Why did the cost of postage go up in the early 1900s?

Why did the cost of postage go up in the early 1900s?

This plot shows that, despite the rise in the nominal cost of a first-class stamp, the adjusted cost of the stamp has stayed relatively stable. The large jumps in the early 1900s are because a change by a single penny was large compared to the cost of the stamp.

What was the price of a postage stamp in 1919?

On Nov. 2, the price of a first-class stamp rose to 3 cents from 2. In July 1919, the price returned to 2 cents. It was the worst of the Great Depression: Not a great time to be raising the price of postage stamps, one would think.

What was the cost of a postage stamp in 1970?

Four postal rate increases between 1971 and 1978. A first-class stamp that cost 6 cents on New Year’s Day 1970 would cost 15 cents by the decade’s end. The digital age arrived in a big way for the post office during the Reagan era.

What was the price of a first class postage stamp?

As a result, the Post Office retained one cent of the price change as a previously allotted adjustment for inflation, but the price of a first class stamp became 47 cents: for the first time in 97 years (and for the third time in the agency’s history ), the price of a stamp decreased. ^ Smoot, Frederick. “Early United States Domestic Postal Rates”.

How much does a postage stamp cost per decade?

The cents-per-decade column has been added for clarity, to show the acceleration of postage stamp prices in recent decades. US Postal Rates Over Time Historical Cost to Mail A Letter Year Postal Rate/ Postage Stamp Denomination In-crease in Cents Cents In-crease per Decade

This plot shows that, despite the rise in the nominal cost of a first-class stamp, the adjusted cost of the stamp has stayed relatively stable. The large jumps in the early 1900s are because a change by a single penny was large compared to the cost of the stamp.

On Nov. 2, the price of a first-class stamp rose to 3 cents from 2. In July 1919, the price returned to 2 cents. It was the worst of the Great Depression: Not a great time to be raising the price of postage stamps, one would think.

As a result, the Post Office retained one cent of the price change as a previously allotted adjustment for inflation, but the price of a first class stamp became 47 cents: for the first time in 97 years (and for the third time in the agency’s history ), the price of a stamp decreased. ^ Smoot, Frederick. “Early United States Domestic Postal Rates”.

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