The New Exchange was built by Sir Robert Cecil on the south side of The Strand between York House in the west and the Durham House gatehouse. It was also called Britain’s Burse by James I at the opening ceremony in 1609. A rival to the Royal Exchange in London, the New Exchange in Westminster drew London merchants outside the jurisdiction of the City where they could cater to the wealthy (Borer 157; Stone 96-97, 100, 103; Stow 2:400).
For more information about the New Exchange, see William C. Baer (2007).
Baer, William C.
Early Retailing: London’s Shopping Exchanges, 1550–1700.Business History 49.1 (2007): 29-51. doi:10.1080/00076790601063006.
- Borer, Mary Cathcart. The City of London: A History. New York: McKay, 1977.
- Stone, Lawrence. Family and Fortune: Studies in Aristocratic Finance in the Sixteenth and Seventeenth Centuries. Oxford: Clarendon, 1973.
- Stow, John. A Survey of London. Reprinted from the Text of 1603. Ed. Charles Lethbridge Kingsford. 2 vols. Oxford: Clarendon, 1908. [Also available as a reprint from Elibron Classics (2001). Articles written before 2011 cite from the print edition by volume and page number.]
Last modification: 2016-05-27 14:37:29 -0700 (Fri, 27 May 2016) (tlandels)