@markmason @Ea7krc @Npars01 @pseudonym Yes, it was probably close to that. A new toaster in 1938 was about $2, the difference is; that toaster still works. I inheirted my grandparents Sunbeam T9. I have had 2 other toasters that have had the wires break in just a few years of use.
Today's manufacturing is based on planned obsolescence.