Memphis was founded on May 22, 1819 by a group of investors, John Overton, James Winchester, and Andrew Jackson, and was incorporated as a city in 1826. The city was named after the ancient capital of Egypt on the Nile River. The founders planned for a large city to be built on the site and laid out a plan featuring a regular grid of streets interrupted by four town squares, to be named Exchange, Market, Court, and Auction
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