HM King Chulalongkorn, Rama V, bestowed upon the road the name "Yaowarat" which means "Junior King", was to honor HRH Crown Prince Maha Vajirunhis, Thailand's first crown prince. 
HRH Prince Narisara Nuwattiwongse, Minister of Public Works in the reign of King Rama V, initiated the project to build 18 roads in Sampheng District in 1891. He was convinced that:
"No other area is more developed than Sampheng due to its very strategic location for trading. But something seems to pose a hindrance - lack of roads. The existing ones are too narrow and hence obstructing traffic for sellers and buyers. They are inadequate for the development which could intensify in the future."
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