From The Art and Popular Culture Encyclopedia
The Globe Theatre was a theatre in London associated with William Shakespeare. It was built in 1599 by Shakespeare's playing company, the Lord Chamberlain's Men, and was destroyed by fire on June 29 1613. A second Globe Theatre was rebuilt on the same site by June 1614 and closed in 1642.
The name of the Globe supposedly alludes to the Latin tag totus mundus agit histrionem, in turn derived from quod fere totus mundus exerceat histrionem—"because all the world plays the actor"—from Petronius, which had wide circulation in England in the Burbages' time. Totus mundus agit histrionem was, according to this explanation, therefore adopted as the theatre's motto. It seems likely, however, that the link between the saying and the Globe was made only later, originating with the industrious early Shakespeare biographer William Oldys, who claimed as his source a private manuscript to which he once had access. This was repeated in good faith by his literary executor George Steevens, but the tale is now thought "suspicious".