The square was marked out in 1823 as the primary market square of the "Nowe Miasto" cloth settlement at the time, at the intersection of the Piotrkowski route running from the north to the south and ul. Srednia (currently ul. Pomorska and ul. Legionow) running from east to west. It was given the shape of a regular octagon. To distinguish it from the original market square of Lodz, located approximately 450 m to the north, it was called the New Town Square.
In 1918, when Poland regained independence, the market square was renamed Freedom Square. In 1930, a monument to Tadeusz Kosciuszko was erected in the center of the square. After the annexation of Lodz by the Third Reich, the German occupation authorities of Lodz demolished the monument on November 11, 1939, and renamed the square Freiheitsplatz, and in 1940 Deutschlandplatz.
The monument was rebuilt in an identical shape in 1960.
