Commemorating the 50th anniversary of the 1956 Hungarian revolution, this monument was made by the Artist Group iy and was inaugurated at 19 hours 56 minutes on 23 October, 2006.
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Closing an angle of 56 degrees, the triangular-shaped blocks forming the monument are made of more than 2000 iron columns in a wedge format. The highest point is 8 meters. The columns are made of made of iron or stainless steel that grows a special rust on it.
The square was renamed to "56ers Square" from its earlier name "March Square".