One of the things I like most about living in Budapest is that every inch of it is seeping with history. Freedom Square, also known as Liberty Square, is no exception. Called Szabadság tér in Hungarian, the square sits on what were once huge barracks. Built by the Austrians in 1786, they became a symbol of repression. At the end of the 19th century, the barracks were destroyed, making way for the current square. On the west side stands the former Stock Exchange Building (Tőzsdepalota). In 1948, the communists closed it down, and the building became the headquarters for the Hungarian Television. Opposite that stands the Hungarian National Bank Building (Magyar Nemzetí Bank). In the center of the square stands an obelisk with a communist hammer and sickle. One of the only remaining Soviet monuments in the city, it honors the soldiers of the Red Army who died during WWII’s liberation of Budapest.