When I was in school in the early 1940's, I am almost certain that I was taught that one million was one thousand multiplied by one thousand, and that one billion was one million multiplied by one million. Now it appears that one billion is now one million multiplied by ONE THOUSAND. Can anyone please tell me when the laws of mathematics were changed - and on who's authority? And please tell me if I am wrong!
There's still confusion over this, and it's irresponsible of the media to blithely talk about billions without defining which figure they're talking about. Gets my goat. Grrr!
The 10⁹ version (1,000,000,000) of a billion is I believe the US version and now seems to be the internationally accepted version. In fact I think this has been the case for at least years. When I was at school in the early 70s we were aware of two versions of a billion (10⁹ and the British 10¹²).
I am not aware of anyone who now considers a billion to be 10¹²
A number seems to have disappeared.
It should have said:
The 10⁹ version (1,000,000,000) of a billion is I believe the US version and now seems to be the internationally accepted version. In fact I think this has been the case for at least 30-40 years. When I was at school in the early 70s we were aware of two versions of a billion (10⁹ and the British 10¹²).
I am not aware of anyone who now considers a billion to be 10¹²
I think the American billion became standard back in about the early 70s - thinking back to the last time I heard the UK version used... so I don't think there's any confusion; a whole generation must have been brought up with it since then. I seem to have adapted to it, despite being grey-haired and feeble-minded.
The way that things have altered over the years I am extremely surprised that Great Britain has not become the 51st state of the US, we have to more or less follow everything that happens state side, with successive governments it is a case that when they say jump we ask the question 'how high'.
All the answers are correct but it was not so much a case of slow adoption it was a decision by Denis Healey UK labour chancellor of the exchequer in 1975 to adopt the US billion. ie 1,000,000,000 (UK billion became the new trillion ie 1,000,000,000,000). This was not so important when the numbers were unthinkable amounts (except perhaps in science) but when GDP and debt began to get into the realms of this range it became important that the words were universal.