founder of londons royal exchange in the 16th century
Royal Exchange, London The Royal Exchange in London was founded in the 16th century by the merchant Thomas Gresham on the suggestion of his factor Richard Clough to act as a centre of commerce for the City of London.[1] The site was provided by the City of London Corporation and the Worshipful Company of Mercers, who still jointly own the freehold. It is trapezoidal in shape and is flanked by Cornhill and Threadneedle Street, which converge at Bank junction in the heart of the City. The building's original design was inspired by a bourse Gresham had seen in Antwerp and was Britain's first specialist commercial building.
English overseas possessions The first English overseas settlements were established in Ireland, quickly followed by others in North America, Bermuda, and the West Indies, and by trading posts called "factories" in the East Indies, such as Bantam, and in the Indian subcontinent, beginning with Surat. In 1639, a series of English fortresses on the Indian coast was initiated with Fort St George. In 1661, the marriage of King Charles II to Catherine of Braganza brought him as part of her dowry new possessions which until then had been Portuguese, including Tangier in North Africa and Bombay in India.