London's Royal Exchange

(311 words)

Historical Context Note

The Royal Exchange was the “bourse” or primary place for raising financial investment in Londonfrom 1567 to 1939. The idea of creating such an institution circulated in the City of London from the early 16th century whilst Antwerp was the still the dominant European bourse and the place to which English merchants went to raise capital. Such was Antwerp’s dominance that the Company of English Merchant Adventurers had their headquarters there, rather than in London. In the 1520s, a member of this company, Sir Richard Gresham, proposed a similar building for London, but his project failed to attract the support of the King. In the 1560s it fell to his son, Sir Thomas Gresham, to pursue an idea that was gaining s…

Please log in to consult the article in its entirety. If you are not a subscriber, please click here to read about membership. All our articles have been written recently by experts in their field, more than 95% of them university professors.

Clark, Robert. "London's Royal Exchange". The Literary Encyclopedia. First published 17 January 2014; last revised .
[, accessed 22 May 2015.]