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This real-world memorial is a remembrance of Paul Revere's "Midnight Ride", in which he rode the countryside on a horse informing the people and local militia of Massachusetts that the British Army was on the move to Concord.
The British troops, led by Thomas Gage, were on their way to Concord to destroy The Minutemen's weapons and ammunition as well as capture Samuel Adams and John Hancock. The Battle of Lexington and Concord would happen the next day.
The Paul Revere Monument appears only in Fallout 4.