THOMAS GRESHAM
(Sir Thomas Gresham the Elder)
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The exact phrase has not been found in Gresham's writings but the idea appeared in a 1558 letter to Queen Elizabeth I. The expression has come to be known as Gresham's Law.
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Sir Thomas Gresham the Elder, 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).
