Because of inflation.. what was $50 back in 1950 equivalent to today?
$50 in 1950 money is $408.65 in today's money.
Something that cost $50 today would only cost $6.12 in 1950.
There are a lot of converters for this kind of thing out there, just google "CPI converter" (CPI is the measure of inflation).
For these numbers I used:
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