After Gresham's death in 1895, Landis refused an offer of an ambassadorship, and returned to Chicago to practice law and marry.

Following Gresham's law, silver poured into the USA, which traded with other silver nations, and gold moved out.

Critics contended that the inflation which would follow the introduction of such a policy would harm workers, whose wages would not rise as fast as prices would, and the operation of Gresham's law would drive gold from circulation, effectively placing the United States on a silver standard.

Gresham's law is named after Sir Thomas Gresham ( 1519 – 1579 ), who was an English financier during the Tudor dynasty.

Gresham's law states that any circulating currency consisting of both " good " and " bad " money ( both forms required to be accepted at equal value under legal tender law ) quickly becomes dominated by the " bad " money.

The principles of Gresham's law can sometimes be applied to different fields of study.

Gresham's law may be generally applied to any circumstance in which the " true " value of something is markedly different from the value people are required to accept, due to factors such as lack of information or governmental decree.

Vice President Spiro Agnew, used Gresham's law in describing American news media, stating that " Bad news drives out good news ," although his argument was closer to that of a race to the bottom for higher ratings rather than over and undervaluing certain kinds of news.

Gresham's law has been cited as " Silver currency will inevitably force gold currency out of circulation " ( L. Pyenson, Servants of Nature ( W. W. Norton, 1999 ) p. 21 ); this suggests a fundamental misinterpretation, cf.

simple: Gresham's law

Radford documented the way that this ' cigarette currency ' was subject to Gresham's law, inflation, and especially deflation.

Gresham's law takes its name from him ( although others, including the astronomer Nicolaus Copernicus, had recognized the concept for years ) because he urged Queen Elizabeth to restore the debased currency of England.

* Gresham's law

# REDIRECT Gresham's law

During this period large quantities of inferior quality European coins circulated alongside the high-quality English coins, producing a real-life example of Gresham's law as English coins were smuggled to the continent to be melted down, alloyed with other metals and remanufactured as fake pennies and returned to England.

This removal of all the silver meant that most of the earlier coins which contained silver were removed from circulation fairly quickly ( see Gresham's law ).

Others take a different view, blaming a combination of the Second Bank of the United States, Mexican bimetallism ( which drove Mexican silver out of Mexican circulation according to Gresham's Law, and into America where it was legal tender ), legal tender law, fractional reserve banking, and state government deficit spending, which dramatically increased the money and credit supply, decreased interest rates, and led to erroneous investment decisions before and up to 1837, according to the Austrian Theory of the Business Cycle.

* Gresham's law

" Gresham's law is therefore a specific application of the general law of price controls.

# REDIRECT Gresham's law

# REDIRECT Gresham's law

* Gresham's law

This is an example of Gresham's Law.

* 1903 – The new Gresham's School is officially opened by Field Marshal Sir Evelyn Wood.

* December 25 – Thomas Cooper, former Usher of Gresham's School, England, is hanged as a Royalist rebel.

* Gresham's School is founded by Sir John Gresham in England.

* Gresham's School is granted a Royal Charter in England.

The Bishop's Palace, also known as Gresham's Castle, is an ornate Victorian house located on Broadway and 14th Street in the East End Historic District of Galveston, Texas.

Holt is the seat of Gresham's School, a long-established public school founded in 1555 by Sir John Gresham, originally for boys only but co-educational since 1971.

The grasshopper is the crest above Gresham's coat of arms.

Its eastern end is close to Gresham's house in Bishopsgate, now the site of Tower 42.

The result is that a market in which there is asymmetric information with respect to quality shows characteristics similar to those described by Gresham's Law: the bad drives out the good ( although Gresham's Law applies to a different situation ).

She makes a point similar to Douglas Gresham's — each grief is different even if they do bear similarities.

* Sir Thomas Gresham ( c. 1519 – 1579 ), after whom Gresham's Law is named, founder of Gresham College

The Marker " Gresham's Division " is situated on the northern side of Memorial Drive between the intersections of Clay Street and Eastside Drive.

The Marker " McPherson's Last Ride " is situated near " Gresham's Division " and details General James B. McPhersons ride to what is currently the intersection of McPherson Ave. and Monument Dr. in East Atlanta where he was killed in action ; shot while refusing to surrender in attempted escape.

One of the concerns of the Irish discussed in the first letter was over what is now known as Gresham's law: debased coins would cause silver and gold coinage to be hoarded or removed from the country, which would further debase the currency.

Economically, Sir Thomas Gresham's founding of the Royal Exchange ( 1565 ), the first stock exchange in England and one of the earliest in Europe, proved to be a development of the first importance, for the economic development of England and soon for the world as a whole.

It was observed as early as Oresme, Copernicus and then in 1558 by Sir Thomas Gresham, that bad money drives out good in any marketplace ( Gresham's Law states " Where legal tender laws exist, bad money drives out good money ").

The government sought Gresham's advice in all their money difficulties, and also frequently employed him in various diplomatic missions.

For one season Holt played their matches at Gresham's School.

Intwood Hall, near Norwich, one of Gresham's residences

The fictional heroine of the stories, Ursula Blanchard, lived in Antwerp with her first husband while he worked as one of Gresham's agents.

He was born 8 July 1955, educated at Gresham's School and the Royal Agricultural College, Cirencester, married in 1978 Rachel Caroline Vincent Millett, and has one son and three daughters: Fiona Joan Margaret ( b. 1979 ), Sarah Barbara Sibell ( b. 1981 ), Charles Edward Millett ( b. 1983 ), and Julia Rachel Caroline ( b. 1984 ).