In terms of trade and economy, Beverley was a trading post of the Hanseatic League and had a large number of medieval guilds, which are now celebrated by the Town Trail.
By the eighteenth century, the Industrial Revolution brought much prosperity to the town and developments in mechanised farming practices strengthened the rural economy in the surrounding farmland and countryside.
The Great War saw many local lads sent over seas not to return. However, it was during the Second World War that Beverley found itself in the direct line of fire. The most devastating event took place on August 3rd 1942, when a bomb was dropped on Flemingate, resulting in one immediate fatality and several subsequent deaths due to injuries sustained in the attack.
As national socio-economic trends changed from the 1970s onwards, Beverley lost its once thriving industrial heartland, which included a ropery, wool dying, a shipyard and tannery. In recent years there has been much regeneration on the old industrial sites, which are now residential and retail areas.