15 January 1759: British Museum opens
On this day in 1759, the British Museum opened in Bloomsbury after Sir Hans Sloane left his of collection of books, manuscripts and specimens to the nation.
In 1753 Sir Hans Sloane, an Irish-born physician and naturalist, left his collection of 71,000 books, manuscripts, natural specimens and other objects to the nation in his will, in return for a payment of £20,000 to his heirs. The collection was used as the basis for the British Museum, the world's first national public museum, which was established by an Act of Parliament on 7 June 1753. It opened on 15 January 1759, offering free admission to all "studious and curious persons".
The museum was first located in Montagu House in Bloomsbury. During the 18th century it attracted around 5,000 people per year, but its popularity increased greatly in the 1800s. In 1823 George IV donated the King's Library to the collection and this led to the construction of the main quadrangular building and the circular Reading Room that are the centre of the museum today.
These were completed in 1857. To allow room for expansion, the museum's natural history collection was relocated to a new building in South Kensington during the 1880s, which is now called the Natural History Museum.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The book collection, which had been housed in the Great Court around the Reading Room, moved to the new British Library building in St Pancras in 1997. The Great Court, which had effectively been closed to the public since 1857, was then refurbished at a cost of £100m, including the construction of a new glass and steel roof that made it the largest public square in Europe. Today, the British Museum has over 3.5 million objects on display and attracts more than six million people every year.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
A young financial journalist in the making, Shisirhang is currently doing his MA in financial journalism at City University. He has completed a number of internships in local newspapers, financial magazines and a radio broadcasting station.
-
Review: Villa d'Este – a Christmas spectacle on Lake ComoTravel Villa d’Este, on the shores of Lake Como in Italy, is a magical place in which to celebrate the festive season
-
Autumn Budget 2025: What we know so farChancellor Rachel Reeves is set to announce a slew of new measures in her second Autumn Budget and an ailing economy means tax hikes are almost certain. Here's what we know so far, and what analysts are expecting.