Put another way, it was a few weeks worth of the average salary for a railway or steel worker of the era (https://ahundredyearsago.com/2012/09/17/average-salaries-191...).
That said, I do think there is a market for quality products in a 10-20x price range, products built to last instead of built to be cheap and good enough for a couple years.
That said, I do think there is a market for quality products in a 10-20x price range, products built to last instead of built to be cheap and good enough for a couple years.