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The current name has been applied since 1895 and has been used till present.

In the 12th and 13 century many houses were built around the square and their Romanesque and early Gothic foundations, cellars and sometimes even parts of the ground floors have been preserved till these days.

From 1591, the famous Krocín´s Public Fountain stood in the northern part of the square (see document Fountains).

In 1650 Marian column by Jan Jiří Bendl was erected here as a symbol of thanks for the liberation of Prague from the Swedes in honour of the Immaculate Virgin Mary.

Even the Town Hall building itself was surrounded by shops of marketers.

Portable stalls were occupied by bakers, potters, manufacturers of wood products, herbalists, ginger bread producers and other craftsmen selling their goods.

In commemoration of them 27 crosses are marked in the sidewalk along the Old Town Hall, as symbols of swords and thorn crown.

For the first time the place of the execution was marked in the pavement in 1904 on the occasion of the replacement of paving around the square.

Jan Sixt z Ottersdorfu, who was also to be beheaded, was amnestied at the loose.The original Romanesque ground floors and exceptionally also parts of the first floors got underground approximately in the middle of the 13th century as a part of anti-flood measures, when the terrain was filled with the soil up to the significant height.In the 14th century the Town Hall was established at the square and the main Old Town church called the church of the Virgin Mary in front of Týn was built a bit later.After the defeat of the Hussite Revolution, Jiří z Poděbrad was elected the King of Bohemia here in 1458.One of the most tragic events took place in front of the Town Hall on 21 June 1621, when 27 prominent participants of the Czech revolt against the Habsburgs were executed here.

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