Rating: 8,6/10 (400 votes)The Royal Exchange Theater is an old Victorian building in the center of the British city of Manchester. The appearance of the stock exchange in the city is historically justified by the development of the textile industry. The cotton trade initially took place in Liverpool, where raw cotton was sold and bought, and in Manchester, where deals were made for finished goods and yarn. The first exchange was opened in Manchester in 1792 and existed until the end of the century. The new exchange was built in 1809 and expanded significantly in 1849. The cotton trade flourished and Manchester was named the"City of Cotton". Soon a third exchange was built - in 1867-1874. This building housed the largest trading floor in Britain. Reconstruction work in the third building of the exchange was carried out in 1914-1931. During the Second World War, the Manchester Royal Exchange was badly damaged by bombing. The building was renovated, the trading floor was reduced, the upper tiers of the clock tower were simplified. In 1968, trading on the Exchange was stopped, the building was under threat of demolition. Until 1973, it was empty. In 1973 a theater company rented the building. Three years later, the Theater of the Royal Exchange was opened here. In 1996, in a terrorist attack, for which the Irish Republican Army claimed responsibility, the building was again damaged by a bomb explosion. Urban legends say that ghosts live in the building of the Royal Exchange. One of them is the ghost of actor and director J. Maxwell, the other is a lady in a Victorian costume.
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Topic: Royal Exchange Theater in Great Britain, Manchester Resort.