Gresham Professor of Law was created in 1596.

Bad money drives good money out of circulation

Augusta Gresham Bagwell has written:

'Gresham family' -- subject(s): Accessible book

Walter Quintin Gresham has written:

'Walter Quintin Gresham papers' -- subject(s): Correspondence, Politics and government, United States. Army, Presidents, Lotteries, United States, Annexation to the United States, Election, Sealing, Law, United States. Dept. of State, United States. Post Office Dept., History

Gresham's law is an economic principle that states: "When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."