Today it is dominated by the National Museum (1885 – 1891) and Josef Václav Myslbek’s statue of the national patron St Wenceslas from 1912. The square was created during the founding of the New Town by Charles IV in 1348. This square is the commercial and administrative centre of the city as well as the site of important social and historical events. Here you'll find cinemas, theatres, banks, hotels, restaurants, dozens of small and large shops, and administrative centres.