IQ Challenge: How much did the first phone call cost?
Phone Call Question:Technology has a way of dropping in price over time. Today the cost of using a telephone is reasonably affordable for most people but back when the first trans-Atlantic call between New York and London was made on January 7, 1927, a three-minute call cost a pretty penny. How much did it cost in 1927 dollars?
Phone Call Answer: $75AT&T charged a whopping $75 for the first three minutes on that first trans-Atlantic telephone call. In inflation adjusted dollars for 21st century, that's almost $1,000 or half the price of a car in 1927. Today that same call over the Internet is essentially free.
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