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Gresham's Law: The Life and World of Queen Elizabeth I's Banker

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Thomas Gresham was arguably the first true wizard of global finance. He rose through the mercantile worlds of London and Antwerp to become the hidden power behind three out of the five Tudor monarchs. Today his name is remembered in economic doctrines, in the institutions he founded and in the City of London's position at the economic centre of the earth.

Without Gresham, England truly might have become a vassal state. His manoeuvring released Elizabeth from a crushing burden of debt and al...