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Acknowledgment is now considered the American spelling, but it was preferred in all varieties of English until recently. It’s not necessarily older, as instances of both spellings are easily found in texts going back to the 16th century when the word entered the language. But as shown in this ngram , which graphs the use of both forms in British books, magazines, and journals published from 1800 to 2000, British writers once favored acknowledgment by a wide margin, and that form gave way to the longer spelling toward the end of the 20th century: