Peter Faneuil, a wealthy merchant, offered to build a market for Boston. The town voted 367 to 360 to accept it in 1740, so the vote was very close. The hall opened in 1742.
The ground floor was a market and the second floor was a meeting hall. After 1763 it hosted pro-independence speeches, and it picked up the nickname 'Cradle of Liberty.'
Faneuil made part of his fortune in the slave trade, and the building was funded in part by those profits. Faneuil Hall now has a permanent exhibit on slavery that opened in 2023.

