On May 5, 1945, Schleyer escaped from the city shortly after the start of the Prague uprising.
Red Army arrived unexpectedly in Prague on May 9, took the city, ended the conflict, and paved the way for the Czech government to arrive from both East and West.
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The previous name of the square, used through the communist era, was the Square of Red Army Soldiers (Náměstí Krasnoarmějců from the year 1948, before this was the name Rejdiště,according riding hall, standing in those places) commemorating Soviet soldiers killed during their liberation of Prague in May 1945.