russian rouble [1998-2015].

The value for goods and services - 83,676,035 - seems like an appropriate one to use.

According to this other conversion tool, which doesn't go back to 1897, inflation since 2015 would make that amount worth 104,500,640 roubles today.

Your Answer

 

By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service, privacy policy and cookie policy, and that your continued use of the website is subject to these policies.