A Public Building
Once known as the Royal Exchange and Custom House, the Old Exchange has always been a public building. Charleston shippers were becoming more and more prosperous as they transported slaves, rice and cotton, and the town’s wealthy elite pushed for the creation of an Exchange in order to carry out the increasingly large amount of importing and exporting that was taking place at the time.
The foundations were laid on the old Charleston city walls in 1768 and construction was completed by 1771. Located at the center of the Charleston waterfront, the elegant building was erected by master masons and was considered to be a grand and unique architectural structure worthy of the city. The Charleston Post Office was moved to the Exchange in 1815.
During the 1780 siege of Charleston by the British, General William Moutrie infamously hid ten thousand pounds of gunpowder in the basement of the Exchange, next to the Provost which eventually held those incarcerated by the British. |