Bucharest's history alternated periods of development and decline from the early settlements of the Antiquity and until its consolidation as capital of Romania late in the 19th century. First mentioned as "the Citadel of Bucureşti" in 1459, it became a residence of the Wallachian prince Vlad III the Impaler. The Old Princely Court (Curtea Veche) was built by Mircea Ciobanul, and during following rules, Bucharest was established as the summer residence of the court, competing with Târgovişte for the status of capital after an increase in the importance of southern Muntenia brought about by the demands of the suzerain power, the Ottoman Empire. Burned down by the Ottomans and briefly discarded by princes at the start of the 17th century, Bucharest was restored and continued to grow in size and prosperity. Its centre was around the street "Uliţa Mare", which starting 1589 was known as Lipscani. Before the 1700s, it became the most important trade centre of Wallachia and became a permanent location for the Wallachian court after 1698 (starting with the reign of Constantin Brâncoveanu). Bucharest in 1837

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