what is its legacy?
It has  been referenced in both literature and popular culture - appearing, for example, at the climax of T. S. Eliot's "The Waste Land" .
London Bridge Is Falling Down
It has also been referenced in both literature and popular culture - appearing, for example, at the climax of T. S. Eliot's "The Waste Land" (1922). 
story behind the nursery rhyme london bridge is falling down UNANSWERABLE what is this rhyme's origin? The oldest extant version could be that recalled by a correspondent to the "Gentleman's Magazine" in 1823, which he claimed to have heard from a woman who was a child in the reign of Charles II . how is the damage explained? It was damaged in a major fire in 1633, but in the fire of 1666 this damage acted as a fire break and prevented the flames from further damaging the bridge and crossing to the south side of the Thames.
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London Bridge Is Falling Down [SEP] Legacy
Since the late 19th century, the rhyme has been seen as one of the most popular and well known in the English-speaking world. It has also been referenced in both literature and popular culture - appearing, for example, at the climax of T. S. Eliot's "The Waste Land" (1922). The final line may have been the inspiration for the title of the 1956 musical "My Fair Lady", while the chorus of Brenda Lee's song "My Whole World is Falling Down" (1963) is loosely based on "London Bridge is Falling Down", and the traditional tune is often used by English football supporters as the basis for chants.