History - OnThisDay - January 23rd 1571 - Royal Exchange in London

On January 23rd. 1571, the Royal Exchange in London was
opened by Queen Elizabeth I. She awarded the building a
royal title and the licence to sell alcohol. The exchange of
goods took place till the seventeenth century.

Royal Exchange - London - own picture taken in 2016


Building history

Richard Clough, a merchant and agent of Queen Elizabeth I
suggested to build the exchange in 1562.

In 1666, the Great Fire of London destroyed the complex.
A second complex was built on the site. Edward Jarman was
the designer. It was opened in 1669, but a fire destroyed it
again in 1838.

The building that we can see nowadays was built by
William Tite. It was officially opened on October 28th. 1844
by ... Queen Victoria.

The Royal Exchange is now a retail center with shops like
Hermès, Tiffany & Co etc.
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