Nelson's Monument, Exchange Flags
It was here on Exchange Flags that the merchants of Liverpool carried out their business in the open air. The most familiar feature is Nelson's monument, erected by public subscription in 1813. The monument was Liverpool’s first major public sculpture and commemorates Nelson as a great English hero. To Liverpool merchants the defeat of the French meant that they could once again trade internationally in peace. Local legend has it that the chained figures represent slaves, but they were in fact prisoners of war from Nelson's battles, the four prisoners representing captured sailors in torment from Nelson’s four greatest triumphs. About 4000 French prisoners of war were held in Liverpool during the Napoleonic Wars. The monument is encircled with the words "England expects that every man do his duty".