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Roman commerce

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A Roman fresco from Pompeii, 1st century AD, depicting a Maenad in silk dress, Naples National Archaeological Museum; silks came from the Han dynasty of China along the Silk Road, a valuable trade commodity in the Roman empire, whereas Roman glasswares made their way to Han China via land and sea.[1]
A Roman fresco from Pompeii, 1st century AD, depicting a Maenad in silk dress, Naples National Archaeological Museum; silks came from the Han dynasty of China along the Silk Road, a valuable trade commodity in the Roman empire, whereas Roman glasswares made their way to Han China via land and sea.[1]

Roman commerce was a major sector of the Roman economy during the later generations of the Republic and throughout most of the imperial period. Fashions and trends in historiography and in popular culture have tended to neglect the economic basis of the empire in favor of the lingua franca of Latin and the exploits of the Roman legions. The language and the legions were supported by trade and were part of its backbone. The Romans were businessmen, and the longevity of their empire was caused by their commercial trade.

Whereas in theory members of the Roman Senate and their sons were restricted when engaging in trade,[2] the members of the equestrian order were involved in businesses despite their upper-class values, which laid the emphasis on military pursuits and leisure activities. Plebeians and freedmen held shop or manned stalls at markets, and vast numbers of slaves did most of the hard work. The slaves were themselves also the subject of commercial transactions. Probably because of their high proportion in society compared to that in Classical Greece, the reality of runaways, and the Servile Wars and minor uprisings, they gave a distinct flavor to Roman commerce.

The intricate, complex, and extensive accounting of Roman trade was conducted with counting boards and the Roman abacus. The abacus, which used Roman numerals, was ideally suited to the counting of Roman currency and tallying of Roman measures.

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Roman economy

Roman economy

The study of the Roman economy, which is, the economies of the ancient city-state of Rome and its empire during the Republican and Imperial periods remains highly speculative. There are no surviving records of business and government accounts, such as detailed reports of tax revenues, and few literary sources regarding economic activity. Instead, the study of this ancient economy is today mainly based on the surviving archeological and literary evidence that allow researchers to form conjectures based on comparisons with other more recent pre-industrial economies.

Roman Republic

Roman Republic

The Roman Republic was a form of government of Rome and the era of the classical Roman civilization when it was run through public representation of the Roman people. Beginning with the overthrow of the Roman Kingdom and ending in 27 BC with the establishment of the Roman Empire, Rome's control rapidly expanded during this period—from the city's immediate surroundings to hegemony over the entire Mediterranean world.

Roman Empire

Roman Empire

The Roman Empire was the post-Republican period of ancient Rome. As a polity, it included large territorial holdings around the Mediterranean Sea in Europe, North Africa, and Western Asia, and was ruled by emperors. From the accession of Caesar Augustus as the first Roman emperor to the military anarchy of the 3rd century, it was a Principate with Italia as the metropole of its provinces and the city of Rome as its sole capital. The Empire was later ruled by multiple emperors who shared control over the Western Roman Empire and the Eastern Roman Empire. The city of Rome remained the nominal capital of both parts until AD 476 when the imperial insignia were sent to Constantinople following the capture of the Western capital of Ravenna by the Germanic barbarians. The adoption of Christianity as the state church of the Roman Empire in AD 380 and the fall of the Western Roman Empire to Germanic kings conventionally marks the end of classical antiquity and the beginning of the Middle Ages. Because of these events, along with the gradual Hellenization of the Eastern Roman Empire, historians distinguish the medieval Roman Empire that remained in the Eastern provinces as the Byzantine Empire.

Historiography

Historiography

Historiography is the study of the methods of historians in developing history as an academic discipline, and by extension is any body of historical work on a particular subject. The historiography of a specific topic covers how historians have studied that topic using particular sources, techniques, and theoretical approaches. Scholars discuss historiography by topic—such as the historiography of the United Kingdom, that of WWII, the pre-Columbian Americas, early Islam, and China—and different approaches and genres, such as political history and social history. Beginning in the nineteenth century, with the development of academic history, there developed a body of historiographic literature. The extent to which historians are influenced by their own groups and loyalties—such as to their nation state—remains a debated question.

Lingua franca

Lingua franca

A lingua franca, also known as a bridge language, common language, trade language, auxiliary language, vehicular language, or link language, is a language systematically used to make communication possible between groups of people who do not share a native language or dialect, particularly when it is a third language that is distinct from both of the speakers' native languages.

Latin

Latin

Latin is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area around present-day Rome, but through the power of the Roman Republic it became the dominant language in the Italian region and subsequently throughout the Roman Empire. Even after the fall of Western Rome, Latin remained the common language of international communication, science, scholarship and academia in Europe until well into the 18th century, when other regional vernaculars supplanted it in common academic and political usage, and it eventually became a dead language in the modern linguistic definition.

Roman Senate

Roman Senate

The Roman Senate was a governing and advisory assembly in ancient Rome. It was one of the most enduring institutions in Roman history, being established in the first days of the city of Rome. It survived the overthrow of the Roman monarchy in 509 BC; the fall of the Roman Republic in the 1st century BC; the division of the Roman Empire in AD 395; and the fall of the Western Roman Empire in 476; Justinian's attempted reconquest of the west in the 6th century, and lasted well into the Eastern Roman Empire's history.

Classical Greece

Classical Greece

Classical Greece was a period of around 200 years in Ancient Greece, marked by much of the eastern Aegean and northern regions of Greek culture gaining increased autonomy from the Persian Empire; the peak flourishing of democratic Athens; the First and Second Peloponnesian Wars; the Spartan and then Theban hegemonies; and the expansion of Macedonia under Philip II. Much of the early defining politics, artistic thought, scientific thought, theatre, literature and philosophy of Western civilization derives from this period of Greek history, which had a powerful influence on the later Roman Empire. Part of the broader era of classical antiquity, the classical Greek era ended after Philip II's unification of most of the Greek world against the common enemy of the Persian Empire, which was conquered within 13 years during the wars of Alexander the Great, Philip's son.

Roman abacus

Roman abacus

The Ancient Romans developed the Roman hand abacus, a portable, but less capable, base-10 version of earlier abacuses like those that were used by the Greeks and Babylonians.

Roman numerals

Roman numerals

Roman numerals are a numeral system that originated in ancient Rome and remained the usual way of writing numbers throughout Europe well into the Late Middle Ages. Numbers are written with combinations of letters from the Latin alphabet, each letter with a fixed integer value. Modern style uses only these seven:

Roman currency

Roman currency

Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. From its introduction to the Republic, during the third century BC, well into Imperial times, Roman currency saw many changes in form, denomination, and composition. A persistent feature was the inflationary debasement and replacement of coins over the centuries. Notable examples of this followed the reforms of Diocletian. This trend continued into Byzantine times.

Ancient Roman units of measurement

Ancient Roman units of measurement

The ancient Roman units of measurement were primarily founded on the Hellenic system, which in turn was influenced by the Egyptian and the Mesopotamian system. The Roman units were comparatively consistent and well documented.

Negotiatores, mercatores and pedlars

Arcus Argentariorum in Rome, a private offering of the argentarii and negotiantes of the Forum Boarium
Arcus Argentariorum in Rome, a private offering of the argentarii and negotiantes of the Forum Boarium

The negotiatores were in part bankers because they lent money on interest. They also bought and sold staples in bulk or did commerce in wholesale quantities of goods. The argentarii acted as agents in public or private auctions, kept deposits of money for individuals, cashed cheques (prescriptiones) and served as moneychangers. In some instances the argentarii are considered a subset of the negotiatores and in others as a group apart. The argentarii sometimes did the same kind of work as the mensarii, who were public bankers appointed by the state. They kept strict books, called tabulae, which were treated as legal proof by the courts.

The mercatores were usually plebeians or freedmen. They were present in all the open-air markets or covered shops, manning stalls or hawking goods by the side of the road. They were also present near Roman military camps during campaigns. They sold food and clothing to the soldiers and paid cash for any booty coming from military activities.

There is some information on the economy of Roman Palestine from Jewish sources of around the 3rd century AD. Itinerant pedlars (rochel) took spices and perfumes to the rural population.[3] This suggests that the economic benefits of the Empire did reach, at least, the upper levels of the peasantry.

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Banking in ancient Rome

Banking in ancient Rome

In ancient Rome there were a variety of officials tasked with banking. These were the argentarii, mensarii, coactores, and nummulari. The argentarii were money changers. The role of the mensarii was to help people through economic hardships, the coactores were hired to collect money and give it to their employer, and the nummulari minted and tested currency. They offered credit systems and loans. Between 260 and the fourth century CE Roman bankers disappear from the historical record, likely because of economic difficulties caused by the debasement of the currency.

Arcus Argentariorum

Arcus Argentariorum

The Arcus Argentariorum, is an ancient Roman arch that was partly incorporated in the seventh century into the western wall of the nearby church of San Giorgio al Velabro in Rome, Italy.

Forum Boarium

Forum Boarium

The Forum Boarium was the cattle market or forum venalium of ancient Rome. It was located on a level piece of land near the Tiber between the Capitoline, the Palatine and Aventine hills. As the site of the original docks of Rome, the Forum Boarium experienced intense commercial activity.

Usury

Usury

Usury is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a usurer, but in modern colloquial English may be called a loan shark.

Commercial infrastructure

Principal Roman trade routes, internal and external in 180 AD
Principal Roman trade routes, internal and external in 180 AD

The Forum Cuppedinis in ancient Rome was a market which offered general goods. At least four other large markets specialized in specific goods such as cattle, wine, fish and herbs and vegetables, but the Roman Forum drew the bulk of the traffic. All new cities, like Timgad, were laid out according to an orthogonal grid plan which facilitated transportation and commerce. These cities were connected by good roads. Navigable rivers were extensively used and some canals were dug, but neither leave such clear archaeological traces as roads. Consequently, they tend to be underestimated. Maintaining peace was a major factor in the expansion of trade. All settlements--especially the smaller ones--could be located in economically rational positions. Before and after the Roman Empire, hilltop defensive positions were preferred for small settlements and piracy made coastal settlement particularly hazardous for all but the largest cities.

By the 1st century, the provinces of the Roman Empire were trading huge volumes of commodities to one another via sea routes. There was an increasing tendency for specialization, particularly in manufacturing, agriculture and mining. Some provinces specialized in producing certain types of goods, such as grain in Egypt and North Africa and wine and olive oil in Italy, Hispania, and Greece.

Knowledge of the Roman economy is extremely patchy. The vast bulk of traded goods, being agricultural, normally leave no direct remains. Very exceptionally, as at Berenice, there is evidence of long distance trade in black pepper, almonds, hazelnuts, stone pine cones, walnuts, coconuts, apricots and peaches besides the more expected figs, raisins and dates. The wine, olive oil and garum (fermented fish sauce) trades were exceptional in leaving amphorae behind. There is a single reference of the Syrian export of kipi stiff quince jam or marmalade to Rome.[4][5]

Land routes

Even before the Roman Republic, the Roman Kingdom was engaged in regular commerce using the river Tiber. Before the Punic Wars completely changed the nature of commerce in the Mediterranean, the Republic had important commercial exchanges with Carthage. It entered into several commercial and political agreements with its rival city in addition to engaging in simple retail trading. The Roman Empire traded with the Chinese (via Parthian and other intermediaries) over the Silk Road.

Sea routes

River vessel carrying barrels, assumed to be wine
River vessel carrying barrels, assumed to be wine

Maritime archeology and ancient manuscripts from classical antiquity show evidence of vast Roman commercial fleets. The most substantial remains from this commerce are the infrastructure remains of harbors, moles, warehouses and lighthouses at ports such as Civitavecchia, Ostia, Portus, Leptis Magna and Caesarea Maritima. At Rome itself, Monte Testaccio is a tribute to the scale of this commerce. As with most Roman technology, the Roman seagoing commercial ships had no significant advances over Greek ships of the previous centuries, though the lead sheeting of hulls for protection seems to have been more common. The Romans used round hulled sailing ships. Continuous Mediterranean "police" protection over several centuries was one of the main factors of success of Roman commerce, given that Roman roads were designed more for feet or hooves – with most land trade moving by pack mule – than for wheels, and could not support the economical transport of goods over long distances. The Roman ships used would have been easy prey for pirates had it not been for the fleets of liburna galleys and triremes of the Roman navy.

A small coaster
A small coaster

Bulky, low-value commodities, like grain and construction materials, were traded only by sea routes, since the cost of sea transportation was sixty times lower than land.[6] Staple goods and commodities like cereals for making bread and papyrus scrolls for book production were imported from Ptolemaic Egypt to Italy in a continuous fashion.

The trade over the Indian Ocean blossomed in the 1st and 2nd century AD. The sailors made use of the monsoon to cross the ocean from the ports of Berenice, Leukos Limen[7] and Myos Hormos on the Red Sea coast of Roman Egypt to the ports of Muziris and Nelkynda in the Malabar Coast. The main trading partners in southern India were the Tamil dynasties of the Pandyas, Cholas and Cheras. Many Roman artifacts have been found in India; for example, at the archaeological site of Arikamedu, in Puducherry. Meticulous descriptions of the ports and items of trade around the Indian Ocean can be found in the Greek work Periplus of the Erythraean Sea (see article on Indo-Roman trade).

Standard weights and measures

A standard amphora, the amphora capitolina, was kept in the temple of Jupiter on the Capitoline Hill in Rome, so that others could be compared to it. The Roman system of measurement was built on the Greek system with Egyptian influences. Much of it was based on weight. The Roman units were accurate and well documented. Distances were measured, and systematically inscribed on stone by agents of the government.

A fairly standard and fairly stable and abundant currency, at least up to circa 200 AD, did much to facilitate trade. (Egypt had its own currency in this period and some provincial cities also issued their own coins.)

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Ancient Rome

Ancient Rome

In modern historiography, Ancient Rome refers to Roman civilisation from the founding of the Italian city of Rome in the 8th century BC to the collapse of the Western Roman Empire in the 5th century AD. It encompasses the Roman Kingdom, Roman Republic and Roman Empire until the fall of the western empire.

Cattle

Cattle

Cattle are large, domesticated, cloven-hooved, herbivores. They are a prominent modern member of the subfamily Bovinae and the most widespread species of the genus Bos. Adult females are referred to as cows and adult males are referred to as bulls.

Fish

Fish

Fish are aquatic, craniate, gill-bearing animals that lack limbs with digits. Included in this definition are the living hagfish, lampreys, and cartilaginous and bony fish as well as various extinct related groups. Approximately 95% of living fish species are ray-finned fish, belonging to the class Actinopterygii, with around 99% of those being teleosts.

Grid plan

Grid plan

In urban planning, the grid plan, grid street plan, or gridiron plan is a type of city plan in which streets run at right angles to each other, forming a grid.

Piracy

Piracy

Piracy is an act of robbery or criminal violence by ship or boat-borne attackers upon another ship or a coastal area, typically with the goal of stealing cargo and other valuable goods. Those who conduct acts of piracy are called pirates, vessels used for piracy are pirate ships. The earliest documented instances of piracy were in the 14th century BC, when the Sea Peoples, a group of ocean raiders, attacked the ships of the Aegean and Mediterranean civilisations. Narrow channels which funnel shipping into predictable routes have long created opportunities for piracy, as well as for privateering and commerce raiding. Historic examples include the waters of Gibraltar, the Strait of Malacca, Madagascar, the Gulf of Aden, and the English Channel, whose geographic structures facilitated pirate attacks. The term piracy generally refers to maritime piracy, although the term has been generalized to refer to acts committed on land, in the air, on computer networks, and, outer space. Piracy usually excludes crimes committed by the perpetrator on their own vessel, as well as privateering, which implies authorization by a state government.

Mining in ancient Rome

Mining in ancient Rome

Mines in ancient Rome used hydraulic mining and shaft mining techniques with tools such as the Archimedes screw. The materials they produced were used to craft pipes or construct buildings. Quarries were often built through trial trenching and they used tools such as wedges to break the rock apart, which would then be transported using cairns and slipways. Mines typically used slaves and lower-class individuals to extract and process ore. Usually their working conditions were dangerous and inhumane, resulting in frequent accidents and even suicidal ideation. These areas were divided into districts and were regulated by several laws such as the lex metalli vispascensis.

Roman Egypt

Roman Egypt

Egypt was a subdivision of the Roman Empire from Rome's invasion of the Ptolemaic Egyptian Kingdom after the battle of Alexandria in 30 BC to its loss by the Byzantine Empire to the Islamic conquests in AD 641. The province encompassed most of modern-day Egypt except for the Sinai, and was bordered by the provinces of Crete and Cyrenaica to the west and Judea, later Arabia Petraea, to the East. Egypt came to serve as a major producer of grain for the empire and had a highly developed urban economy. Aegyptus was by far the wealthiest Eastern Roman province, and by far the wealthiest Roman province outside of Italy. The population of Roman Egypt is unknown, although estimates vary from 4 to 8 million. Alexandria, its capital, was the largest port and second largest city of the Roman Empire.

North Africa

North Africa

North Africa, or Northern Africa, is a region encompassing the northern portion of the African continent. There is no singularly accepted scope for the region, and it is sometimes defined as stretching from the Atlantic shores of Mauritania in the west, to Egypt's Suez Canal in the east.

Ancient Rome and wine

Ancient Rome and wine

Ancient Rome played a pivotal role in the history of wine. The earliest influences on the viticulture of the Italian peninsula can be traced to ancient Greeks and the Etruscans. The rise of the Roman Empire saw both technological advances in and burgeoning awareness of winemaking, which spread to all parts of the empire. Rome's influence has had a profound effect on the histories of today's major winemaking regions in France, Germany, Italy, Portugal and Spain.

Hispania

Hispania

Hispania was the Roman name for the Iberian Peninsula and its provinces. Under the Roman Republic, Hispania was divided into two provinces: Hispania Citerior and Hispania Ulterior. During the Principate, Hispania Ulterior was divided into two new provinces, Baetica and Lusitania, while Hispania Citerior was renamed Hispania Tarraconensis. Subsequently, the western part of Tarraconensis was split off, first as Hispania Nova, later renamed "Callaecia". From Diocletian's Tetrarchy onwards, the south of the remainder of Tarraconensis was again split off as Carthaginensis, and all of the mainland Hispanic provinces, along with the Balearic Islands and the North African province of Mauretania Tingitana, were later grouped into a civil diocese headed by a vicarius. The name Hispania was also used in the period of Visigothic rule.

Berenice

Berenice

Berenice is the Ancient Macedonian form of the Attic Greek name Φερενίκη Pherenikē, which means "bearer of victory" from Ancient Greek φέρω (pherō) 'to bear', and νίκη (nikē) 'victory'. Berenika, priestess of Demeter in Lete ca. 350 BC, is the oldest epigraphical evidence. The name also has the form Bernice.

Garum

Garum

Garum is a fermented fish sauce that was used as a condiment in the cuisines of Phoenicia, ancient Greece, Rome, Carthage and later Byzantium. Liquamen is a similar preparation, and at times they were synonymous. Although garum enjoyed its greatest popularity in the Western Mediterranean and the Roman world, it was earlier used by the Greeks.

Contacts with India and China

Alexander the Great had conquered as far as India, and the Roman god Bacchus was also said to have journeyed there. The Far East, like sub-Saharan Africa, was a mysterious land to the Romans.

India

Gold coin of Claudius (50-51 CE) excavated in South India.
Gold coin of Claudius (50-51 CE) excavated in South India.

There was an Indian in Augustus's retinue (Plut. Alex. 69.9), and he received embassies from India (Res Gestae, 31); one which met him in Spain in 25 BC, and one at Samos in 20 BC.

The trade over the Indian Ocean blossomed in the 1st and 2nd century AD. The sailors made use of the monsoon to cross the ocean from the ports of Berenice, Leulos Limen and Myos Hormos on the Red Sea coast of Roman Egypt to the ports of Muziris and Nelkynda in Malabar coast[8] and.[9] The main trading partners in southern India were the Tamil dynasties of the Pandyas, Cholas and Cheras. Meticulous descriptions of the ports and items of trade around the Indian Ocean can be found in the Greek Periplus of the Erythraean Sea. In Latin texts, the term Indians (Indi) designated all Asians, Indian and beyond.

The main articles imported from India were spices such as pepper, cardamom, cloves, cinnamon, sandal wood and gems such as pearls, rubies, diamonds, emeralds and ivory. In exchange the Romans traded silver and gold. Hoards of Roman coins have been found in southern India during the history of Roman-India trade. Roman objects have been found in India in the seaside port city of Arikamedu, which was one of the trade centers.[10]

Pomponius Mela argued for the existence of Northeast Passage through the northward strait out of the Caspian Sea (which in Antiquity was usually thought to be open to Oceanus in the north). [11]

China

Green Roman glass cup unearthed from an Eastern Han Dynasty (25-220 AD) tomb, Guangxi, China; the first Roman glassware discovered in China, dated early 1st century BC, was excavated from a Western Han tomb in the southern port city of Guangzhou, most likely arriving via the Indian Ocean and South China Sea.[12]
Green Roman glass cup unearthed from an Eastern Han Dynasty (25-220 AD) tomb, Guangxi, China; the first Roman glassware discovered in China, dated early 1st century BC, was excavated from a Western Han tomb in the southern port city of Guangzhou, most likely arriving via the Indian Ocean and South China Sea.[12]

There is suggestive archaeological evidence that Roman traders were present in Southeast Asia, which was roughly mapped out by Ptolemy in his Geography where he labelled the land bordering the Magnus Sinus (i.e., the Gulf of Thailand and South China Sea) as the Sinae.[13] Their port city of "Cattigara", lying beyond the Golden Chersonese (Malay Peninsula) where a Greek sailor named Alexander allegedly visited, was quite possibly the ancient settlement at Oc Eo, Vietnam, where Roman artefacts from the Antonine period such as medallions from the reigns of Antoninus Pius (r. 138–161) and Marcus Aurelius (r. 161–180) have been found.[14] An event recorded in the Chinese Weilue and Book of Later Han for the year 166 seems directly connected to this activity, since these texts claim that an embassy from "Daqin" (i.e., the Roman Empire) sent by their ruler "An Dun" (Chinese: 安敦; i.e., either Antoninus Pius or Marcus Aurelius) landed in the southern province of Jiaozhi (i.e., northern Vietnam) and presented tributary gifts to the Chinese ruler Emperor Huan of Han.[15] Rafe de Crespigny and Warwick Ball contend that these were most likely Roman merchants, not official diplomats sent by Marcus Aurelius (given the absence of this event in Roman sources).[16][17]

Despite two other Roman embassies recorded in Chinese sources for the 3rd century and several more by the later Byzantine Empire (Chinese: 拂菻; Pinyin: Fú lǐn),[15][17] only sixteen Roman coins from the reigns of Tiberius (r. 14–37 AD) to Aurelian (r. 270–275 AD) have been found in China at Xi'an that pre-date the greater amount of Eastern Roman (i.e., Byzantine) coins from the 4th century onwards.[18][19] Yet this is also dwarfed by the amount of Roman coins found in India, which would suggest that this was the region where the Romans purchased most of their Chinese silk.[18] For that matter, the spice trade remained more important to the Roman economy than the silk one.[20]

From the 3rd century a Chinese text, the Weilüe, describes the products of the Roman Empire and the routes to it.[21]

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Alexander the Great

Alexander the Great

Alexander III of Macedon, commonly known as Alexander the Great, was a king of the ancient Greek kingdom of Macedon. He succeeded his father Philip II to the throne in 336 BC at the age of 20, and spent most of his ruling years conducting a lengthy military campaign throughout Western Asia and Egypt. By the age of 30, he had created one of the largest empires in history, stretching from Greece to northwestern India. He was undefeated in battle and is widely considered to be one of history's greatest and most successful military commanders.

Aureus

Aureus

The aureus was a gold coin of ancient Rome originally valued at 25 pure silver denarii. The aureus was regularly issued from the 1st century BC to the beginning of the 4th century AD, when it was replaced by the solidus. The aureus was about the same size as the denarius, but heavier due to the higher density of gold.

Claudius

Claudius

Tiberius Claudius Caesar Augustus Germanicus was the fourth Roman emperor, ruling from AD 41 to 54. A member of the Julio-Claudian dynasty, Claudius was born to Drusus and Antonia Minor at Lugdunum in Roman Gaul, where his father was stationed as a military legate. He was the first Roman emperor to be born outside Italy. Nonetheless, Claudius was an Italian of Sabine origins.

Augustus

Augustus

Caesar Augustus, also known as Octavian, was the first Roman emperor; he reigned from 27 BC until his death in AD 14. He is known for being the founder of the Roman Principate, which is the first phase of the Roman Empire, and is considered one of the greatest leaders in human history. The reign of Augustus initiated an imperial cult as well as an era associated with imperial peace, the Pax Romana or Pax Augusta. The Roman world was largely free from large-scale conflict for more than two centuries despite continuous wars of imperial expansion on the empire's frontiers and the year-long civil war known as the "Year of the Four Emperors" over the imperial succession.

Indian Ocean

Indian Ocean

The Indian Ocean is the third-largest of the world's five oceanic divisions, covering 70,560,000 km2 (27,240,000 sq mi) or ~19.8% of the water on Earth's surface. It is bounded by Asia to the north, Africa to the west and Australia to the east. To the south it is bounded by the Southern Ocean or Antarctica, depending on the definition in use. Along its core, the Indian Ocean has some large marginal or regional seas such as the Arabian Sea, Laccadive Sea, Bay of Bengal, and Andaman Sea.

Monsoon

Monsoon

A monsoon is traditionally a seasonal reversing wind accompanied by corresponding changes in precipitation but is now used to describe seasonal changes in atmospheric circulation and precipitation associated with annual latitudinal oscillation of the Intertropical Convergence Zone (ITCZ) between its limits to the north and south of the equator. Usually, the term monsoon is used to refer to the rainy phase of a seasonally changing pattern, although technically there is also a dry phase. The term is also sometimes used to describe locally heavy but short-term rains.

Berenice Panchrysos

Berenice Panchrysos

Berenice Panchrysos, was an ancient town of ancient Egypt, near Sabae in the Regio Troglodytica, on the west coast of the Red Sea, between the 20th and 21st degrees of North latitude, in modern-day Sudan. It obtained the appellation of all-golden (Panchrysos) from its vicinity to the gold mines of Jebel Allaqi, from which the ancient Egyptians drew their principal supplies of that metal, and in the working of which they employed criminals and prisoners of war.

Myos Hormos

Myos Hormos

Myos Hormos was a Red Sea port constructed by the Ptolemies around the 3rd century BC. Following excavations carried out recently by David Peacock and Lucy Blue of the University of Southampton, it is thought to have been located on the present-day site of Quseir al-Quadim, eight kilometres north of the modern town of El Qoseir in Egypt.

Muziris

Muziris

Muchiri, commonly anglicized as Muziris was an ancient harbour and an urban centre on the Malabar Coast. Muziris found mention in the Periplus of the Erythraean Sea, the bardic Tamil poems and a number of classical sources. Situated somewhere around the present day Kodungallur, the exact location of Muziris has been a matter of dispute among historians and archaeologists. However, excavations since 2004 at Pattanam, near North Paravur, have led to some experts suggesting that the city was located there.

Chola dynasty

Chola dynasty

The Chola dynasty was a Tamil thalassocratic empire of southern India and one of the longest-ruling dynasties in world history. The earliest datable references to the Chola are from inscriptions dated to the 3rd century BCE during the reign of Ashoka of the Maurya Empire. As one of the Three Crowned Kings of Tamilakam, along with the Chera and Pandya, the dynasty continued to govern over varying territories until the 13th century CE. The Chola Empire was at its peak and achieved imperialism under the Medieval Cholas in the mid-9th century CE.

Chera dynasty

Chera dynasty

The Chera dynasty, IPA: [t͡ʃeːɾɐ], was an ancient Tamil dynasty who are credited as the creators of land of Kerala as they have unified various regions of the western coast and western ghats to form the early Chera empire.

Arikamedu

Arikamedu

Arikamedu is an archaeological site in Southern India, in Kakkayanthope, Ariyankuppam Commune, Puducherry. It is 4 kilometres (2.5 mi) from the capital, Pondicherry of the Indian territory of Puducherry.

Commerce and religion

Mercury, who was originally only the god of the mercatores and the grain trade eventually became the god of all who were involved in commercial activities. On the Mercuralia on May 14, a Roman merchant would do the proper rituals of devotion to Mercury and beseech the god to remove from him and from his belongings the guilt coming from all the cheating he had done to his customers and suppliers.

The elite and a dual mentality on trade

While Livy makes reference to the Lex Claudia (218 BC) restricting senators and sons of senators from owning a ship with greater than 300 amphorae capacity (about seven tons), they were still undoubtedly partaking in trade as Cicero mentions this law when attacking Verres, although he makes no move to charge him.[22]

Senators were still allowed to own and make use of ships under the size restriction, Cato when advising where to build a farm specifically mentions to have it built near an accessible river, road or port to allow transport of goods[23] which is in direct conflict to Livy’s assertion that all profit made through trade by a senator was dishonorable.[24] Senators often utilized free and enslaved agents as a loophole to legal restrictions, thereby allowing themselves to diversify their sources of income.[25]

That is not to say that the acquisition of wealth was not to be desired, Pliny notes that a Roman man should by honorable means acquire a large fortune[26] and Polybius draws a comparison between the attitudes of Carthage and Rome towards profit from trade.[27] Thus starts the confusion in the role of the elite in trade as Terence writes that there is nothing wrong with large scale trade; it is in fact completely honorable and legitimate to import large quantities of product from around the world especially if it happens to lead to a successful trader buying land and investing in Roman agriculture; what is dishonorable is trade on a small scale.[28] Small trade is again shown as vulgar by Tacitus as he describes the involvement of Sempronius Gracchus in petty trade.[29]

Cato himself was involved with trade, although he himself cautioned against it as it was a risky occupation,[30] perhaps this was part of the reasoning to keep senators excluded from the trade business, as if they had a severe misfortune with trading they could fall below the financial threshold of being a senator, whereas comparatively land owning was a far safer investment. Plutarch describes Cato’s involvement in trade in great detail, depicting how he would use a proxy (a freedman by the name of Quintio) to run his business through a group of fifty other men.[31]

The restriction on senators trading was itself passed initially through the tribune of the plebeians, a class of people who the restrictions would not apply to. It is suspected that this reform could have been the equites and other wealthy merchants trying to muscle the senators out from the rapidly expanding trade business.

Discover more about The elite and a dual mentality on trade related topics

Livy

Livy

Titus Livius, known in English as Livy, was a Roman historian. He wrote a monumental history of Rome and the Roman people, titled Ab Urbe Condita, ''From the Founding of the City'', covering the period from the earliest legends of Rome before the traditional founding in 753 BC through the reign of Augustus in Livy's own lifetime. He was on familiar terms with members of the Julio-Claudian dynasty and a friend of Augustus, whose young grandnephew, the future emperor Claudius, he exhorted to take up the writing of history.

Lex Claudia

Lex Claudia

The Lex Claudia also known as the plebiscitum Claudianum or the lex Claudia de nave senatoris, was a Roman law passed in 218 BC. Proposed at the start of the Second Punic War, the law prohibited senators and their sons from owning an "ocean-going ship" which had a capacity of more than 300 amphorae. It was proposed by the tribune Quintus Claudius and supported by a senator Gaius Flaminius. There are no surviving contemporary sources for the law; the only ancient source to explicitly discuss it being the historian Livy. While Cicero does mention the law in his prosecution of Verres in 70 BC, this is only an indirect reference. As such, the ancient evidence is limited and only dates from nearly two centuries later. Nonetheless, modern scholarship has continued to debate the purpose and significance of the lex Claudia.

Cicero

Cicero

Marcus Tullius Cicero was a Roman statesman, lawyer, scholar, philosopher, and academic skeptic, who tried to uphold optimate principles during the political crises that led to the establishment of the Roman Empire. His extensive writings include treatises on rhetoric, philosophy and politics. He is considered one of Rome's greatest orators and prose stylists. He came from a wealthy municipal family of the Roman equestrian order, and served as consul in 63 BC.

Tacitus

Tacitus

Publius Cornelius Tacitus, known simply as Tacitus, was a Roman historian and politician. Tacitus is widely regarded as one of the greatest Roman historians by modern scholars.

Sempronius Gracchus

Sempronius Gracchus

Sempronius Gracchus was a Roman nobleman who seduced Julia the Elder when she was wife of Marcus Agrippa; this led to a long-term affair. Gracchus was involved in an intrigue with the imperial family of Augustus by which he sought to undermine the position of Tiberius. He was married to a woman called Alliaria. His affair was discovered by Augustus who banished him to Cercina where he endured an exile of fourteen years. Most probably he was executed in AD 14 on the orders of Tiberius after his accession. A character by this name is played by Charles Laughton in the 1960 Stanley Kubrick epic film Spartacus.

Commercial classes

The majority of the people of the Roman Empire were living in rural areas, with a small part of the population engaged in commerce being much poorer than the elite. The industrial output was quite low, due to the fact that the poor majority could not pay for the products. Technological advance was hampered by this fact. Urbanization in the western part of the empire was also limited. Slaves accounting for most of the means of industrial output, rather than technology.[32]

Source: "Roman commerce", Wikipedia, Wikimedia Foundation, (2022, November 29th), https://en.wikipedia.org/wiki/Roman_commerce.

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See also
References
  1. ^ An, Jiayao. (2002), "When Glass Was Treasured in China," in Annette L. Juliano and Judith A. Lerner (eds), Silk Road Studies VII: Nomads, Traders, and Holy Men Along China's Silk Road, 79–94, Turnhout: Brepols Publishers, ISBN 2503521789, pp 83-84.
  2. ^ Livy, The History of Rome 21.63
  3. ^ Safrai, Ze'ev (1994). The Economy of Roman Palestine. London: Routledge. p. 78. ISBN 0203204867.
  4. ^ Grant, Mark (2000). Galen on Food and Diet. London: Routledge. p. 129. ISBN 0415232325.
  5. ^ Cappers, R. T. J. (2006). Foodprints at Berenike: Archaeobotanical evidence of subsistence and trade in the Eastern desert of Egypt. Monograph. Vol. 55. Los Angeles: Cotsen Institute of Archaeology UCLA. ISBN 1931745269.
  6. ^ Hopkins, Keith (2017). Sociological Studies in Roman History. Cambridge University Press. p. 169. ISBN 9781139093552.
  7. ^ Young, Gary K. - "Rome's Eastern Trade: International Commerce and Imperial Policy 31 BC - AD 305" - Ed. Routledge, (2003) ISBN 1134547935, 9781134547937 p. 35-48
  8. ^ "Radio 4 - Unearthing Mysteries". BBC. Retrieved 2012-11-07.
  9. ^ "South Asia | Search for India's ancient city". BBC News. 2006-06-11. Retrieved 2012-11-07.
  10. ^ Haywood, John (2000). Historical atlas of the classical world, 500 BC–AD 600. Barnes & Noble Books. p. 46. ISBN 0-7607-1973-X. Arikamedu was a trading port in the 1st century AD: many Roman artifacts have been excavated there.
  11. ^ Book III, Chapter 5 Archived 2006-07-28 at the Wayback Machine, copied by Pliny the Elder.
  12. ^ An, Jiayao. (2002), "When Glass Was Treasured in China," in Annette L. Juliano and Judith A. Lerner (eds), Silk Road Studies VII: Nomads, Traders, and Holy Men Along China's Silk Road, 79–94, Turnhout: Brepols Publishers, ISBN 2503521789, p. 83.
  13. ^ Raoul McLaughlin (2010), Rome and the Distant East: Trade Routes to the Ancient Lands of Arabia, India, and China, London & New York: Continuum, ISBN 9781847252357, pp 58-59.
  14. ^ Gary K. Young (2001), Rome's Eastern Trade: International Commerce and Imperial Policy, 31 BC - AD 305, London & New York: Routledge, ISBN 0-415-24219-3, p. 29.
  15. ^ a b Friedrich Hirth (2000) [1885]. Jerome S. Arkenberg (ed.). "East Asian History Sourcebook: Chinese Accounts of Rome, Byzantium and the Middle East, c. 91 B.C.E. - 1643 C.E." Fordham.edu. Fordham University. Retrieved 2016-09-19.
  16. ^ de Crespigny, Rafe (2007), A Biographical Dictionary of Later Han to the Three Kingdoms (23-220 AD), Leiden: Koninklijke Brill, ISBN 978-90-04-15605-0, p. 600,
  17. ^ a b Warwick Ball (2016), Rome in the East: Transformation of an Empire, 2nd edition, London & New York: Routledge, ISBN 978-0-415-72078-6, p. 152.
  18. ^ a b Warwick Ball (2016), Rome in the East: Transformation of an Empire, 2nd edition, London & New York: Routledge, ISBN 978-0-415-72078-6, p. 154.
  19. ^ The following source, although printed in 2012, is outdated compared to Ball (2016: 154) in regards to the Principate-era coins found at Xi'an: Valerie Hansen (2012), The Silk Road: A New History, Oxford: Oxford University Press, pp 97-98, ISBN 978-0-19-993921-3.
  20. ^ Warwick Ball (2016), Rome in the East: Transformation of an Empire, 2nd edition, London & New York: Routledge, ISBN 978-0-415-72078-6, pp 154, 156.
  21. ^ "Weilue: The Peoples of the West". Depts.washington.edu. 2004-05-23. Retrieved 2012-11-07.
  22. ^ II Verr.V18
  23. ^ Cato De.Agr 1.3
  24. ^ 21.63.3-4
  25. ^ John H. D’Arms, Commerce and Social Standing in Ancient Rome, Harvard University Press, 1981, chapter 3
  26. ^ Pliny NH 7.140
  27. ^ 6.56.1-3)
  28. ^ Terrence 151
  29. ^ Tacitus annas 4.13.2
  30. ^ de.Agr. Praefatio
  31. ^ Plutarch Cato the Elder 21.5ff
  32. ^ Haywood, John (2000). Historical atlas of the classical world, 500 BC–AD 600. Barnes & Noble Books. p. 27. ISBN 0-7607-1973-X. the empire's commercial classes remained small and enjoyed neither wealth nor the status of the landowning aristocracy...most production in the empire was small scale and under-capitalized, the rich preferring to invest in land. It is in any case doubtful, in view of the poverty of most of the empire's population, whether the markets existed to support a greater degree of industrial production. This is probably one of the factors behind the surprising lack of technological innovation in the empire...The ready availability of cheap slave labor may also have deterred investment in expensive machinery....But most of the west was too poor and under-populated to support this level of urbanization and towns remained primarily administrative or military centers.
Further reading
  • Bowman, Alan K., and Andrew Wilson. Quantifying the Roman Economy: Methods and Problems. Oxford: Oxford University Press, 2009.
  • Callataÿ, François de. Quantifying the Greco-Roman Economy and Beyond. Bari: Edipuglia, 2014.
  • Duncan-Jones, Richard. Structure and Scale In the Roman Economy. Cambridge: Cambridge University Press, 1990.
  • Garnsey, Peter, and Richard P. Saller. The Roman Empire: Economy, Society and Culture. 2nd edition. Oakland, CA: University of California Press, 2015.
  • Greene, Kevin. The Archaeology of the Roman Economy. Berkeley: University of California Press, 1986.
  • Jones, A. H. M. The Roman Economy: Studies In Ancient Economic and Administrative History. Oxford: Blackwell, 1974.
  • Lewit, Tamara. Agricultural Production In the Roman Economy, A.D. 200-400. Oxford: Tempus Reparatum, 1991.
  • Peacock, D. P. S., and D. F. Williams. Amphorae and the Roman Economy: An Introductory Guide. London: Longman, 1986.
  • Russell, Ben. The Economics of the Roman Stone Trade. 1st edition. New York: Oxford University Press, 2013.
  • Scheidel, Walter. The Cambridge Companion to the Roman Economy. Cambridge: Cambridge University Press, 2012.
  • Scheidel, Walter, Richard P. Saller, and Ian Morris. The Cambridge Economic History of the Greco-Roman World. Cambridge: Cambridge University Press, 2007.
  • Temin, Peter. The Roman Market Economy. Princeton: Princeton University Press, 2013.
  • Tomber, R. Indo-Roman Trade: From Pots to Pepper. London: Duckworth, 2008.
  • Vrba, Eric Michael. Ancient German Identity In the Shadow of the Roman Empire: The Impact of Roman Trade and Contact Along the Middle Danube Frontier, 10 BC - AD 166. Oxford: Archaeopress, 2008.
External links

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