GRESHAM, SIR THOMAS

grĕshˈəm, 1519?–1579, English merchant and financier. As the royal financial agent in Antwerp after 1551 he proved himself very able, though his methods were frequently more effective than ethical. After the accession of Elizabeth I to the throne he spent most of his time in London but went on diplomatic and financial missions. He also accumulated a great private fortune as a banker, mercer, and merchant. He was the principal figure in the founding of the Royal Exchange, and he endowed Gresham College in London. His name was given to Gresham's law, the economic principle that in the circulation of money "bad money drives out good," i.e., when depreciated, mutilated, or debased coinage (or currency) is in concurrent circulation with money of high value in terms of precious metals, the good money is withdrawn from circulation by hoarders. It was thought that Gresham was the first to state the principle, but it has been shown that it was stated long before his time and that he did not even formulate it.

See J. W. Burgon, Life and Times of Sir Thomas Gresham (2 vol., 1839, rep. 1968); biography by F. R. Salter (1925).

____________________

The Columbia Encyclopedia, Sixth Edition Copyright© 2004, Columbia University Press. Licensed from Lernout & Hauspie Speech Products N.V. All rights reserved.

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Questia Books and Articles on: Gresham Sir Thomas
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books on: Gresham Sir Thomas  - 513 results

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1.
Life and Letters of Sir Thomas Wyatt
Book by Kenneth Muir; Liverpool University Press, 1963
Subjects: Wyatt, Thomas--Sir--1503?-1542
...ff., 182 Graynffeld, Sir Richard, 26 , 36 Gresham, 144 , 159 Gwillam...See Jane Wyatt Hawte, Sir William, 37 , 38 , 55...Horace, 252 Horsey, Sir John, 212 , 216 , 262...Lord, 82 ff. More, Sir Thomas, 20 , 271 Multon, 62...
2.
Civil Histories: Essays Presented to Sir Keith Thomas
Book by Peter Burke, Brian Harrison, Paul Slack; Oxford University Press, 2000
Subjects: Great Britain--History, Great Britain--History--Stuarts, 1603-1714, Great Britain--History--Tudors, 1485-1603
...Greenwood, Anthony zo5 Gresham College 209 Greville...gymnosophy 339 Habakkuk, Sir (Hrothgar) John z...Edmund Hyde 278 Hall, Thomas 95-6 Halle, University...executions Hanmer, Sir Thomas 75 Hannah (ship) 29I...Harcourt, Robert 77 Hardy, Thomas zzz Harington, Sir John...
3.
Thomas More
Book by R. W. Chambers; University of Michigan Press, 1958
Subjects: More, Thomas--Sir, Saint--1478-1535
...210 , 239 . Fame of Sir Thomas More, The : Lord Justice...Medwalls: 61 - 2 . Fuller, Thomas: Worthies , 38 , 39...Mistress Agnes. ---, Thomas, maternal grandfather...St., Pope: 359 . Gresham, Master: case of, 270...
4.
Sir Walter Mildmay and Tudor Government
Book by Stanford E. Lehmberg; University of Texas Press, 1964
Subjects: Mildmay, Walter--Sir--1520?-1589
...George: 206 Fuller, Thomas: 40 , 223 , 260 Furboys...administration, 15 Gate, Sir John: and financial...Gerard, Sir Gilbert: and Gresham's estate, 294 Gilpin...119 , 165 Goodrich, Thomas, Bishop of Ely: and...Mildmay admitted to, 14 Gresham, Sir Thomas: Mildmay...
5.
Sir Philip Sidney: Type of English Chivalry in the Elizabethan Age
Book by H. R. Fox Bourne; G.P. Putnams Sons, 1891
Subjects: Sidney, Philip--Sir--1554-1586
...Baron. See Ratcliffe, Thomas Fitzwilliam, Lady Anne...cousin, 70 Fitzwilliam, Sir William, 9 Flanders...his employments under Sir Henry Sidney, 152 ; his...Sir Richard, 295 , 298 Gresham, Sir Thomas, his share in Frobishers...
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journal articles on: Gresham Sir Thomas  - 42 results

       More journal Results: 1-10 11-20 21-30 31-40 41-42 >>  
 
1.
Theatrical Space and Scientific Space in Thomas Shadwell's Virtuoso
Journal article by John Shanahan; Studies in English Literature, 1500-1900, Vol. 49, 2009
Subjects: Science--Portrayals, Shadwell, Thomas--Criticism and interpretation, Shadwell, Thomas--Works, The Virtuoso (Play)--Criticism and interpretation
...practices of spiders by Sirs Formal and Nicholas...ethical differentiation: "SIR NICHOLAS. The tumbler...graphia, in order to craft Sir Nicholass character...Albert S. Borgman, Thomas Shadwell: His Life and...Schaffer, "Wallifaction: Thomas Hobbes on School Divinity...Recently Made in London at Gresham College," trans. Schaffer...
2.
Getting It Back to Front in 1590: Spenser's Dedications, Nashe's Insinuations, and Ralegh's Equivocations
Journal article by Andrew Zurcher; Studies in the Literary Imagination, Vol. 38, 2005
Subjects: Nashe, Thomas--Criticism and interpretation, Nashe, Thomas--Works, Poets--Criticism and interpretation, Poets--Works, Raleigh, Walter--Criticism and interpretation, Raleigh, Walter--Works, Spenser, Edmund--Criticism and interpretation, Spenser, Edmund--Works, The Faerie Queene (Book)--Criticism and interpretation
...AEglogue Vpon the Death of Sir Phillip Sidney Knight...Life and Times of Sir Thomas Gresham. Vol. 2. London: Effingham...on Spensers Career from Sir Thomas Tresham." Spenser Studies...now famous letter from Sir Thomas Tresham to Lewes Lord...
3.
"Crack'd Crowns" and Counterfeit Sovereigns: The Crisis of Value in 1 Henry IV
Journal article by Jesse M. Lander; Shakespeare Studies, 2002
Subjects: Henry IV, part 1 (Theater)--Criticism, interpretation, etc., Literature--Themes, motives
...letter to the queen dated 1558, Sir Thomas Gresham begins, "Ytt may pleasse your majesty...universe, a possibility recognized by Sir Robert Cotton, who remarks that...1997). (11.) Kevin Sharpe, Sir Robert Cotton, 1586-1631: History...
4.
John Donne and Elizabethan Economic Theory
Journal article by Coburn Freer; Criticism, Vol. 38, 1996
Subjects: Donne, John--Criticism, interpretation, etc., Economics--Portrayals, depictions, etc., United Kingdom--History, 1558-1603 (Elizabethan era)
...Malynes, Edward Misselden, and Thomas Mun.(2) Many financiers such as Sir Thomas Gresham also made, in their letters and...1938). (3.) F. R. Salters Sir Thomas Gresham (London: Leonard Parsons, 1925...
5.
Salvaging Gresham's Law: The Good, the Bad, and the Illegal
Journal article by George Selgin; Journal of Money, Credit & Banking, Vol. 28, 1996
Subjects: Banking industry--Analysis, Economics--Analysis, Money market--Analysis
...standard.(4) 2. SALVAGING GRESHAM Hindered Exchange: A Prisoners...Apparent Concession to Sir Thomas At one point Rolnick and...surrounding the laws utterance by Gresham himself. Gresham observed...The Life and Times of Sir Thomas Gresham. London...
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magazine articles on: Gresham Sir Thomas  - 12 results

       More magazine Results: 1-10 11-12 >>  
 
1.
Exhibiting the Nation
Magazine article by Asa Briggs; History Today, Vol. 50, January 2000
Subjects: Briggs, Asa--Addresses, essays, lectures, Lectures and lecturing--Composition, Royal Historical Society Gresham--Addresses, essays, lectures
...from the President of the Board of Trade, Sir Stafford Cripps, into the willing hands...in 1882, Fifty Years of Public Work of Sir Henry, Cole KCB accounted for in his Deeds...Bank site, recommended by the architect Sir William (later Lord) Holford, was exciting...
2.
Edmund Spenser: The Boyhood of a Poet
Magazine article by Donald Bruce; Contemporary Review, Vol. 264, February 1994
Subjects: Poets--Biography, Spenser, Edmund--Biography
...accepted as a cousin by the family of Sir John Spencer of Althrop (probably...apprenticed him to a London mercer. Sir Thomas Gresham himself derived from the Norfolk...backs rose such clothiers as Sir Thomas Gresham who, for one, spent his money...
3.
At Home and Away: The Earl of Leicester
Magazine article by Simon Adams; History Today, Vol. 46, May 1996
Subjects: Elizabeth I, Queen of England--Influence, Robert, Earl of Leicester--Biography, United Kingdom--History, 1558-1603 (Elizabethan era)
...entourage of sixty. Sir Francis Walsingham...the 28th for Sir Thomas Leighs house (Stoneleigh...cases, that of Sir Thomas Gresham for example, the...queens secretaries (Sir John Wolley...Scottish servant, Thomas Fowler, as well...
4.
Merchants and Privateers: a Window on the World of William Byrd
Magazine article by John Harley; Musical Times, Vol. 147, Autumn 2006
Subjects: Byrd, William (1543-1623), Classical music, Composers, Families & family life, Personal profiles
...about this, as one would about the Thomas Cole who is said, in a hitherto...mercantile interests, such as Sir Thomas Gresham, founder of the Royal Exchange...partners John Newton and John Watts. Thomas Smythe and Philip Smyth (who always...
5.
Mystery Identities: William D. Rubinstein, Co-author of a Radical New Book on Shakespeare's True Identity, Reflects on Some Riddles of History in the Light of His Own Discoveries
Magazine article by William D. Rubinstein; History Today, Vol. 55, November 2005
Subjects: Dramatists--History, Neville, Henry--Behavior, Playwrights--History, Shakespeare, William--Behavior
...claimed the dubious honour for Sir John Williams, a distinguished...mother was the niece of Sir Thomas Gresham, the great merchant who founded Gresham College in London. William...Neville himself--not the Thomas Thorpe whose name appears...
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newspaper articles on: Gresham Sir Thomas  - 11 results

       More newspaper Results: 1-10 11-11 >>  
 
1.
Sir Thomas's New Coining; ANSWERS TO CORRESPONDENTS
Newspaper article; The Daily Mail (London, England), February 7, 2005
Sir Thomass New Coining; ANSWERS TO CORRESPONDENTS...comes from Tudor financier and speculator Sir Thomas Gresham (1519-1579), adviser to the juvenile...coins. Henry kept the gold for himself. Gresham expressed the common opinion that bad money...
2.
Royal Hotel California; ANSWERS TO CORRESPONDENTS
Newspaper article; The Daily Mail (London, England), March 24, 2010
...Gresham Hotel in Dublin? THE Gresham Hotel is located on Upper OConnell...centuries. The hotel is named after Thomas Gresham, who began life as a foundling...in London. He was named after Sir Thomas Gresham, who had founded the Royal Exchange...
3.
Prague; Budapest; A Tale of Two Cities
Newspaper article; The Washington Times, March 11, 2006
...is entirely contemporary. The Gresham has its secrets too: The original cabaret in the Gresham was operated by a man who is said...The palace itself was named for Sir Thomas Gresham, the British 16th-century financier...
4.
The 12 Names That Every History Pupil Should Know; but Why Didn't the Tories Include Churchill in Their List?
Newspaper article; The Daily Mail (London, England), December 26, 2006
...the founder of the stockmarket Thomas Gresham and the founder of the modern police force Sir Robert Peel. The only woman to...of English and Scottish crowns. Sir Thomas Gresham 1519-1579 Founder of the Royal...
5.
Two Elizabeths,two Ages:which Has Been Greater?
Newspaper article; The Daily Mail (London, England), May 18, 1996
...her foreign relations: Sir Francis Walsingham and...about unmercifully. When Sir Walter Raleigh married...financial adviser, Sir Thomas Gresham, restored the finances...Gorbaduc, by her friend Thomas Sackville, was produced...
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encyclopedia articles on: Gresham Sir Thomas  - 2 results

 
 
1.
Gresham, Sir Thomas
Encyclopedia article; The Columbia Encyclopedia, Sixth Edition, 2009
GRESHAM, SIR THOMAS gresh m, 1519? 1579, English merchant...of the Royal Exchange, and he endowed Gresham College in London. His name was given...W. Burgon, Life and Times of Sir Thomas Gresham (2 vol., 1839, rep. 1968...
2.
Gresham's Law
Encyclopedia article; The Columbia Encyclopedia, Sixth Edition, 2009
GRESHAMS LAW see under Gresham, Sir Thomas . ____________________ Copyright 2009 Columbia University Press. Used with the permission of Columbia University Press. All rights reserved.


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