Praça do Comércio
The Praça do Comércio (Commerce Square) is located near the Tagus River and is commonly known as Terreiro do Paço (Palace Square), because it was the location of the Royal Ribeira Palace. In 1755 the great Lisbon Earthquake followed by tsunami and fire destroyed most of the city including the Palace. King José I's Prime Minister, the Marquês de Pombal, coordinated a massive rebuild that gave the square a regular rational arrangement in line with the new Pombaline Downtown (Baixa).
The Augusta Street Arch was only finished in the 19th century. In the top there are sculptures by Calmels representing Glory crowning Genius and Value. The lower, by Vitor Bastos, are Nuno Álvares Pereira, Viriato, Vasco da Gama and Marquês de Pombal.
The bronze statue of King José I was the first monumental statue dedicated to a King in Lisbon and was designed by Joaquim Machado de Castro, Portugal's most important sculptor of the time.
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