Sir Thomas Gresham
Sir Thomas Gresham [1]
Founder of the Royal Exchange, born in London; son of Sir Richard Gresham, a wealthy mercer, who was knighted and made Lord Mayor in Henry VIII.'s reign; after studying at Cambridge entered the Mercers' Company, and in 1552, as "King's agent" in Antwerp, negotiated important loans with the Flemish merchants; under the Catholic régime of Mary he was dismissed, but was shortly after restored, and in 1559 appointed ambassador in Antwerp; between 1566 and 1571 he carried through his project of erecting an Exchange, and his munificence was further displayed in the founding of a college and eight almshouses; in 1569 he was instrumental in bringing about the important fiscal arrangement of borrowing from home merchants instead of as formerly from foreign merchants (1519-1579).
