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by AnthonyMouse
354 days ago
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The first federal copyright law in 1790: https://copyright.gov/about/1790-copyright-act.html Specified in dollars because dollars had been invented (in 1789), but in the amount of one half of one dollar, i.e. $0.50. That's 1790 dollars, of course, so a little under $20 today. (There was basically no inflation for the first 100+ years of that because the US dollar was still backed by precious metals then; a dollar was worth slightly more in 1900 than in 1790.) That seems more like an attempt to codify some amount of plausible actual damages so people aren't arguing endlessly about valuations, rather than an attempt to impose punitive damages. Most notably because -- unlike the current method -- it scales with the number of sheets reproduced. |
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Statutory damages were added to reduce the burden on plaintiffs. Which encourages people to stay in line. How well this worked out and what it means when some company nobody heard of 4 years ago downloads a billion copyrighted pages and raises $3.5 billion against a $60 billion valuation...
Well suddenly $20/page still sounds about right.