Market house in the context of "Market town"

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⭐ Core Definition: Market house

A market house or market hall is a covered space historically used as a marketplace to exchange goods and services such as provisions or livestock, sometimes combined with spaces for public or civic functions on the upper floors and often with a jail or lockup in the cellar or basement floor. Market houses usually included an arcade to protect traders and their goods from the elements while maintaining private access to most of the building.

After this style of market building developed in British market towns, it spread to colonial territories of Great Britain, including Ireland and New England in America. A market house is typically located on a market square, quay or wharf in a central accessible area for the ease of transit of goods and people.

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👉 Market house in the context of Market town

A market town is a settlement (commonly in Europe) that obtained a market right (by custom or royal charter) in the Middle Ages, which allowed it to host a regular market; this distinguished it from a village or a city. In Britain, small rural towns with a hinterland of villages are still commonly called market towns, and is sometimes reflected in their names (e.g. Downham Market, Market Rasen, or Market Drayton).

Modern markets are often in special halls, but this is a relatively recent development. Historically the markets were open-air, held in what is usually called (regardless of its actual shape) the market square or market place, sometimes centred on a market cross (mercat cross in Scotland). They were and are typically open one or two days a week. In the modern era, the rise of permanent retail establishments reduced the need for periodic markets.

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