Intro
Discover the rich history and stunning architecture of the Chicago Board of Trade Building, a iconic landmark in the Windy City. Learn about its Art Deco design, significant events, and notable architects, as well as its role in the citys financial district and its impact on Chicagos architectural heritage.
The Chicago Board of Trade Building is one of the most iconic landmarks in the city of Chicago, Illinois. Located in the heart of the city's financial district, the building has been a hub of economic activity for over a century. In this article, we will delve into the rich history and stunning architecture of the Chicago Board of Trade Building, exploring its significance, design, and impact on the city.
The Chicago Board of Trade was founded in 1848 as a voluntary association of businessmen who wanted to standardize and organize the grain trade in the city. At the time, Chicago was a major hub for grain production and trade, and the Board of Trade played a crucial role in facilitating the buying and selling of grain. Over the years, the Board of Trade expanded its operations to include other commodities, such as livestock, dairy products, and financial instruments.
Early Years and the First Building
In its early years, the Chicago Board of Trade operated out of a small building on the corner of South Water and LaSalle streets. However, as the organization grew and the grain trade expanded, the Board of Trade needed a larger and more modern facility. In 1885, the Board of Trade moved into a new building designed by the architectural firm of Burnham and Root. The building was a stunning example of Victorian-era architecture, with a large trading floor, offices, and a grand staircase.
The Current Building
In 1930, the Chicago Board of Trade moved into its current building, designed by the architectural firm of Holabird & Root. The building is a 44-story skyscraper with a Art Deco design, featuring a distinctive pyramid-shaped roof and a gleaming aluminum exterior. The building was designed to be a symbol of the city's economic power and was intended to rival the iconic skyscrapers of New York City.
Design and Features
The Chicago Board of Trade Building is an exemplary example of Art Deco design, featuring a range of distinctive elements, including:
- A pyramid-shaped roof, which was designed to be a symbol of the city's economic power
- A gleaming aluminum exterior, which gives the building a sleek and modern appearance
- A grand lobby, featuring a large mural depicting the history of the grain trade
- A large trading floor, where commodities are bought and sold
Impact on the City
The Chicago Board of Trade Building has had a significant impact on the city of Chicago, both economically and culturally. The building has been a hub of economic activity for over a century, and its trading floor has been the site of many major financial transactions. The building has also been a symbol of the city's economic power and has been featured in numerous films, TV shows, and books.
Preservation and Restoration
In recent years, the Chicago Board of Trade Building has undergone significant preservation and restoration work. In 1978, the building was designated as a National Historic Landmark, recognizing its significance as a symbol of the city's economic power. In the 1990s, the building underwent a major restoration project, which included the repair of the building's exterior and the renovation of its interior spaces.
Conclusion
The Chicago Board of Trade Building is a stunning example of Art Deco design and a symbol of the city's economic power. Its rich history and stunning architecture make it a must-see destination for anyone interested in architecture, economics, or history. Whether you are a local resident or a visitor to the city, the Chicago Board of Trade Building is a building that is sure to impress.
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What is the Chicago Board of Trade?
+The Chicago Board of Trade is a voluntary association of businessmen who wanted to standardize and organize the grain trade in the city.
When was the Chicago Board of Trade Building built?
+The current building was built in 1930, designed by the architectural firm of Holabird & Root.
What is the significance of the Chicago Board of Trade Building?
+The building is a symbol of the city's economic power and has been a hub of economic activity for over a century.