Carbon dating is used to determine the age of biological artifacts up to 50,000 years old.
This technique is widely used on recent artifacts, but educators and students alike should note that this technique will not work on older fossils (like those of the dinosaurs alleged to be millions of years old).
Nitrogen atoms high in the atmosphere can be converted to radiocarbon if they are struck by neutrons produced by cosmic ray bombardment.
The rate of bombardment is greatest near the poles, where the Earth's magnetic field is dipping into the Earth and therefore does not deflect incoming cosmic rays.
The surplus "bomb" radiocarbon is just one of the effects human have had on the ratio of C.