That's right around the time the "modern" era ended and "post-modern" began. Funny we've been making these errors since basically the beginning of time. Looking at you, New Bridge, the oldest bridge in Paris!
Ish. It's technically correct for BP and radioisotope dating specifically, but other dating methods don't use the same scale like TL. You'll commonly see kiloanni (ka) used instead and that may or may not be referenced to 1950 depending on the whims of the author.