The Wellington monument is an obelisk near the southeast (main) entrance to Phoenix Park. It is 62 meters high and is the highest obelisk in Europe. It was built to commemorate the victories of the 1st duke of Wellington who was born in Dublin. Interestingly it was first planned to be built in Merrion square until the residents had protested this idea. It is a beautiful monument for Phoenix Park, but I agree, it would be a little out of place in Merrion Square park. The plaques surrounding the statue were also made from melted down cannons from waterloo. Overall an impressive monument and not to be missed while in Phoenix Park.
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