Moorestown was authorized to be incorporated as a township by an act of the New Jersey Legislature on March 11, 1922, from portions of Chester Township (now Maple Shade Township), subject to the approval of voters in the affected area in a referendum. Voters approved the creation on April 25, 1922.[23][24] The township is named for a Thomas Moore who settled in the area in 1722 and constructed a hotel[25] though other sources attribute the name to poet Thomas Moore.[26]
Chester Township had banned all liquor sales in 1915, and Moorestown retained the restrictions for more than 70 years after Prohibition ended in 1933. Referendums aiming to repeal the ban failed in both 1935 and 1953. In 2007, the township council approved a referendum that would allow the sale by auction of six liquor licenses (the state limit of one per every 3,000 residents), with estimates that each license could sell over $1 million each.[27] The referendum did not receive enough votes to pass. In 2011, voters repealed the liquor ban; however, liquor sales in the township will be restricted to the Moorestown Mall.[28]
In 2005, Moorestown was ranked number one in Money magazine's list of the 100 best places to live in America.[29] The magazine screened over a thousand small towns and created a list of the top 100 for its August 2005 issue, in which Moorestown earned the top spot.
^About Moorestown, Moorestown, New Jersey. Accessed September 8, 2015. "Thomas Moore and his wife Elizabeth settled here in 1722 and in 1732, Moore purchased 33 acres of land on the north side of King's Highway.... Mr. Moore set up a hotel on the northwest corner of King's Highway and Union Streets (currently a bank)."
^Hefler, Jan. "Moorestown repeals liquor ban", The Philadelphia Inquirer, November 9, 2011. Accessed February 11, 2012. "After months of heated debate, Moorestown voters decisively approved a proposal to allow restaurants at Moorestown Mall to sell liquor in the historically dry community.... Voters in the community of 19,000 people were asked two questions: whether to permit liquor sales, and then whether to restrict the sales to mall restaurants. Unofficial tallies show the vote on the first question was 4,138 to 2,740, and on the second, 3,750 to 2,876."