I think it depends on the monument, where it is and what means to local people and why it was erected. It isn’t a case of simply memorializing a war.
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Many monuments are also works of art, Stone Mountain for example, or they commerate a particular event at the site of that event or memorialize the loss of lives at the home town of those people. I think all that needs to be considered. What I mean by context is what is written on the plaque.