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Sir Thomas Gresham the Elder (/ ˈ ɡ r ɛ ʃ ə m /; c. 1519 – 21 November 1579) was an English merchant and financier who acted on behalf of King Edward VI (1547–1553) and Edward's half-sisters, queens Mary I (1553–1558) and Elizabeth I (1558–1603).
Sir Thomas Gresham (born 1518/19, London, England—died November 21, 1579, London) was an English merchant, financier, and founder of the Royal Exchange. An overview of the first Royal Exchange, opened by Sir Thomas Gresham in London in 1570.
Following his apprenticeship Thomas gained the right to membership of the Mercers’ Company in 1543. Three years later he took control of the family business in the Netherlands, exporting woollen cloth from England and importing fine cloth and armaments.
1566. Known as the father of English banking, wealthy merchant Sir Thomas Gresham establishes The Royal Exchange as London’s first purpose-built centre for trading stocks. It is modelled on the Bourse in Antwerp, the world’s oldest financial exchange, where Gresham had been based as a royal agent.
Sir Thomas Gresham was a financial giant of Tudor England, and one of the most influential men of the era. He cemented his financial legacy through the founding of the first Royal Exchange in 1571.
Thomas Gresham was a cockney, born within the sound of Bow Bells on Cheapside, around 1519. He attended St Paul’s School and Gonville College (later to become Gonville and Caius), Cambridge. In 1543 the Mercers’ Company admitted the 24-year-old Gresham as a liveryman dealing in cloth.
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Sir Thomas Gresham (1519–79) is the best known of all 16th-century English merchants and financiers. Gresham served four Tudor monarchs, managed to keep his head, and all the while made money. He helped to make London a great international financial centre by importing from Antwerp the idea of a ‘bourse’ or