The invention relates to a liquid crystal display device used as a display part of an information equipment and a method of manufacturing the same, and has an object to provide the liquid crystal display device which can obtain excellent display characteristics without raising the manufacture cost and the method of manufacturing the same. The liquid crystal display device includes a pair of substrates disposed to be opposite to each other, a liquid crystal sealed between the pair of substrates and aligned almost vertically to the substrate when a voltage is not applied, a pair of quarter-wave plates respectively disposed at outer sides of the pair of substrates, a pair of polarizing plates respectively disposed at outer sides of the pair of quarter-wave plates, and a pixel area including a reflection area provided with a reflecting plate having an almost flat reflecting surface and for reflecting light incident from one of the substrates, and a transmission area for causing light incident from the other of the substrates to be transmitted toward the one of the pair of substrates.