Newgate Street, Cheapside, Cornhill, Leadenhall, and Aldgate formed (as they do still) nearly a straight line, east and west. From this line to the wall on the north, in Plantagenet and early Tudor times, the city was largely composed of open spaces: chiefly the domains of religious houses; while south of the dividing line to the river the ground was thickly built over. After the Dissolution the transformation of the northern area began.

Considerable building took place in the reign of Edward VI.; but at the time of Elizabeth's accession the generally open character of this area, as compared with the more southerly part of the city, still subsisted. The increase of population, however, due very largely to people who flocked to London from all parts of the country, led to rapid building, which produced the Queen's famous proclamation to stay its further progress. To evade the ordinance, and to meet the ever-increasing demand, large houses were converted into tenements, and a vast number of people were thus accommodated who lived chiefly out-of-doors and took their meals in the taverns, inns, and ordinaries which abounded in all parts of the city. The pressure of demand continued, and the open spaces became gradually built over. The Queen and her government, aghast at the incessant tide of increase, in terror of the plague, recognised the futility of further prohibition, and avoided communication with the city as much as possible. At the slightest hint of plague Her Majesty would start off on one of her Progresses, or betake herself to Richmond, to Hampton Court, or to Greenwich.

Memorials of Old London, Volume II (of 2) — Part 25

Some of these transformations of ancient monastic purlieus may be briefly instanced. Within Newgate was the house and precinct of the Grey Friars. After the Dissolution the whole precinct was presented by Henry to the citizens of London, and here Edward VI. founded the school for poor fatherless children, which became famous as Christ's Hospital, "the Bluecoat school."

Memorials of Old London, Volume II (of 2) — Part 25

Let a short passage from Stow describe this change from the old order to the new:

Memorials of Old London, Volume II (of 2) — Part 25

"In the year 1552 began the repairing of the Greyfriars house for the poor fatherless children; and in the month of November the children were taken into the same, to the number of almost four hundred. On Christmas Day, in the afternoon, while the Lord Mayor and Aldermen rode to Paules, the children of Christ's Hospital stood from St. Lawrence Lane end in Cheape towards Paules, all in one livery of russet cotton, three hundred and forty in number; and in Easter next, they were in blue at the Spittle, and so have continued ever since."