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Thomas Allason was appointed as the main architect, and in

Thomas Allason was appointed as the main architect, and in March 1854 the new brick building inspired from the Great Exhibition stood ready. This was a huge improvement of both surroundings and space, with twice the floor space available. By the late 1800s, the telephone, ticker tape and the telegraph had been invented. Those new technologies led to a revolution in the work of the Exchange. First World War[edit]As the financial centre of the world, both the City and the Stock Exchange were hit hard by the outbreak of

the First World War in 1914. Due to fears that

the First World War in 1914. Due to fears that borrowed money was to be called back and that foreign banks would demand their loans or raise interest, prices surged at first. The decision to close the Exchange for improved breathing space and to extend the August Bank Holiday to prohibit a run on banks, was hurried through by

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