What was the value of the dollar in 1907 compared to today?

In 1907, the value of the U.S. dollar was significantly higher compared to today due to inflation and changes in the economy. To give a rough estimate, $1 in 1907 would be equivalent to about $30 to $35 today, depending on the specific inflation measures used. This means that the purchasing power of the dollar has decreased markedly over the past century. Factors such as economic growth, changes in consumer goods, and monetary policy have all contributed to this shift.