Inflation: Since the late 18th century, inflation has gradually eroded the value of money over time, meaning that the purchasing power of 10,000 dollars then would be significantly greater.
Exchange Rates: There was no fixed exchange rate between different currencies as we have today. The relative values of currencies fluctuated based on supply and demand, trade conditions, and political factors.
Cost of Living: In the 1700s, general living expenses, such as food, clothing, and housing, were relatively lower than they are today. However, it is worth noting that the availability and quality of certain goods might differ significantly from modern times.
Industrial Revolution: The United States was in its early stages of development, and the Industrial Revolution had not yet fully transformed production methods. This means that many items were crafted by hand or with simpler technology, affecting their relative value.
Labor Wages: Wages for labor in the 18th century were typically lower compared to modern standards. As a result, the purchasing power of 10,000 dollars would stretch further in terms of hiring laborers or purchasing labor-intensive goods.
Trade Routes and Transportation: Transportation was more challenging in the 18th century, and global trade routes were less developed. The availability and accessibility of goods could vary drastically based on location, further influencing prices and the value of money.
Overall, 10,000 dollars in 1776 would have been a substantial sum, allowing individuals to purchase a significant amount of goods and services compared to the average person's income at the time. However, its precise value would depend on various economic factors and regional differences, making it difficult to provide an exact quantification.