As part of the Dissolution of the Monasteries in 1539, Henry VIII ordered the total demolition of the Abbey buildings. Today only the Norman Arch and parts of the precinct wall remain above ground, forming the perimeter of a public park in the middle of town. Despite this, the freedom of a borough continued to elude the townspeople, and they only saw the old lord of the manor replaced by a new lord of the manor as the King acquired the abbey's title.
Sheep rearing, wool sales, weaving and woollen broadcloth and cloth-making were the main strengths of England's trade in the Middle Ages, and not only the abbey but many of Cirencester's merchants and clothiers gained wealth and prosperity from the national and international trade. The tombs of these merchants can be seen in the parish church, while their fine houses of Cotswold stone still stand in and around Coxwell Street and Dollar Street. Their wealth funded the rebuilding of the nave of the parish church in 1515-30, to create the large parish church, often referred to as the "Cathedral of the Cotswolds". Other wool churches can be seen in neighbouring Northleach and Chipping Campden.
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