It was built in the year 1931 during the King Prajadhipok (Rama VII)'s reign after the construction of a Memorial Bridge linked between Phra Nakhon and Thonburi sides was completed.[1] It was regarded as one of the 11 roads in the Thonburi area traffic expansion project, along with other roads such as Tha Din Daeng, Phran Nok, Somdet Chao Phraya etc. The road was once called "Chao Krung Thon Road" (ถนนเจ้ากรุงธน, lit: "the road of the King of Thon Buri") not long after its construction, however, the King Taksin Monument was built right in the middle of Wongwian Yai, so the name of the road was likewise changed to honour the monarch who declared Siam’s independence from the Burmese. (Itsaraphap means "independence" or "freedom" in Thai).[2]