How much was money worth in 1913?

In 1913, the United States was on the gold standard, and the economy was characterized by relatively low inflation. The purchasing power of a dollar was significantly higher than it is today; for example, $1 in 1913 would be equivalent to about $30 today, depending on the specific measures of inflation. Basic goods and services were much cheaper, with a loaf of bread costing around 5 cents and a gallon of milk approximately 35 cents. Overall, money held greater value in terms of purchasing power during that time.