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Virginia quickly followed suit and authorized the printing of $500 and $1,000 notes on October 16, 1780 and $2,000 notes on May 7, 1781. High-denomination treasury notes were issued, for example during the War of 1812 ($1,000 notes authorized by an act dated June 30, 1812). [6]

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Value of $1,000 from 1800 to 2023. $1,000 in 1800 is equivalent in purchasing power to about $24,418.33 today, an increase of $23,418.33 over 223 years. The dollar had an average inflation rate of 1.44% per year between 1800 and today, producing a cumulative price increase of 2,341.83%.. This means that today's prices are 24.42 times as high as …

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