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What is the history of the nursery rhyme London Bridge is Falling Down?

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What is the history of the nursery rhyme London Bridge is Falling Down?

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When it became necessary to widen the bridge some 70 years later, this process weakened the bridge’s foundations to the point where it began sinking an inch every eight years. In 1968, it was auctioned and sold for $2,460,000 to Robert McCulloch who moved it to Havasu City, Arizona, where it was rebuilt brick by brick, and finally opened and dedicated on 10 October 1971.

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