New London, CT 2016
I don't much about "Exchanges", but I assume at one time they must have been a center of business or places were goods, money etc. were exchanged. I wonder if all cities had exchanges, like pictured here. Are such local exchanges no longer needed? At least this exchange building has found new life housing the Interdistrict School for Arts and Communication.
Hi, Ed. Exchanges are where prices of commodities of all types are set by buyers and sellers. This building may be where such trade existed. During my college years I worked summers on the floor of the Board of Trade in Chicago where grain and other agricultural produces' prices are set. As a sea port, New London may have had a large import-export goods market. That is a neat, old building. Glad it has found a new life.
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