The Globe Theatre, originally built in 1599 and reconstructed in 1997, holds great significance as it was the playhouse where many of William Shakespeare's plays were performed during the Elizabethan era. It served as a venue for showcasing Shakespeare's work and contributed to the popularity and understanding of his plays among the public. The Globe Theatre also played a crucial role in the development of English theater and literature. Today, it stands as a historical and cultural landmark, providing insight into the theatrical practices of the past.