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The Praça do Comércio (Square of Commerce) along the Tagus river, the square is still commonly known as Terreiro do Paço (Palace Square), because it was the location of the Paços da Ribeira (Royal Ribeira Palace) until it was destroyed in 1755 by a massive Earthquake that was followed by a tsunami and fire that destroyed much of Lisbon.

 

The ruins of the palace were carted away and the land was completely remodeled with the Rua Augusta Arch triumphal arch built to commemorate the city's reconstruction after the earthquake.

 

The square was named Praça do Comércio, the Commerce Square to indicate its new function in the economy of Lisbon. The symmetrical buildings of the square were filled with government bureaus that regulated customs and port activities.

 

The waterfront is currently being transformed from an old working port into a waterfront park lined with restaurants and promenade.

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Uploaded on September 3, 2015
Taken on September 3, 2015