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The United States fifty-dollar bill (US$50) is a denomination of United States currency. The 18th U.S. president (1869-1877), Ulysses S. Grant, is featured on the obverse, while the U.S. Capitol is featured on the reverse. All current-issue $50 bills are Federal Reserve Notes . As of December 2018, the average life of a $50 bill in circulation ...
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The current 50- dollar note is predominantly red in colour and is printed on polymer (plastic), not paper. In addition to being more durable than the cotton-based paper they replaced, the new notes are also more secure. It was introduced into circulation on March 26, 2012 and is part of the new Polymer Series (2011).
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The Nixon shock refers to the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon in 1971 in response to increasing inflation. [1] [2]
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