John Kenneth Galbraith was interviewed once and described his life at
Harvard in the 1920s when he like most others was paid only a few hundred
dollars a year (something over $300 if my memeory serves). He said that the
salary was low even for the times but that he could afford to run a car.
----- Original Message -----
From: "Rickard A. Parker" <[log in to unmask]>
Eliot's 1922 award was the Dial's second. The amount was $2,000.
That amount and the list of winners is at a site on the Dial:
Rainey's "The Price of Modernism" essay uses an exchange rate of
£1=$5. At this exchange rate, $2,000 is the equivalent of £400.
From Rainey's essay:
$150 from the Dial for the poem
$2,000 Dial prize
$580 royalties for Liveright (U.S.) book
$100 guess on Hogarth book royalties
for a total of roughly $2,800 for the early returns on TWL (giving one
modern equivalent of $115,000.) Also Rainey says this was about 2.5
times the salary of the executive secretary of Vanity Fair.) He also
states that the per capita income in the U.S. at the time was $750.