By Betsy J. Green
Here’s what $1.25 would get you 100 years ago in Santa Barbara: relishes, celery, ripe olives, turkey gumbo soup, shrimp salad, roast turkey with celery dressing, cranberry sauce, hot mince pie, plum pudding with hard sauce, and your choice of coffee, milk, and/or tea.
The Splendid Cafe was a new restaurant back in 1920. The cafe was only here during the 1920s. Its location at 623 State Street is now a Vans clothing store.
Have a safe Thanksgiving, everyone!
This is a good example of what currency devaluation (sugar-coated as inflation) does. It makes any money you have have less buying power–including any due you in the future such as a pension or retirement fund. In order to ‘goose up’ consumer purchases, our currency has been disconnected with asset of stable value, first gold, then silver. It is now only based by the “good faith” of the government: Translation; it’s worth what politicians and Federal Reserve bankers say it’s worth. (BTW: the Federal Reserve is a consortium of bankers and not the government.)