Juilliard v. Greenman, 110 U.S. 421, 4 S.Ct. Obverse and reverse images have been prepared separately for table preparation purposes. Value of a dollar. Until 1971, the U.S. was on the gold standard. It also estimates the cost of the mulch. 62-63). Act passed June 1780 authorizing Harris and Bowler to sign Rhode Island currency. The Middle ages started around 500 and lasted a 1000 yrs. Enter source year: (1264-1983) Enter target year: (1913-2023) Flynn, David. Cubies, $25 per dried pound. British Pound (GBP) To United States Dollar (USD) This is the page of British Pound (GBP) to United States Dollar (USD) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. [50] "Some think that the rebel bills depreciated because people lost confidence in them or because they were not backed by tangible assets", writes financial historian Robert E. Wright. Specialties: We've proudly served the richly diverse people of Southern California for more than fifteen years. There are 100 pence in one Irish pound. In practice then, colonists used reales, stuivers, cus, thalers and other foreign denominations for their actual currency. Super King takes pride in . Great Britain Pound (GBP) R South Africa Rand (ZAR) $ New Taiwan Dollar (TWD) . See the real-time and historical exchange rate data of 11191 KMF in USD. That would make Reverend Parris 31 pounds worth $5,859. Bills of credit could not be exchanged for a fixed amount of gold or silver coins upon demand, but were redeemable at a time specified in the future. The exact same Bible, not owned by Elvis Presley, is worth $10 or less. A guinea was a gold coin worth 1 pound, 1 shilling. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1692. However, various dealers offer pieces from a wide range of dates at prices ranging from $2,500 to $4,500. This effect explains how inflation erodes the value of a dollar over time. To get the total inflation rate for the 143 years between 1880 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the composite price index published by the UK Office for National Statistics (ONS). Therefore colonial currency values became decoupled from the English standard of the pound sterling. Sustainable Supply Chain Master's, How to convert British Pound Sterling to US Dollar 1 Input your amount Simply type in the box how much you want to convert. [3] The value of each denomination varied from Colony to Colony; a Massachusetts pound, for example, was not equivalent to a Pennsylvania pound. how did the mycenaean civilization develop. With the shortage of silver though, it could be traded at a premium in the colonies. In other words, a dollar will pay for fewer items at the store. Ian Webster is an engineer and data expert based in San Mateo, California. Value at beginning of target year in dollars: $ In short, no. For example, under the 55% "upcrying" in 1705 in Massachusetts an unclipped Spanish dollar was valued at 55% above the sterling rate of 54d (4s6d) which came to 84d (7s) and a full weight Lion dollar of Holland (at 44d or 3s8d sterling) was about 68d (5s8d); thus an article costing 24s could be purchased for one Spanish dollar and three Lion dollars. In the example above, five pounds in 1950 is "worth" anywhere from $85 to $194 in 2000 U.S. dollars, depending on which price index is used and which year the conversion takes place. Calculates the equivalent value of the U.S. dollar in any year from 1914 to 2022. The current exchange rate is equivalent to 0.947. Various characters utilized this dread to profit and they showedselfishness and wrongdoing. Every 100 points that you earn are worth 1 in cash value in-store or online with Boots. This remained the official legislated rate but Spanish American dollars sometimes traded at even above this legislated rate. Over the last 7 days, the best beneficial exchange rate was $2,088.08. 1663 Bradford house for Philip Nelson, size 34'x16', to be built for 200, half of which would be paid in corn and cattle. Ian earned his degree in Computer Science from Dartmouth College. $6 Inflation Calculator. A year ago today, on this day, they provided the equivalent of 1,692.00 pound sterlings for $2,294.78 us dollars, which is $253.55 more than it is now. Uncategorized. United States dollar. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. We haue giuen y parliment above 200 of the Reighnment of Popery [132] besids many other good Bookes, J beleiue to the worth of 20 and they tooke them . There is no longer a shilling, which makes accounting far simpler but makes British money considerably less interesting to foreigners! Althoughthe play is fiction, Miller based the plot of his play on verifiable occasions and his characters demonstrate how suspicion and dread can raise. [1] ( The modern pound follows the decimal system and, since 1971, has been divided into 100 pence.) He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Promissory notes (IOUs) were circulated not only between individuals but within communities, further tying up obligations. Generally, colonial rates fluctuated upward through about 1750. By this same law the more debased Spanish dollars from Peru were given a lower value based on a rate of 80d (6s8d) per ounce of silver. Ft. W6759 Windfall Rd, Wausaukee, WI 54177. Jun 21, 2022 When converted to the value of one British pound Sterling in 2019, goods and services that cost one pound in 1210 would cost just over two thousand pounds in 2019, meaning that. Source: The Central Bank of the Russian Federation (CBR) 2 Choose your currencies Click on the drop-downs to select the currencies you want to convert between. The World Coin Price Guide is a complete catalog of values for World coins from 1600 to date. View historical and today's current inflation rates, using the CPI provided by the United States government. 1355. In 1682 Massachusetts reduced the rate to 66d (5s6d) per Spanish dollar, so it would be on par with Massachusetts silver but in 1692 they once again raised its value back to 72d (6s). 1 TIGRES = 1.70 GBP. There are several ways to do it, but all have their problems. As of 03 March 2023, the current exchange rate of 922 Syrian Pound is equal to 0.543058 Australian dollar. Other colonies followed the example of Massachusetts Bay by issuing their own paper currency in subsequent military conflicts. 1 pence is equal to 0.01 Irish Pounds. This is the page of British Pound (GBP) to United States Dollar (USD) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. Select a date to find out the exchange rate for that day. [57] Morris helped finance the final stages of the war by issuing notes in his name, backed by his personal line of credit, which was further backed by a French loan of $450,000 in silver coins. The Continental Currency dollar was valued relative to the states' currencies at the following rates: Continental currency depreciated badly during the war, giving rise to the famous phrase "not worth a continental". To get the total inflation rate for the 331 years between 1692 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Also, as this was the currently imposed rate, notes issues at this rate were called "Current Money" (not to be confused with the expression "pass current" found on many notes from the middle colonies). The pound had an average inflation rate of 2.53% per year between 1830 and today, producing a cumulative price increase of 12,070.45% . 2 pence is the equivalent of 0.02 Irish Pounds. Nearby homes similar to W7938 Skory Rd have recently sold between $335K to $335K at an average of $205 per square foot. The average price of a quarter of wheat was 40 shillings for over two hundred years, and a quarter of wheat can be turned into (let's say) 350 loaves. Six silver pennies a day (about $1 today). It can also be calculated at 0.2354 x the gold price per troy ounce. The same year, the gold pounds, which contain 0.23 ounces of gold, were sold for GBP 299. It shows the exchange rate of the two currencies conversion. In 1938, 2.49M=$1 or 12.4M=1 means 6000M=$2409= 484. - How much is 6 dollars worth adjusted for inflation? how much was a pound worth in 1692. paths of possession promises in blood . Link to this page - if you would like to link to 1692 British Pound(GBP) To United States Dollar(USD) Exchange Rates. [4] This paper money was issued to pay for a military expedition during King William's War. British Pound US Dollar rate for 10/01/2021. This operated significantly in depreciating the whole mass. The result was the value of these units (pence, shilling and pound) were not on par with Britain and, to add to the confusion, their value differed in different colonies. If we used the sheet set index, then 1 pound then would be worth $80 today, and Reverend Parris 31 pounds would be worth $2,480. Thus the year that the conversion takes place can make a big difference in the results. March 16, 2008. 1 = 441.52 -0.47 (-0.11%) at the rate on 2022-06-22. Answers must be in-depth and comprehensive, or they will be removed. We use the Consumer Price Index (CPI) data provided by the Bureau of Labor Statistics of the United States government. By Staff Writer Last Updated April 01, 2020 While most genuine Spanish doubloons are museum pieces, each one was minted as a 7-gram piece of gold, which at today's rates would sell for about $289. The inflation rate in the United Kingdom between 1956 and 2022 was 2,212.54%, which translates into a total increase of 2,212.54. Annual Rate, the Office for National Statistics CPI. Similarly, the 1992 10p coin could bring in . These acted like government bonds. The current inflation rate page gives more detail on the latest inflation rates. Ian Webster is an engineer and data expert based in San Mateo, California. Maryland actually traded dollars at the proclamation standard of 72d (6s) which was the one third or 33.33% increase over sterling. Use the silver price per pound calculator to learn how much your items are worth per pound of silver, or to decide what you would be willing to pay based on the cost of silver per pound. There was no coin called a Virginia or a Pennsylvania "shilling.". As recently as 2014, 1 was worth $1.70. Find out how much 41 Saint Helena pounds is worth in about New Taiwan dollars. But don't take our word for it. It shows the exchange rate of the two currencies conversion. The pound had an average inflation rate of 3.58% per year between 1880 and today, producing a cumulative price increase of 15,290.97%. It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. Value of a dollar. http://www.learnnc.org/lp/editions/nchist-colonial/1635, http://www.learnnc.org/lp/editions/nchist-colonial/1646, http://www.potterybarn.com/products/farmhouse-canopy-bed/?pkey=cbeds-headboards%7Cwood-beds-headboards%7C&&cbeds-headboards|wood-beds-headboards|, http://www.potterybarn.com/products/pb-organic-400-thread-count-sheet-set/?pkey=csheet-sets&&csheet-sets, http://www.uwyo.edu/numimage/currency.htm. It is fitting to begin this toolbox on the British Atlantic colonies from 1690 to 1763 with the theme GROWTH. 7 mi. The price index for 1985 = 44.6. How much was 10000 pounds 1770? 1 GBP = 1.145. But let's do a few calculations. Creating the U.S. Dollar Currency Union,17481811: A Quest for Monetary Stability or a Usurpation of State Sovereignty for Personal Gain? [5] Pennsylvania, however, was responsible in not issuing too much currency, offering an example of a successful government-managed monetary system. A bullion gold Sovereign is currently worth 351.28 ($ 425.81 / 407.78 ). Press question mark to learn the rest of the keyboard shortcuts, British Atlantic Politics, 17th-18th Centuries. In other words, the purchasing power of 100 in 1956 equals 2,312.54 in 2022. This was the first public paper money issued in the history of Western civilization. For example, if you started with 1, you would need to end with 153.91 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). Rather, in colonial America most silver coinage in circulation came from Spanish America, Spain, the Netherlands, the German States, France and other foreign countries. Dollars, British Pounds, or Euros of 1,600 troy pounds of silver. For example, at the time a 1985 copper-colored 20p piece (the one that depicts a horse) could be worth at least $11,096 (10,000) in an auction. In other words, 1 RM would be worth $7.44 today. Cool!In th. SHP. This appeared to be a simple transplantation of economic units, but due to British colonial policy the situation became quite complex. Ton (metric) to Pound Conversion Table How to Convert Ton (metric) to Pound 1 t = 2204.6226218488 lbs 1 lbs = 0.0004535924 t Example: convert 15 t to lbs: 15 t = 15 2204.6226218488 lbs = 33069.339327732 lbs Popular Weight And Mass Unit Conversions kg to lbs lbs to kg grams to ounces ounces to grams pounds to ounces ounces to pounds 3 gr. These rates varied for each colony based on their manipulations. Before 1947 no single price index exists so the ONS . [8] Shortly thereafter, some colonies once again began issuing paper money. [55] In the 1790s, after the ratification of the United States Constitution, Continentals could be exchanged for treasury bonds at 1% of face value. Every day we hope your family and friends discover that Super King can deliver great quality at low prices! Three months later, on September 27th the value was further increased to 60d (5s) or 11% above the London rate. The continual "upcrying" of silver made bookkeeping difficult but, from the British perspective, what was even worse was that it also induced colonists to keep their silver in the colony where its value was ever increasing rather than to spend it on British imports. One dollar in 1940 is worth $18.60 today. There are 100 pence in one Irish pound. The order is not perfectly chronological because the regal halfpennies of James II (to 1688) an those of William and Mary (from 1692) are contiguous and the Gun Money and related issues (1689-1691) are separated from them. Bedsteads, however, could be made locally by any competent carpenter, from readily available and cheap wood. Breaking down these categories helps explain the main drivers behind price changes. Currency issued at this rate was known as "Lawful Money" as it conformed to the legal statutes. When colonial governments issued too many bills of credit or failed to tax them out of circulation, inflation resulted. "Credit in the Colonial American Economy". Six further commemorative issues followed between 1989 and 1996. When the American Revolutionary War began in 1775, all of the rebel colonies, soon to be independent states, issued paper money to pay for military expenses. You may use the following MLA citation for this page: $1 in 1650 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 24 Feb. 2023, https://www.officialdata.org/us/inflation/1650?amount=1. Expect to pay less for a puppy without papers, however, we do not recommend buying a puppy . Ibis Styles Kensington, The inflation rate in 1692 was -7.69%. Why Are Twin Studies Important In Psychology, How much is platinum? [61] However, in Juilliard v. Greenman the Supreme Court of the United States settled an ongoing and very heated debate on whether this restriction of issuing bills of credit was also extended to the Federal government: By the constitution of the United States, the several states are prohibited from coining money, emitting bills of credit, or making anything but gold and silver coin a tender in payment of debts. Read more about inflation and investment. You may use the following MLA citation for this page: 1 in 1880 2023 | UK Inflation Calculator. Official Inflation Data, Alioth Finance, 4 Mar. U.S. Constitution, Article I, section 10. Federal report states that "the average wages of women in textile factories from 1833-1850 appear to have been $2 a week plus board, which varied from $1.25 to $1.50 a week." The British pound has lost 99.178% of its value since 1830 Updated: June 10, 2022 100 in 1830 is equivalent in purchasing power to about 12,170.45 today, an increase of 12,070.45 over 192 years. 2,020 USD. Length and width may vary from respectively 18 and 8 mm to 60 and 32 mm but averages at 40 and 20 mm (139). If you weigh 130 to 150 pounds, start with 30 pounds. Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. What are Nectar Points Worth? Colonists would receive a numbered bill that matched up to a stub the government kept, which could theoretically be returned, matched up, and paid out in silver (though this was rarely the case because the government also lacked specie). [3] The coins in circulation during the Colonial Era were, most often, of Spanish and Portuguese origin. Arthur Miller's play The Crucible demonstrates the craziness that occurred in Salem in 1692. Couden served as Mayor of Annapolis from 178586 and 179091. 200 GBP = 88,304.55 LKR at the rate on 2022-06-22. This calculator shows inflation during the selected time frame. For example, in Massachusetts in 1704 a British shilling was legislated at 33.33% more than a Massachusetts shilling, so that a British shilling would pass at 16d (1s4d) in Massachusetts, whereas a Massachusetts shilling would be 12d (1s). It was the first English machine-struck gold coin, originally worth one pound . 1692. a century is 100 years, so two centuries would be 200 years. According to the Office for National Statistics, each of these GBP amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1880 amounts in today's pounds, based on the 15,290.97% change in prices: Our calculations use the following inflation rate formula to calculate the change in value between 1880 and today: Then plug in historical CPI values. 62-63). You get: 0.00 720 0.5 Pence coin Ireland This chart shows the average rate of inflation for select CPI categories between 1650 and 2023. But, as you can see from the examples of the bedstead index and the sheet index, all such conversions of old money into todays money are problematical estimations. A male servant in the 1690s made 12 (in local specie) for a year doing work like cutting and carting firewood, making fire, and tending cattle. $100 in 1692 is equivalent in purchasing power to about $8,310.28 today, an increase of $8,210.28 over 331 years. In the example above, five pounds in 1950 is "worth" anywhere from $85 to $194 in 2000 U.S. dollars, depending on which price index is used and which year the conversion takes place. According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1650 amounts in today's dollars, based on the 5,148.60% change in prices: CPI is the weighted combination of many categories of spending that are tracked by the government. When Massachusetts began minting silver coins in 1652 they reduced the British sterling standard by 22% from 92.6 grains per shilling to 72 grains to keep their Massachusetts silver coins in the colony. Convert 1000 TIGRES to 1,692.46 GBP. In Massachusetts, although the Spanish dollar was legislated at 7d (6s), in 1705 it is recorded at trading just under 84d (7s), a 55% increase over sterling (McCusker, p. 132 and Mossman, p. 63). This effect explains how inflation erodes the value of a dollar over time. Most of these concerns were rooted in each colony having different values of the dollar, which made any inter-colony transactions a confusing mess. December 10, 1690 - 1750 The First Emissions Faced with an immediate need to pay expenses relating to a military action against Canada during King William's War, on December 10, 1690 the General Court authorized the issuing of 7,000 in public paper currency. Also, you can make a reverse calculation and find out the current value of 90 Pounds in United States Dollars. "[51] Congress and the states lacked the will or the means to retire the bills from circulation through taxation or the sale of bonds.[52]. During the American Revolution, the Colonies became independent states. These rates were not approved by the Board of Trade but the market value of the Spanish dollar continued to rise; by the 1740's the Spanish dollar was trading at 96d (8s), a 78% increase over sterling (McCusker, 157-159). 1.3989873417722 $. There was extensive and continuous opposition to this law in the colonies. After the American Revolutionary War began in 1775, the Continental Congress began issuing paper money known as Continental currency, or Continentals. In Pennsylvania the Spanish dollar was valued at 72d (6s) in 1683 and rose to 74d (6s2d) in 1693 and then to 94d (7s 10d) in 1700, which was a 74% increase over sterling. Massachusetts was the only colony to mint a significant amount of currency, which it did from 1652-82. Examples were selected based on the notability of the signers, followed by issue date and condition. In 1940, the Pound was pegged to the US Dollar at a rate of 1 Pound to $4.03 US Dollars and many other countries followed, by pegging their respective currencies. Basically, British policy was guided by the supposition that its colonies would contribute revenue and stimulate industrial growth by providing both raw materials and markets for British mercantile expansion. By 1780, the bills were worth 140 of their face value. We use several sources to create our calculator. The current inflation rate compared to last year is now 10.70%. If you entered these values in the correct places, you will find that the "simple purchasing power" answer is 81.19 . Records show that Hopkins and his stooge John Stearne earned 23 pounds (over $5,600 in today's money) from hunting in Stowmarket, England. Or enter the year and the amount to see how much a sum of money now would have been worth in any given year In the example above, five pounds in 1950 is "worth" anywhere from $85 to $194 in 2000 U.S. dollars, depending on which price index is used and which year the conversion takes place. All colonial pounds were of less value than the British pound sterling. Over the last 7 days, the best beneficial exchange rate was $2,050.83. According to the New York Public Library, the assessed value of taxable real estate in Manhattan for 1990-91 was $47 billion. (FLKMLS) 3 beds, 2 baths, 1854 sq. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. A full service supermarket: Produce, Meat & Seafood, Domestic & International Groceries, Deli, Dairy, Frozen Service Deli, Liquor & Service Bakery. [59] Morris also presided over the creation of the first mint operated by the U.S. government, which struck the first coins of the United States, the Nova Constellatio patterns of 1783.[60]. It shows the exchange rate of the two currencies conversion. In return the colonies would be protected by British arms and civilized by British rule. That would make Reverend Parris 31 pounds worth $124,000. 1.00 Pound sterling = 1.13 Euro Conversion result 1 GBP to EUR Rate 1.126911 Website Ex-Rate rounds to the integer, that's why you won't see the impossible results like a long number of kopecks. Current price today June 28th 2011 is 1692 USD per ounce. in plural) was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The Inflation Calculator utilizes historical Consumer Price Index (CPI) data from the U.S. to convert the purchasing power of the U.S. dollar in different years. The colonies then purchased back the more expensive manufactured goods. As there were not enough of these coins in circulation to sustain commerce, the first colonists turned to barter transactions as well as the use of wampum and commodity monies like tobacco as mediums of exchange. SOLD JUN 10, 2022. Live GBP to TIGRES calculator is based on live data from multiple crypto exchanges. The relative value of things has changed so much between now and then, that it makes comparison difficult. The entrance had winter decorations and the music was classic/pop rock. Even though I wasn't staying at Dog Watch Cafe, but rather opting for take out, I felt instantly welcomed in this cozy restaurant. Thereafter, with the exception of the Revolutionary War era, rates somewhat stabilized with New England, Virginia and the south adhering to the proclamation rate of a one third or 33.33% "upcrying" so that a Spanish dollar traded at 72d (6s). How would that translate into money today? He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. The inflation rate in 1880 was 3.30%. [citation needed] The prevalence of the Spanish dollar throughout the Colonies, led to the money of the United States being denominated in dollars, rather than pounds. Saturday 9 January 2021. Swann served as Speaker of the House of Burgesses in 1729. It thinks that a pound in 1700 would be worth about $189 in 2015. Use the silver price per pound calculator to learn how much your items are worth per pound of silver, or to decide what you would be willing to pay based on the cost of silver per pound. New York was somewhat independent and created their own rate of 96d (8s) to the Spanish dollar or a 78% increase over sterling. When 1 is equivalent to 153.91 over time, that means that the "real value" of a single U.K. pound decreases over time. In 1710 the London Board of Trade and the Privy Council allowed a 1708 Virginia law to stand which valued underweight Spanish dollars at 60p (5s) and full weight coins at 65.5p (5s 5.5p), so the authorized "upcrying" of a Spanish dollar in Virginia was still only a 20% increase over the sterling rate (McCusker, 205-206). 4000+ (1692) 4500+ (1300) 5000+ (1001) Price per sq. -----Daryl [4] However, as the colonies began printing their own money, location-based socio economic issues soon followed. The dried mushrooms however are easier to transport, store and distribute so that would bring cost down to about $25 for a pound or $50 for a kilo. There were simply too many of them. Conversion base : 1 $ = 0.71480275063337 IEP. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1650. British Coins of 1692 were those of William and Mary. Congress attempted to reform the currency by removing the old bills from circulation and issuing new ones, without success. Please note that prices for sovereigns after 1978 given above were valid in 2007 when gold prices were much lower. The most widely used currency in the colonies was not an English/British coin but actually the Spanish eight reales piece. Convert GBP to USD at the real exchange rate Converted to 1.00000 GBP = 1.20210 USD Mid-market exchange rate at 14:42 UTC Track the exchange rate Send money The safe and easy way to exchange your money You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. 3 photos. Unlike the earlier act, this act did not prohibit the colonies in question from issuing paper money but it forbade them to designate their currency as legal tender for public or private debts. Convert 1692 British Pound(GBP) to other currencies. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Downing served as Speaker of the House of Burgesses from 1735 to 1739. This means that 100 pounds in 1965 are equivalent to 1,784.84 pounds in 2022. The calculations are approximate and only give a rough guide to the buying power of the pound for goods and services purchased in the UK. The poundwhich, in the Middle Ages, was valued the same as one pound of sterling silverhad 20 shillings, and each shilling had 12 pence (pennies). These coins did not circulate in large numbers. Supervision Of High-risk Pregnancy Of Elderly Multigravida Icd 10, In 1709 Pennsylvania valued the Spanish dollar back to 72d (6s), which was the proclamation rate of 33.33% over sterling, however by the 1742 the dollar was trading at 90d (7s6d), a 66.66% increase over sterling.

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