Final answer:
The 'New Room' in Bristol is the first Methodist chapel built and still standing, and the methodist class meeting emerged as key to Methodist spiritual formation from raising funds for this chapel.
Step-by-step explanation:
The first Methodist chapel ever built, which still stands, was the "New Room" built in the city of Bristol. It was from the attempt to raise funds to pay for this building that the famous methodist class meeting developed as the most important element in the Methodist system of spiritual formation. The New Room in Bristol represents an important landmark in the history of Methodism, stemming from the significant work and religious reform inititated by John Wesley, one of the founders of the Methodist denomination. The practice of class meetings was a part of a larger movement within Christianity in the 18th century which emphasized personal religious experience over ritual and formality, a sentiment that played a key role during the revival periods such as the First and Second Great Awakening.