"Ytt may pleasse your majesty to understand, thatt the firste occasion of the fall of exchainge did growe by the Kinges majesty, your latte father, in abasinge his quoyne ffrome vi ounces fine too iii ounces fine. Wheruppon the exchainge fell ffrome xxvis. viiid. to xiiis. ivd. which was the occasion thatt all your fine goold was convayd ought of this your realme."
- English financier Thomas Gresham in a letter to the new queen Elizabeth I,
in a passage that 300 years later will become the basis of "Gresham's Law"
stating that "bad money drives out good."
In the year AD 1558...
- Queen Elizabeth I takes the throne of England, succeeding her half-sister Mary I and inaugurating the Elizabethan Era of English history.
- The last of the numerous Italian Wars continues between France and Spain for control of Italy.
- Russian Tsar Ivan the Terrible launches an invasion of Livonia, setting off the 25-year Livonian War pitting Imperial Russia against a host of enemies, including the Livonian Federation, the Polish-Lithuanian Commonwealth, Denmark-Norway, Sweden, and Transylvania.
- In the Battle of Wadi al-Laban, Moroccan sultan Abdallah al-Ghalib halts an attempted invasion of Morocco by Ottoman forces led by Hasan Pasha of Algiers.
- Mary, Queen of Scots, marries Francis, Dauphin of France, at the Notre-Dame cathedral in Paris.
- Scottish religious reformer John Knox publishes his polemic The First Blast of the Trumpet Against the Monstrous Regiment of Women, arguing that female monarchs are contrary to God's will.
- The Polish Postal Service is founded when Polish king Sigismund II appoints Italian merchant Prospero Provana to organize a postal system that private individuals can use but which is funded by the Polish crown.
- The Hamburg Stock Exchange, the oldest stock exchange in Germany, is founded in the free city of Hamburg.
- The University of Jena is founded in Jena, Thuringia, Germany.
- Flemish artist Pieter Bruegel the Elder likely paints his masterpiece Landscape with the Fall of Icarus, now known only from a close copy made by a different artist.
- The Heptaméron, a collection of 72 short stories mainly dealing with love, lust, infidelity, and other romantic and sexual matters written by Marguerite, Queen of Navarre (1492-1549), is first published posthumously.
These people were born in 1558:
These people died in 1558:
1557 - 1558 - 1559
16th century
How they were made