Business Leaders

The Columbia Encyclopedia,... A Dictionary of World History The Concise Oxford... Further reading

Gresham, Sir Thomas

A Dictionary of World History | 2000 | Copyright

Gresham, Sir Thomas (c.1519–79) English financier. He founded the Royal Exchange in 1566 and served as the chief financial adviser to the Elizabethan government. He founded Gresham College in 1579 as a venue for public lectures and the Royal Society grew from these meetings at Gresham's house. His fame rests on Gresham's Law, wrongly attributed to him in the 19th century, which states that ‘bad money drives out good’. According to this law, if there are two coins in circulation with different ratios of face value to intrinsic value (in terms of the precious metal content of the coins), the coin with the higher intrinsic value will tend to be taken out of circulation for hoarding or melting down.

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

"Gresham, Sir Thomas." A Dictionary of World History. 2000. Encyclopedia.com. 29 May. 2012 <http://www.encyclopedia.com>.

"Gresham, Sir Thomas." A Dictionary of World History. 2000. Encyclopedia.com. (May 29, 2012). http://www.encyclopedia.com/doc/1O48-GreshamSirThomas.html

"Gresham, Sir Thomas." A Dictionary of World History. 2000. Retrieved May 29, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O48-GreshamSirThomas.html

Learn more about citation styles

Gresham Professorship

The Concise Oxford Dictionary of Music | 1996 | | Copyright

Gresham Professorship. In the will of Sir Thomas Gresham (c.1519–79), founder of London Royal Exchange, provision was made for 7 professorships in various subjects and for a lecture on mus. John Bull was first mus. prof. (1596–1607). Later incumbents have incl. Sir Frederick Bridge, Sir Walford Davies, and Peter Latham.

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

MICHAEL KENNEDY and JOYCE BOURNE. "Gresham Professorship." The Concise Oxford Dictionary of Music. 1996. Encyclopedia.com. 29 May. 2012 <http://www.encyclopedia.com>.

MICHAEL KENNEDY and JOYCE BOURNE. "Gresham Professorship." The Concise Oxford Dictionary of Music. 1996. Encyclopedia.com. (May 29, 2012). http://www.encyclopedia.com/doc/1O76-GreshamProfessorship.html

MICHAEL KENNEDY and JOYCE BOURNE. "Gresham Professorship." The Concise Oxford Dictionary of Music. 1996. Retrieved May 29, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O76-GreshamProfessorship.html

Learn more about citation styles

Free newspaper and magazine articles

	Once upon a palace: Formanyelv and Richmond International create a fairy-tale... Magazine article from: Hotels; 7/1/2005
	Treasury Minister Delivers Prestigious Gresham Lecture. News Wire article from: Mondaq Business Briefing; 1/10/2011
	Gresham's law, technology, and education. (technology can be detrimental to... Magazine article from: Phi Delta Kappan; 3/1/1994