Get Our Extension

Roman economy

From Wikipedia, in a visual modern way
Solidus issued under Constantine II, and on the reverse Victoria, one of the last deities to appear on Roman coins, gradually transforming into an angel under Christian rule[1]
Solidus issued under Constantine II, and on the reverse Victoria, one of the last deities to appear on Roman coins, gradually transforming into an angel under Christian rule[1]

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.

During the early centuries of the Roman Republic, it is conjectured that the economy was largely agrarian and centered on the trading of commodities such as grain and wine.[2] Financial markets were established through such trade, and financial institutions, which extended credit for personal use and public infrastructure, were established primarily by interfamily wealth.[3] In times of agricultural and cash shortfall, Roman officials and moneyers tended to respond by coining money, which happened during the prolonged crisis of the First Punic War and created economic distortion and difficulties.

Following the Punic Wars, during the late Republic and the early Roman Empire, the economy became more monetized and a more sophisticated financial system emerged.[4] Emperors issued coinage stamped with their portraits to disseminate propaganda, to create public goodwill, and to symbolize their wealth and power.[5] The Roman Imperial monetary economy often suffered bouts of inflation in part by emperors who issued money to fund high-profile imperial projects such as public building works or costly wars that offered opportunities for propaganda but little or no material gain.[4]

Emperors of the Antonine and the Severan dynasties overall debased the currency, particularly the denarius, under the pressures of meeting military payrolls.[6] Sudden inflation during the reign of Commodus damaged the credit market.[7] In the mid-200s, the supply of specie contracted sharply.[8] Conditions during the Crisis of the Third Century, such as reductions in long-distance trade, the disruption of mining operations, and the physical transfer of gold coinage outside the empire by invading enemies, greatly diminished the money supply and the banking sector by the year 300.[9] Although Roman coinage had long been fiat money or fiduciary currency, general economic anxieties came to a head under Aurelian, and bankers lost confidence in coins legitimately issued by the central government. Despite Diocletian's introduction of the gold solidus and monetary reforms, the credit market of the Empire never recovered its former robustness.[7]

Discover more about Roman economy related topics

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.

First Punic War

First Punic War

The First Punic War was the first of three wars fought between Rome and Carthage, the two main powers of the western Mediterranean in the early 3rd century BC. For 23 years, in the longest continuous conflict and greatest naval war of antiquity, the two powers struggled for supremacy. The war was fought primarily on the Mediterranean island of Sicily and its surrounding waters, and also in North Africa. After immense losses on both sides, the Carthaginians were defeated.

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.

Roman emperor

Roman emperor

The Roman emperor was the ruler and monarchial head of state of the Roman Empire during the imperial period. The emperors used a variety of different titles throughout history. Often when a given Roman is described as becoming "emperor" in English it reflects his taking of the title augustus. Another title often used was caesar, used for heirs-apparent, and imperator, originally a military honorific. Early emperors also used the title princeps civitatis. Emperors frequently amassed republican titles, notably princeps senatus, consul, and pontifex maximus.

Severan dynasty

Severan dynasty

The Severan dynasty was a Roman imperial dynasty that ruled the Roman Empire between 193 and 235, during the Roman imperial period. The dynasty was founded by the emperor Septimius Severus, who rose to power after the Year of the Five Emperors as the victor of the civil war of 193–197, and his wife, Julia Domna. After the short reigns and assassinations of their two sons, Caracalla and Geta, who succeeded their father in the government of the empire, Julia Domna's relatives themselves assumed power by raising Elagabalus and then Severus Alexander to the imperial office.

Debasement

Debasement

A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.

Denarius

Denarius

The denarius was the standard Roman silver coin from its introduction in the Second Punic War c. 211 BC to the reign of Gordian III, when it was gradually replaced by the antoninianus. It continued to be minted in very small quantities, likely for ceremonial purposes, until and through the Tetrarchy (293–313).

Commodus

Commodus

Commodus was a Roman emperor who ruled from 177 to 192. He served jointly with his father Marcus Aurelius from 177 until the latter's death in 180, and thereafter he reigned alone until his assassination. His reign is commonly thought of as marking the end of a golden age of peace and prosperity in the history of the Roman Empire, known as the Pax Romana.

Coin

Coin

A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. Obverse and its opposite, reverse, refer to the two flat faces of coins and medals. In this usage, obverse means the front face of the object and reverse means the back face. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails.

Crisis of the Third Century

Crisis of the Third Century

The Crisis of the Third Century, also known as the Military Anarchy or the Imperial Crisis, was a period in which the Roman Empire nearly collapsed. The crisis ended due to the military victories of Aurelian and with the ascension of Diocletian and his implementation of reforms in 284.

Aurelian

Aurelian

Aurelian was a Roman emperor, who reigned during the Crisis of the Third Century, from 270 to 275. As emperor, he won an unprecedented series of military victories which reunited the Roman Empire after it had nearly disintegrated under the pressure of barbarian invasions and internal revolts. Born in modest circumstances, near the Danube River, he entered the Roman army in 235 and climbed up the ranks. He went on to lead the cavalry of the emperor Gallienus, until Gallienus' assassination in 268. Following that, Claudius Gothicus became emperor until his own death in 270. Claudius' brother Quintillus ruled the empire for three months, before Aurelian became emperor.

Diocletian

Diocletian

Diocletian, nicknamed "Jovius", was Roman emperor from 284 until his abdication in 305. He was born Diocles to a family of low status in the Roman province of Dalmatia. Diocles rose through the ranks of the military early in his career, eventually becoming a cavalry commander for the army of Emperor Carus. After the deaths of Carus and his son Numerian on a campaign in Persia, Diocles was proclaimed emperor by the troops, taking the name Diocletianus. The title was also claimed by Carus's surviving son, Carinus, but Diocletian defeated him in the Battle of the Margus.

Banking system

The setup of the banking system under the Empire allowed the exchange of extremely large sums without the physical transfer of coins, which led to fiat money. With no central bank, a professional deposit banker (argentarius, coactor argentarius, or later nummularius) received and held deposits for a fixed or indefinite term and lent money to third parties.[10] Generally, available capital exceeded the amount needed by borrowers and so loans were made and credit was extended on risky terms.[7][11] The senatorial elite were involved heavily in private lending, as both creditors and borrowers, and made loans from their personal fortunes on the basis of social connections.[4]

Banks of classical antiquity typically kept less in reserves than the full total of customers' deposits, as they had no incentive to ensure that customers' deposits would be insured in the event of a bank run.[4] It was common consensus among Romans at the time, especially by Seneca's ideologies, that anyone involved in commerce should have access to credit.[12] That tendency toward fiat money caused the money supply to fluctuate consistently.[12]

Discover more about Banking system related topics

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.

Fiat money

Fiat money

Fiat money is a type of currency that is not backed by a commodity, such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was quite rare until the 20th century, but there were some situations where banks or governments stopped honoring redeemability of demand notes or credit notes, usually temporarily. In modern times, fiat money is generally authorized by government regulation.

Deposit account

Deposit account

A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.

Bank run

Bank run

A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system, numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the amount of cash customers may withdraw, either by a imposing a hard limit or by scheduling quick deliveries of cash, encouraging high-return term deposits to reduce on-demand withdrawals or suspending withdrawals altogether.

Seneca the Younger

Seneca the Younger

Lucius Annaeus Seneca the Younger, usually known mononymously as Seneca, was a Stoic philosopher of Ancient Rome, a statesman, dramatist, and, in one work, satirist, from the post-Augustan age of Latin literature.

Money supply

Money supply

In macroeconomics, the money supply refers to the total volume of currency held by the public at a particular point in time. There are several ways to define "money", but standard measures usually include currency in circulation and demand deposits. The central bank of a country may use a definition of what constitutes legal tender for its purposes.

Mining and metallurgy

Landscape resulting from the ruina montium mining technique at Las Médulas, Roman Spain, one of the most important gold mines in the Roman Empire
Landscape resulting from the ruina montium mining technique at Las Médulas, Roman Spain, one of the most important gold mines in the Roman Empire

The main mining regions of the Empire were Spain (gold, silver, copper, tin, lead); Gaul (gold, silver, iron); Britain (mainly iron, lead, tin), the Danubian provinces (gold, iron); Macedonia and Thrace (gold, silver); and Asia Minor (gold, silver, iron, tin). Intensive large-scale mining—of alluvial deposits, and by means of open-cast mining and underground mining—took place from the reign of Augustus up to the early 3rd century AD, when the instability of the Empire disrupted production. The gold mines of Dacia, for instance, were no longer available for Roman exploitation after the province was surrendered in 271. Mining seems to have resumed to some extent during the 4th century.[13]

World production of lead, estimated from Greenland ice cores, peaked in the 1st century AD, and strongly declined thereafter.[14] World production would only surpass Roman levels in the middle of the 18th century.
World production of lead, estimated from Greenland ice cores, peaked in the 1st century AD, and strongly declined thereafter.[14] World production would only surpass Roman levels in the middle of the 18th century.

Hydraulic mining, which Pliny referred to as ruina montium ("ruin of the mountains"), allowed base and precious metals to be extracted on a proto-industrial scale.[15] The total annual iron output is estimated at 82,500 tonnes,.[16] Copper was produced at an annual rate of 15,000 t,[17] and lead at 80,000 t,[18] both production levels unmatched until the Industrial Revolution;[19] Spain alone had a 40 percent share in world lead production.[20] The high lead output was a by-product of extensive silver mining which reached 200 t per annum.[21] At its peak around the mid-2nd century AD, the Roman silver stock is estimated at 10,000 t, five to ten times larger than the combined silver mass of medieval Europe and the Abbasid Caliphate around 800 AD.[22] As an indication of the scale of Roman metal production, lead pollution in the Greenland ice sheet quadrupled over its prehistoric levels during the Imperial era, and dropped again thereafter.[23]

The invention and widespread application of hydraulic mining, namely hushing and ground-sluicing, aided by the ability of the Romans to plan and execute mining operations on a large scale, allowed various base and precious metals to be extracted on a proto-industrial scale only rarely, if ever, matched until the Industrial Revolution.[24] The most common fuel by far for smelting and forging operations, as well as heating purposes, was wood and particularly charcoal, which is nearly twice as efficient.[25] In addition, coal was mined in some regions to a fairly large extent: Almost all major coalfields in Roman Britain were exploited by the late 2nd century AD, and a lively trade along the English North Sea coast developed, which extended to the continental Rhineland, where bituminous coal was already used for the smelting of iron ore.[26]

Annual metal production in metric tons
Output per annum Comment
Iron 82,500 t[27] Based on estimate of iron production at 1.5 kg per head in Roman Britain, extrapolated to population size of 55 million for entire empire[28]
Copper 15,000 t[29] Largest preindustrial producer[30]
Lead 80,000 t[31] Largest preindustrial producer[32]
Silver 11,200 t[33] At its peak around the mid-2nd century AD, Roman stock is estimated at 10,000 t, five to ten times larger than the combined silver mass of medieval Europe and the Caliphate around 800 AD.[34]
Gold 11,119 t[35] Production in Asturia, Callaecia, and Lusitania (all Iberian Peninsula) alone

Discover more about Mining and metallurgy related topics

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.

Las Médulas

Las Médulas

Las Médulas is a historic gold-mining site near the town of Ponferrada in the comarca of El Bierzo. It was the most important gold mine, as well as the largest open-pit gold mine in the entire Roman Empire. Las Médulas Cultural Landscape is listed by UNESCO as a World Heritage Site. Advanced aerial surveys conducted in 2014 using LIDAR have confirmed the wide extent of the Roman-era works.

Danubian provinces

Danubian provinces

The Danubian provinces of the Roman Empire were the provinces of the Lower Danube, within a geographical area encompassing the middle and lower Danube basins, the Eastern Alps, the Dinarides, and the Balkans. They include Noricum, Dacia, the northern part of Dalmatia, Moesia, Scythia Minor, and Pannonia. The Danube defined the region to the north, with the Carpathian Mountains to the north and east. These provinces were important to the Imperial economy as mining regions, and their general significance in the Empire of the 3rd century is indicated by the emperors who came from the region.

Macedonia (Roman province)

Macedonia (Roman province)

Macedonia was a province of the Roman Empire, encompassing the territory of the former Antigonid Kingdom of Macedonia, which had been conquered by Rome in 168 BC at the conclusion of the Third Macedonian War. The province was created in 146 BC, after the Roman general Quintus Caecilius Metellus defeated Andriscus of Macedon, the last self-styled king of Macedonia in the Fourth Macedonian War. The province incorporated the former kingdom of Macedonia with the addition of Epirus, Thessaly, and parts of Illyria, Paeonia and Thrace.

Dacia

Dacia

Dacia was the land inhabited by the Dacians, its core in Transylvania, stretching to the Danube in the south, the Black Sea in the east, and the Tisza in the west. The Carpathian Mountains were located in the middle of Dacia. It thus roughly corresponds to the present-day countries of Romania, as well as parts of Moldova, Bulgaria, Serbia, Hungary, Slovakia, and Ukraine.

Hydraulic mining

Hydraulic mining

Hydraulic mining is a form of mining that uses high-pressure jets of water to dislodge rock material or move sediment. In the placer mining of gold or tin, the resulting water-sediment slurry is directed through sluice boxes to remove the gold. It is also used in mining kaolin and coal.

Base metal

Base metal

A base metal is a common and inexpensive metal, as opposed to a precious metal such as gold or silver. In numismatics, coins often derived their value from the precious metal content; however, base metals have also been used in coins in the past and today.

Precious metal

Precious metal

Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.

Industrial Revolution

Industrial Revolution

The Industrial Revolution was the transition to new manufacturing processes in Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820–1840. This transition included going from hand production methods to machines; new chemical manufacturing and iron production processes; the increasing use of water power and steam power; the development of machine tools; and the rise of the mechanized factory system. Output greatly increased, and a result was an unprecedented rise in population and in the rate of population growth. The textile industry was the first to use modern production methods, and textiles became the dominant industry in terms of employment, value of output, and capital invested.

Early Middle Ages

Early Middle Ages

The Early Middle Ages, sometimes controversially referred to as the Dark Ages, is typically regarded by historians as lasting from the late 5th or early 6th century through the 10th century. They marked the start of the Middle Ages of European history, following the decline of the Western Roman Empire, and preceding the High Middle Ages. The alternative term late antiquity, for the early part of the period, emphasizes elements of continuity with the Roman Empire, while Early Middle Ages is used to emphasize developments characteristic of the earlier medieval period.

Abbasid Caliphate

Abbasid Caliphate

The Abbasid Caliphate was the third caliphate to succeed the Islamic prophet Muhammad. It was founded by a dynasty descended from Muhammad's uncle, Abbas ibn Abd al-Muttalib, from whom the dynasty takes its name. They ruled as caliphs for most of the caliphate from their capital in Baghdad in modern-day Iraq, after having overthrown the Umayyad Caliphate in the Abbasid Revolution of 750 CE (132 AH). The Abbasid Caliphate first centered its government in Kufa, modern-day Iraq, but in 762 the caliph Al-Mansur founded the city of Baghdad, near the ancient Babylonian capital city of Babylon. Baghdad became the center of science, culture and invention in what became known as the Golden Age of Islam. This, in addition to housing several key academic institutions, including the House of Wisdom, as well as a multiethnic and multi-religious environment, garnered it a worldwide reputation as the "Center of Learning".

Greenland ice sheet

Greenland ice sheet

The Greenland ice sheet is a vast body of ice covering 1,710,000 square kilometres (660,000 sq mi), roughly near 80% of the surface of Greenland. It is sometimes referred to as an ice cap, or under the term inland ice, or its Danish equivalent, indlandsis. An acronym, GIS, is frequently used in the scientific literature.

Transportation and communication

The number of dated of shipwrecks discovered provides evidence of the intensity of maritime commerce in the mediterranean sea across different historical periods. One should keep in mind that ships carrying cargoes with marble and ceramic vessels are more likely to be discovered than ships carrying more perishable cargoes.
The number of dated of shipwrecks discovered provides evidence of the intensity of maritime commerce in the mediterranean sea across different historical periods. One should keep in mind that ships carrying cargoes with marble and ceramic vessels are more likely to be discovered than ships carrying more perishable cargoes.

The Roman Empire completely encircled the Mediterranean, which they called "our sea" (mare nostrum).[36] Roman sailing vessels navigated the Mediterranean as well as the major rivers of the Empire, including the Guadalquivir, Ebro, Rhône, Rhine, Tiber and Nile.[37] Transport by water was preferred where possible, as moving commodities by land was more difficult[38] and much more expensive: during Roman times, travel by sea was 50 to 60 times cheaper than travel by land according to Keith Hopkins.[39] During the Roman period, sea trade in the Mediterranean reached its pre-modern peak.[40] Vehicles, wheels, and ships indicate the existence of a great number of skilled woodworkers.[41]

The Roman Empire in the time of Hadrian (r.  117–138), showing the network of main Roman roads.
The Roman Empire in the time of Hadrian (r.  117–138), showing the network of main Roman roads.

Land transport utilized the advanced system of Roman roads. The in-kind taxes paid by communities included the provision of personnel, animals, or vehicles for the cursus publicus, the state mail and transport service established by Augustus. Relay stations were located along the roads every seven to twelve Roman miles, and tended to grow into a village or trading post.[42] A mansio (plural mansiones) was a privately run service station franchised by the imperial bureaucracy for the cursus publicus. The support staff at such a facility included muleteers, secretaries, blacksmiths, cartwrights, a veterinarian, and a few military police and couriers. The distance between mansiones was determined by how far a wagon could travel in a day.[42] Mules were the animal most often used for pulling carts, travelling about 6.4 km/h.[43] As an example of the pace of communication, it took a messenger a minimum of nine days to travel to Rome from Mainz in the province of Germania Superior, even on a matter of urgency.[44] In addition to the mansiones, some taverns offered accommodations as well as food and drink; one recorded tab for a stay showed charges for wine, bread, mule feed, and the services of a prostitute.[45]

Discover more about Transportation and communication related topics

Roman roads

Roman roads

Roman roads were physical infrastructure vital to the maintenance and development of the Roman state, and were built from about 300 BC through the expansion and consolidation of the Roman Republic and the Roman Empire. They provided efficient means for the overland movement of armies, officials, civilians, inland carriage of official communications, and trade goods. Roman roads were of several kinds, ranging from small local roads to broad, long-distance highways built to connect cities, major towns and military bases. These major roads were often stone-paved and metaled, cambered for drainage, and were flanked by footpaths, bridleways and drainage ditches. They were laid along accurately surveyed courses, and some were cut through hills, or conducted over rivers and ravines on bridgework. Sections could be supported over marshy ground on rafted or piled foundations.

Guadalquivir

Guadalquivir

The Guadalquivir is the fifth-longest river in the Iberian Peninsula and the second-longest river with its entire length in Spain. The Guadalquivir is the only major navigable river in Spain. Currently it is navigable from the Gulf of Cádiz to Seville, but in Roman times it was navigable to Córdoba.

Ebro

Ebro

The Ebro is a river of the north and northeast of the Iberian Peninsula, in Spain. It rises in Cantabria and flows 930 kilometres (580 mi), almost entirely in an east-southeast direction. It flows into the Mediterranean Sea forming a delta in the Province of Tarragona, in southern Catalonia. In the Iberian peninsula, it ranks second in length after the Tagus and second in discharge volume, and drainage basin, after the Douro. It is the longest river entirely within Spain; the other two mentioned flow into Portugal. It is also the second-longest river in the Mediterranean basin, after the Nile.

Rhône

Rhône

The Rhône is a major river in France and Switzerland, rising in the Alps and flowing west and south through Lake Geneva and southeastern France before discharging into the Mediterranean Sea. At Arles, near its mouth, the river divides into the Great Rhône and the Little Rhône. The resulting delta forms the Camargue region.

Tiber

Tiber

The Tiber is the third-longest river in Italy and the longest in Central Italy, rising in the Apennine Mountains in Emilia-Romagna and flowing 406 km (252 mi) through Tuscany, Umbria, and Lazio, where it is joined by the River Aniene, to the Tyrrhenian Sea, between Ostia and Fiumicino. It drains a basin estimated at 17,375 km2 (6,709 sq mi). The river has achieved lasting fame as the main watercourse of the city of Rome, which was founded on its eastern banks.

Hadrian

Hadrian

Hadrian was Roman emperor from 117 to 138. He was born in Italica, a Roman municipium founded by Italic settlers in Hispania Baetica. He came from a branch of the gens Aelia that originated in the Picenean town of Hadria, the Aeli Hadriani. His father was of senatorial rank and was a first cousin of Emperor Trajan. Hadrian married Trajan's grand-niece Vibia Sabina early in his career before Trajan became emperor and possibly at the behest of Trajan's wife Pompeia Plotina. Plotina and Trajan's close friend and adviser Lucius Licinius Sura were well disposed towards Hadrian. When Trajan died, his widow claimed that he had nominated Hadrian as emperor immediately before his death.

Cursus publicus

Cursus publicus

The cursus publicus was the state mandated and supervised courier and transportation service of the Roman Empire, later inherited by the Eastern Roman Empire. It was a system based on obligations placed on private persons by the Roman State. As contractors, called mancipes, they provided the equipment, animals, and wagons. In the Early Empire compensation had to be paid but this had fallen into abeyance in Late Antiquity when maintenance was charged to the inhabitants along the routes. The service contained only those personnel necessary for administration and operation. These included veterinarians, wagon-wrights, and grooms. The couriers and wagon drivers did not belong to the service: whether public servants or private individuals, they used facilities requisitioned from local individuals and communities. The costs in Late Antiquity were charged to the provincials as part of the provincial tax obligations in the form of a liturgy/munus on private individual taxpayers.

Mansio

Mansio

In the Roman Empire, a mansio was an official stopping place on a Roman road, or via, maintained by the central government for the use of officials and those on official business whilst travelling.

Germania Superior

Germania Superior

Germania Superior was an imperial province of the Roman Empire. It comprised an area of today's western Switzerland, the French Jura and Alsace regions, and southwestern Germany. Important cities were Besançon (Vesontio), Strasbourg (Argentoratum), Wiesbaden, and Germania Superior's capital, Mainz (Mogontiacum). It comprised the Middle Rhine, bordering on the Limes Germanicus, and on the Alpine province of Raetia to the south-east. Although it had been occupied militarily since the reign of Augustus, Germania Superior was not made into an official province until c. 85 AD.

Prostitution in ancient Rome

Prostitution in ancient Rome

Prostitution in ancient Rome was legal and licensed. Men of any social status were free to engage prostitutes of either sex without incurring moral disapproval, as long as they demonstrated self-control and moderation in the frequency and enjoyment of sex. Brothels were part of the culture of ancient Rome, as popular places of entertainment for Roman men.

Trade and commodities

Green Roman glass cup unearthed from an Eastern Han Dynasty (25-220 AD) tomb, Guangxi, China; the first Roman glassware discovered in China, dating to the 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.[46]
Green Roman glass cup unearthed from an Eastern Han Dynasty (25-220 AD) tomb, Guangxi, China; the first Roman glassware discovered in China, dating to the 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.[46]

Roman provinces traded among themselves, but trade extended outside the frontiers to regions as far away as China and India.[47] The main commodity was grain.[48] Chinese trade was mostly conducted overland through middle men along the Silk Road; Indian trade, however, also occurred by sea from Egyptian ports on the Red Sea. Also traded were olive oil, various foodstuffs, garum (fish sauce), slaves, ore and manufactured metal objects, fibres and textiles, timber, pottery, glassware, marble, papyrus, spices and materia medica, ivory, pearls, and gemstones.[49]

Though most provinces were capable of producing wine, regional varietals were desirable and wine was a central item of trade. Shortages of vin ordinaire were rare.[50] The major suppliers for the city of Rome were the west coast of Italy, southern Gaul, the Tarraconensis region of Spain, and Crete. Alexandria, the second-largest city, imported wine from Laodicea in Syria and the Aegean.[51] At the retail level, taverns or specialty wine shops (vinaria) sold wine by the jug for carryout and by the drink on-premises, with price ranges reflecting quality.[52]

Trade in the early Roman Empire allowed Rome to become as vast and great as it did. Emperor Augustus, despite his intense public and private spending, took control of trade from the government and expanded Roman influence by opening new trading markets in overseas areas such as Britain, Germany, and Africa.[53] Rome dominated trade and influence over the world in the age of the Roman Empire but could not advance in their industrial and manufacturing processes.[53] This ultimately threatened the expanding trading and commerce industries that Augustus brought about, as well as the strong standing of the Empire in the eyes of the Romans and the world.

Whereas the Roman economy was able to thrive in the first few centuries AD thanks to its advanced trade and commerce, the boom was tempered as their ways of conducting business changed drastically. Due to Augustus and the aristocracy holding the large majority of land and wealth in Rome,[53] trade and commerce in the basic everyday commodities began to decline. Trade began to only take place for the more luxurious commodities, effectively excluding the majority of Romans due to their poverty.[53] Foreign trade was also incredibly significant to the rise and complexity of the Roman economy, and the Romans traded commodities such as wine, oil, grain, salt, arms, and iron to countries primarily in the West.[53][37] When those countries came under decline in around 2nd century AD, and respective trade between them and the Roman Empire had to cease as a result, this put a dent in the strength of the Roman economy as foreign trade was a major factor of economic growth for the superfluously resourced Empire.[53] Compounded with their inability to make proper production advancements to keep up with their growing and evolving economy, these events hindered Roman trade, limited their array of commodities and harmed the economy.

Discover more about Trade and commodities related topics

Roman commerce

Roman commerce

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.

Roman glass

Roman glass

Roman glass objects have been recovered across the Roman Empire in domestic, industrial and funerary contexts. Glass was used primarily for the production of vessels, although mosaic tiles and window glass were also produced. Roman glass production developed from Hellenistic technical traditions, initially concentrating on the production of intensely coloured cast glass vessels. However, during the 1st century AD the industry underwent rapid technical growth that saw the introduction of glass blowing and the dominance of colourless or 'aqua' glasses. Production of raw glass was undertaken in geographically separate locations to the working of glass into finished vessels, and by the end of the 1st century AD large scale manufacturing resulted in the establishment of glass as a commonly available material in the Roman world, and one which also had technically very difficult specialized types of luxury glass, which must have been very expensive.

Guangxi

Guangxi

Guangxi, officially the Guangxi Zhuang Autonomous Region (GZAR), is an autonomous region of the People's Republic of China, located in South China and bordering Vietnam and the Gulf of Tonkin. Formerly a province, Guangxi became an autonomous region in 1958. Its current capital is Nanning.

Guangzhou

Guangzhou

Guangzhou, also known as Canton and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about 120 km (75 mi) north-northwest of Hong Kong and 145 km (90 mi) north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road; it continues to serve as a major port and transportation hub as well as being one of China's three largest cities. For a long time, the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Due to a high urban population and large volumes of port traffic, Guangzhou is classified as a Large-Port Megacity, the largest type of port-city in the world. Due to worldwide travel restrictions at the beginning of the COVID-19 pandemic, Guangzhou Baiyun International Airport, the major airport of Guangzhou, briefly became the world's busiest airport by passenger traffic in 2020.

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.

Gupta Empire

Gupta Empire

The Gupta Empire was an ancient Indian empire which existed from the early 4th century CE to late 6th century CE. At its zenith, from approximately 319 to 467 CE, it covered much of the Indian subcontinent. This period is considered as the Golden Age of India by historians. The ruling dynasty of the empire was founded by the king Sri Gupta; the most notable rulers of the dynasty were Chandragupta I, Samudragupta, Chandragupta II and Skandagupta. The 5th-century CE Sanskrit poet Kalidasa credits the Guptas with having conquered about twenty-one kingdoms, both in and outside India, including the kingdoms of Parasikas, the Hunas, the Kambojas, tribes located in the west and east Oxus valleys, the Kinnaras, Kiratas, and others.

Commodity

Commodity

In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

Silk Road

Silk Road

The Silk Road was a network of Eurasian trade routes active from the second century BCE until the mid-15th century. Spanning over 6,400 kilometers, it played a central role in facilitating economic, cultural, political, and religious interactions between the East and West. The name "Silk Road", first coined in the late 19th century, has fallen into disuse among some modern historians in favor of Silk Routes, on the grounds that it more accurately describes the intricate web of land and sea routes connecting East and Southeast Asia, the Indian subcontinent, Central Asia, the Middle East, East Africa and Europe.

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.

Red Sea

Red Sea

The Red Sea is a seawater inlet of the Indian Ocean, lying between Africa and Asia. Its connection to the ocean is in the south, through the Bab el Mandeb strait and the Gulf of Aden. To its north lie the Sinai Peninsula, the Gulf of Aqaba, and the Gulf of Suez. It is underlain by the Red Sea Rift, which is part of the Great Rift Valley.

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.

Fish sauce

Fish sauce

Fish sauce is a liquid condiment made from fish or krill that have been coated in salt and fermented for up to two years. It is used as a staple seasoning in East Asian cuisine and Southeast Asian cuisine, particularly Myanmar, Cambodia, Laos, Philippines, Thailand, and Vietnam. Some garum-related fish sauces have been used in the West since the Roman times.

Labour and occupations

Workers at a cloth-processing shop, in a painting from the fullonica of Veranius Hypsaeus in Pompeii
Workers at a cloth-processing shop, in a painting from the fullonica of Veranius Hypsaeus in Pompeii

Inscriptions record 268 different occupations in the city of Rome, and 85 in Pompeii.[54] Professional associations or trade guilds (collegia) are attested for a wide range of occupations, including fishermen (piscatores), salt merchants (salinatores), olive oil dealers (olivarii), entertainers (scaenici), cattle dealers (pecuarii), goldsmiths (aurifices), teamsters (asinarii or muliones), and stonecutters (lapidarii).[55] These are sometimes quite specialized: one collegium at Rome was strictly limited to craftsmen who worked in ivory and citrus wood.[56]

Work performed by slaves falls into five general categories: domestic, with epitaphs recording at least 55 different household jobs; imperial or public service; urban crafts and services; agriculture; and mining.[57] Convicts provided much of the labour in the mines or quarries, where conditions were notoriously brutal.[58] In practice, there was little division of labour between slave and free,[59] and most workers were illiterate and without special skills.[60] The greatest number of common labourers were employed in agriculture: in the Italian system of industrial farming (latifundia), these may have been mostly slaves, but throughout the Empire, slave farm labour was probably less important than other forms of dependent labour by people who were technically not enslaved.[59]

Textile and clothing production was a major source of employment. Both textiles and finished garments were traded among the peoples of the Empire, whose products were often named for them or a particular town, rather like a fashion "label".[61] Better ready-to-wear was exported by businessmen (negotiatores or mercatores) who were often well-to-do residents of the production centres.[62] Finished garments might be retailed by their sales agents, who travelled to potential customers, or by vestiarii, clothing dealers who were mostly freedmen; or they might be peddled by itinerant merchants.[62] In Egypt, textile producers could run prosperous small businesses employing apprentices, free workers earning wages, and slaves.[63] The fullers (fullones) and dye workers (coloratores) had their own guilds.[64] Centonarii were guild workers who specialized in textile production and the recycling of old clothes into pieced goods.[65]

Discover more about Labour and occupations related topics

Estimates of national accounts and income distribution

As there are no surviving records that allow economic historians to produce reliable estimates for the national accounts of ancient Rome, thus the estimation of ancient Roman product levels remains speculative. Estimates of the gross domestic product of the Roman economy during the Principate.[66] For the sample years of 14, 100, and 150 AD, estimates of per capita GDP range from 166 to 380 sestertii.

The Roman Empire was not uniformly developed. The GDP per capita of Italy is estimated to be higher than the average of the Empire during the Principate, due to a higher degree of urbanization and trade (partly thanks to Mediterranean access compared to the provinces in the imperial periphery), and the concentration of elite income in the heartland. Other regions next to the Mediterranean, such as the Aegean and North Africa are also thought to be more developed than the imperial average in the same period.[67] Estimates of the difference between Italian income levels and the average for the Empire vary from 40,[68] to 66,[69] to 100 [70] percent higher than in the rest of the Empire.

In the Scheidel–Friesen model of Roman national accounts, the total annual income generated by the Empire is placed at nearly 20 billion sestertii, with about 5 percent extracted by the imperial government. Households in the top 1.5 percent of income distribution captured about 20 percent of income. Another 20 percent went to about 10 percent of the population who can be characterized as a non-elite middle. The remaining "vast majority" produced more than half of the total income, but lived near subsistence.[71] All cited economic historians stress the point that any estimate can only be regarded as a rough approximation to the realities of the ancient economy, given the general paucity of surviving pertinent data.

Based on the evidence left by the archaeological remains of the houses of the prosperous Roman town of Pompeii,[72] estimates that the mean household income of Pompeii was at 7,900 sestertii, a much higher than is implied by the GDP estimates for the whole Empire. Based on the distribution of house sizes from these archaeological remains, he also estimated a distribution of income that implies that Pompeii had a much larger middle-class than would be expected in the Scheidel–Friesen model. His estimates pointed to a level of living standards in Pompeii superior to 19th century Western Europe. He concluded that existing estimates of Roman GDP should be revised upwards.

Estimates of Roman per-capita and total GDP[A]
Unit Goldsmith
1984[73]
Hopkins
1995/96[74]
Temin
2006[75]
Maddison
2007[76]
Bang
2008[77]
Scheidel/Friesen
2009[78]
Lo Cascio/Malanima
2009[68]
GDP per capita in Sestertii 380 225 166 380 229 260
Wheat equivalent (kg) 843 491 614 843 500 680
2021 dollars 1,182 1,286 1,950
Population
(Approx. year)
55 million
(14 AD)
60 million
(14 AD)
55 million
(100 AD)
44 million
(14 AD)
60 million
(150 AD)
70 million
(150 AD)

(14 AD)
Total GDP in Sestertii 20.9 billion 13.5 billion - 16.7 billion 13.7 billion 17-19 billion
Wheat equivalent (Mt) 46.4 29.5 33.8 37.1 30 50
2021 dollars $52 billion $90 billion
"–" indicates unknown value.

A ^ Decimal fractions rounded to the nearest tenth. Italic numbers not directly given by the authors; they are obtained by multiplying the respective value of GDP per capita by estimated population size.

Regional breakdown

Total GDP around 1 AD for various regions of the Roman Empire[79]
Total GDP around 1 AD for various regions of the Roman Empire[79]
Maddison's breakdown per region (14 AD)[80]
Region Population
(thousands)
NDI per capita
(2021 dollars)
Total NDI
(millions of 2021 dollars)
Roman Europe (including Italy) 23,100 1,230 28,393
Roman Europe (excluding Italy) 16,100 991 15,948
Roman Asia 12,200 1,141 13,917
Roman Africa 8,700 1,122 9,769
Total Roman Empire 44,000 1,182 52,079

Angus Maddison is the only economist cited who offers a detailed breakdown of the national disposable income (NDI) of the various parts of the Roman Empire. His "highly provisional" estimate (see right) relies on a low-count of the Roman population of only 44 million at the time of the death of Augustus in 14 AD. Italia is considered to have been the richest region, due to tax transfers from the provinces and the concentration of elite income in the heartland; its NDI per capita is estimated at having been between 40%[68] and 66%[69] higher than in the rest of the empire. Besides Italy, the wealthiest province was Egypt, in terms of NDI per capita.[81]

The European NDI per capita was higher than in the Asian and African provinces if Italy is included, but without it, the rest of Europe had a lower NDI per capita than the Asian and African provinces.[80] The Hellenistic Eastern provinces (Greece, Asia Minor, Syria, Egypt) were about 20% wealthier than their mostly Latin-speaking Western counterparts, with Egypt alone being about 28% wealthier. However, Italia, which was not administered as a province, enjoyed a higher per capita income than any one of them.[82]

Taxation

Historians conjectured that imperial taxation under amounted to about 5% of the Empire's gross product.[83] The typical tax rate paid by individuals ranged from 2 to 5%.[84] This tax burden did not include the tax revenues levied by the local cities, called municipia in the Latin-speaking parts of the Empire and poleis in the Greek-speaking parts.[85]

The tax code was "bewildering" in its complicated system of direct and indirect taxes, some paid in cash and some in kind. Taxes might be specific to a province, or kinds of properties such as fisheries or salt evaporation ponds; they might be in effect for a limited time.[86] Tax collection was justified by the need to maintain the military,[87][88] and taxpayers sometimes got a refund if the army captured a surplus of booty.[89] In-kind taxes were accepted from less-monetized areas, particularly those who could supply grain or goods to army camps.[90]

Personification of the River Nile and his children, from the Temple of Serapis and Isis in Rome (1st century AD)
Personification of the River Nile and his children, from the Temple of Serapis and Isis in Rome (1st century AD)

The primary source of direct tax revenue was individuals, who paid a poll tax and a tax on their land, construed as a tax on its produce or productive capacity.[84] Supplemental forms could be filed by those eligible for certain exemptions; for example, Egyptian farmers could register fields as fallow and tax-exempt depending on flood patterns of the Nile.[91] Tax obligations were determined by the Census, which required each head of household to appear before the presiding official and provide a head count of his household, as well as an accounting of property he owned that was suitable for agriculture or habitation.[91]

A major source of indirect-tax revenue was the portoria, customs and tolls on imports and exports, including among provinces.[84] Special taxes were levied on the slave trade. Towards the end of his reign, Augustus instituted a 4% tax on the sale of slaves,[92] which Nero shifted from the purchaser to the dealers, who responded by raising their prices.[93] An owner who manumitted a slave paid a "freedom tax", calculated at 5% of value.[94]

An inheritance tax of 5% was assessed when Roman citizens above a certain net worth left property to anyone but members of their immediate family. Revenues from the estate tax and from a 1% sales tax on auctions went towards the veterans' pension fund (aerarium militare).[84]

Low taxes helped the Roman aristocracy increase their wealth, which equalled or exceeded the revenues of the central government. An emperor sometimes replenished his treasury by confiscating the estates of the "super-rich", but in the later period, the resistance of the wealthy to paying taxes was one of the factors contributing to the collapse of the Empire.[87]

Discover more about Estimates of national accounts and income distribution related topics

Economic history

Economic history

Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.

Principate

Principate

The Principate is the name sometimes given to the first period of the Roman Empire from the beginning of the reign of Augustus in 27 BC to the end of the Crisis of the Third Century in AD 284, after which it evolved into the so-called Dominate.

Sestertius

Sestertius

The sestertius, or sesterce, was an ancient Roman coin. During the Roman Republic it was a small, silver coin issued only on rare occasions. During the Roman Empire it was a large brass coin.

Income distribution

Income distribution

In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.

Pompeii

Pompeii

Pompeii was an ancient city located in what is now the comune of Pompei near Naples in the Campania region of Italy. Pompeii, along with Herculaneum and many villas in the surrounding area, was buried under 4 to 6 m of volcanic ash and pumice in the Eruption of Mount Vesuvius in 79 AD.

Raymond W. Goldsmith

Raymond W. Goldsmith

Raymond W. Goldsmith was an American economist specialising in historical data on national income, saving, financial intermediation, and financial assets and liabilities.

Keith Hopkins

Keith Hopkins

Morris Keith Hopkins, FBA was a British historian and sociologist. He was professor of ancient history at the University of Cambridge from 1985 to 2000.

Peter Temin

Peter Temin

Peter Temin is an economist and economic historian, currently Gray Professor Emeritus of Economics, MIT and former head of the Economics Department.

Angus Maddison

Angus Maddison

Angus Maddison was a distinguished British economist specialising in quantitative macro economic history, including the measurement and analysis of economic growth and development.

Peter Fibiger Bang

Peter Fibiger Bang

Peter Fibiger Bang is a Danish historian of Rome, empire, cross-cultural comparison and world history. Bang's main research interests are Roman economic history and imperial power, historical sociology and world history, as well as the reception of Classical culture in later ages.

Elio Lo Cascio

Elio Lo Cascio

Elio Lo Cascio is an Italian historian and teacher of Roman history at the Sapienza University of Rome. Lo Cascio's main research interests are the institutional, administrative, social and economic history of Ancient Rome from the Republic to the Late Empire, and Roman population history.

Paolo Malanima

Paolo Malanima

Paolo Malanima is an Italian economic historian and director of the Institute of Studies on Mediterranean Societies in Naples. Malanima's main research interests are long-term developments in economic history, particularly the performance of the Italian economy since Classical antiquity, history of energy and global history.

State revenues

Existing literary sources provide only fragmentary evidence regarding Roman state revenues. Some of the existing literary evidence is detailed as follows: With the conclusion of the Third Mithridatic War in 63 BC, the Roman Republic now incorporated the Kingdom of Pontus, Cilicia, most of Syria, and the island of Crete into its growing dominion, as well as turning the Kingdom of Judea into a client state.[95] The Roman historian Plutarch records that after Pompey's return to Rome as a renowned conqueror of the east, tablets were presented showing that state revenues had increased from 50 million denarii to 85 million, an increase from 200 to 340 million sesterces from new taxes levied.[95] Yet this was apparently roughly the size of the entire state budget of the Ptolemaic Kingdom of Hellenistic Egypt. Both Cicero and Strabo related how at the beginning of the reign of Ptolemy XII Auletes (80–51 BC) his kingdom received an annual revenue of 12,500 talents, the equivalent of 75 million denarii, or 300 million sesterces.[95] Hence, with the Roman conquest of Egypt in the Final War of the Roman Republic (32–30 BC) and transformation of Egypt into a Roman province, one would readily assume a considerable increase in state revenues was made. The revenues garnered in Egypt in 80 BC alone was seven times the amount of tax money contemporary Roman Gaul offered to the Roman coffers following its conquest by Julius Caesar, a mere 40 million sesterces.[95] Yet this was roughly the same amount of taxes Rome was able to levy from Egypt (i.e., 40 million sesterces) after its conquest by Octavian, bringing the total figure for state revenues up to 420 million (which included 40 million from newly conquered Egypt, 40 million from Gaul, and 340 million from all other provinces).[96] The whole of Roman Britain after its conquest produced only about 11 million sesterces in revenues whereas the city of Alexandria in Egypt alone generated roughly 36 million sesterces.[97] Gold mining from the Roman provinces of Hispania on the Iberian Peninsula produced roughly 80 million sesterces every year.[97]

During the 1st century AD, the total value of imported goods form the maritime trade coming from the Indian Ocean region (including the silk and spice trade) was roughly 1,000 million sesterces, allowing the Roman state to garner 250 million sesterces of that figure in tax revenue.[98] Even after the reduction in the number of Roman legions from about fifty to twenty-eight (500,000 down to 300,000 full-time soldiers and auxiliaries) the Roman state under Augustus still spent 640 million sesterces on military costs alone per annum (with total state expenses hovering around 1,000 million).[99] Raoul McLaughlin stresses that "as long as international commerce thrived, the Roman Empire could meet these high-level military costs."[99] A further 25 million sesterces in state revenues was gathered by taxing the Roman exported goods loaded on ships destined for Arabia and India (worth roughly 100 million in total).[100]

Discover more about State revenues related topics

Kingdom of Pontus

Kingdom of Pontus

Pontus was a Hellenistic kingdom centered in the historical region of Pontus and ruled by the Mithridatic dynasty, which possibly may have been directly related to Darius the Great of the Achaemenid dynasty. The kingdom was proclaimed by Mithridates I in 281 BC and lasted until its conquest by the Roman Republic in 63 BC. The Kingdom of Pontus reached its largest extent under Mithridates VI the Great, who conquered Colchis, Cappadocia, Bithynia, the Greek colonies of the Tauric Chersonesos, and for a brief time the Roman province of Asia. After a long struggle with Rome in the Mithridatic Wars, Pontus was defeated. The western part of it was incorporated into the Roman Republic as the province Bithynia et Pontus; the eastern half survived as a client kingdom until 62 AD.

Cilicia

Cilicia

Cilicia is a geographical region in southern Anatolia in Turkey, extending inland from the northeastern coasts of the Mediterranean Sea. Cilicia has a population ranging over six million, concentrated mostly at the Cilicia plain. The region includes the provinces of Mersin, Adana, Osmaniye, along with parts of Hatay and Antalya.

Crete

Crete

Crete is the largest and most populous of the Greek islands, the 88th largest island in the world and the fifth largest island in the Mediterranean Sea, after Sicily, Sardinia, Cyprus, and Corsica. Crete rests about 160 km (99 mi) south of the Greek mainland, and about 100 km (62 mi) southwest of Anatolia. Crete has an area of 8,450 km2 (3,260 sq mi) and a coastline of 1,046 km (650 mi). It bounds the southern border of the Aegean Sea, with the Sea of Crete to the north and the Libyan Sea to the south.

Hasmonean dynasty

Hasmonean dynasty

The Hasmonean dynasty was a ruling dynasty of Judea and surrounding regions during classical antiquity, from c. 140 BCE to 37 BCE. Between c. 140 and c. 116 BCE the dynasty ruled Judea semi-autonomously in the Seleucid Empire, and from roughly 110 BCE, with the empire disintegrating, Judea gained further autonomy and expanded into the neighboring regions of Perea, Samaria, Idumea, Galilee, and Iturea. The Hasmonean rulers took the Greek title basileus. Forces of the Roman Republic conquered the Hasmonean kingdom in 63 BCE and made it into a client state; Herod the Great displaced the last reigning Hasmonean client-ruler in 37 BCE.

Client state

Client state

A client state, in international relations, is a state that is economically, politically, and/or militarily subordinate to another more powerful state. A client state may variously be described as satellite state, associated state, dominion, condominium, self-governing colony, neo-colony, protectorate, vassal state, puppet state, and tributary state.

Plutarch

Plutarch

Plutarch was a Greek Middle Platonist philosopher, historian, biographer, essayist, and priest at the Temple of Apollo in Delphi. He is known primarily for his Parallel Lives, a series of biographies of illustrious Greeks and Romans, and Moralia, a collection of essays and speeches. Upon becoming a Roman citizen, he was possibly named Lucius Mestrius Plutarchus.

Pompey

Pompey

Gnaeus Pompeius Magnus, known in English as Pompey or Pompey the Great, was a leading Roman general and statesman. He played a significant role in the transformation of Rome from republic to empire. Early in his career, he was a partisan and protégé of the Roman general and dictator Sulla; later, he became the political ally, and finally the enemy, of Julius Caesar.

Eastern Mediterranean

Eastern Mediterranean

Eastern Mediterranean is a loose definition of the eastern approximate half, or third, of the Mediterranean Sea, often defined as the countries around the Levantine Sea.

Denarius

Denarius

The denarius was the standard Roman silver coin from its introduction in the Second Punic War c. 211 BC to the reign of Gordian III, when it was gradually replaced by the antoninianus. It continued to be minted in very small quantities, likely for ceremonial purposes, until and through the Tetrarchy (293–313).

Ptolemaic Kingdom

Ptolemaic Kingdom

The Ptolemaic Kingdom was an Ancient Greek state based in Egypt during the Hellenistic Period. It was founded in 305 BC by Ptolemy I Soter, a companion of Alexander the Great, and lasted until the death of Cleopatra VII in 30 BC. Ruling for nearly three centuries, the Ptolemies were the longest and most recent Egyptian dynasty of ancient origin.

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.

Ptolemy XII Auletes

Ptolemy XII Auletes

Ptolemy XII Neos Dionysus Philopator Philadelphus was a king of the Ptolemaic Kingdom of Egypt who ruled from 80 to 58 BC and then again from 55 BC until his death in 51 BC. He was commonly known as Auletes, referring to his love of playing the flute in Dionysian festivals. A member of the Ptolemaic dynasty, he was a descendant of its founder Ptolemy I Soter, a Macedonian Greek general and companion of Alexander the Great.

Advertising

Ancient Roman advertisement for wine
Ancient Roman advertisement for wine

In ancient Rome businesses advertised themselves primarily through word of mouth, the usage of the trade sign, and through black or red writings inscribed on surfaces.[101] They were displayed as frescoes or mosaics. Masters would task their slaves with inscribing advertisements onto the walls of ancient Roman settlements.[102] In ancient Rome, graffiti was the equivalent of billboards.[103] Goods and products in ancient Rome may have carried inscriptions which were used to advertise other goods and services. Toy chariots were inscribed with the names of famous charioteers and lamps and bowls had images of famous gladiators.[104] It was also common for merchants to advertise their brands on amphorae.[103] These markers were known as the titulus pictus. They were used to convey information about the good and provide an easily recognizable label that attracted consumers to the product.[105] Merchants would hire orators to spread the news of their product on the streets of the Roman cities.[106] Wealthy businessmen would pay people to mention their business in literature.[103]

Roman vendors could also market based on their own unique product brand. In Pompeii merchants advertised their own brands of garum, a Roman fish sauce, based on its ingredients, processing, and the manufacturer. Two known marketing slogans from Pompeii are "essence of the best mackerel" and "best available." Wine merchants in ancient Rome used positioning, which is a marketing term referring to the place a brand holds in the customer's minds. They marketed their wine as high-class.[106]

Archaeological excavations in Pompeii revealed one advertisement that stated:[107]

The gladiators owned by Aulus Suettius Certus will fight at Pompeii on May 31. There will be an animal hunt and awnings will be provided.

— Unknown

Advertising in ancient Rome served multiple purposes. It helped businesses market their services, it promoted politicians, and it advertised games and entertainment.[106]

Discover more about Advertising related topics

Business

Business

Business is the practice of making one's living or making money by producing or buying and selling products. It is also "any activity or enterprise entered into for profit."

Advertising

Advertising

Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a specific good or service, but there are wide range of uses, the most common being the commercial advertisement.

Fresco

Fresco

Fresco is a technique of mural painting executed upon freshly laid ("wet") lime plaster. Water is used as the vehicle for the dry-powder pigment to merge with the plaster, and with the setting of the plaster, the painting becomes an integral part of the wall. The word fresco is derived from the Italian adjective fresco meaning "fresh", and may thus be contrasted with fresco-secco or secco mural painting techniques, which are applied to dried plaster, to supplement painting in fresco. The fresco technique has been employed since antiquity and is closely associated with Italian Renaissance painting. The word fresco is commonly and inaccurately used in English to refer to any wall painting regardless of the plaster technology or binding medium. This, in part, contributes to a misconception that the most geographically and temporally common wall painting technology was the painting into wet lime plaster. Even in apparently Buon fresco technology, the use of supplementary organic materials was widespread, if underrecognized.

Billboard

Billboard

A billboard is a large outdoor advertising structure, typically found in high-traffic areas such as alongside busy roads. Billboards present large advertisements to passing pedestrians and drivers. Typically brands use billboards to build their brands or to push for their new products.

Chariot

Chariot

A chariot is a type of cart driven by a charioteer, usually using horses to provide rapid motive power. The oldest known chariots have been found in burials of the Sintashta culture in modern-day Chelyabinsk Oblast, Russia, dated to c. 2000 BCE. The critical invention that allowed the construction of light, horse-drawn chariots was the spoked wheel.

Gladiator

Gladiator

A gladiator was an armed combatant who entertained audiences in the Roman Republic and Roman Empire in violent confrontations with other gladiators, wild animals, and condemned criminals. Some gladiators were volunteers who risked their lives and their legal and social standing by appearing in the arena. Most were despised as slaves, schooled under harsh conditions, socially marginalized, and segregated even in death.

Amphora

Amphora

An amphora is a type of container with a pointed bottom and characteristic shape and size which fit tightly against each other in storage rooms and packages, tied together with rope and delivered by land or sea. The size and shape have been determined from at least as early as the Neolithic Period. Amphorae were used in vast numbers for the transport and storage of various products, both liquid and dry, but mostly for wine. They are most often ceramic, but examples in metals and other materials have been found. Versions of the amphorae were one of many shapes used in Ancient Greek vase painting.

Latin literature

Latin literature

Latin literature includes the essays, histories, poems, plays, and other writings written in the Latin language. The beginning of formal Latin literature dates to 240 BC, when the first stage play in Latin was performed in Rome. Latin literature would flourish for the next six centuries. The classical era of Latin literature can be roughly divided into the following periods: Early Latin literature, The Golden Age, The Imperial Period and Late Antiquity.

Brand

Brand

A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand names are sometimes distinguished from generic or store brands.

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.

Ingredient

Ingredient

An ingredient is a substance that forms part of a mixture. For example, in cooking, recipes specify which ingredients are used to prepare a specific dish. Many commercial products contain secret ingredients that are purported to make them better than competing products. In the pharmaceutical industry, an active ingredient is that part of a formulation that yields the effect expected by the customer.

Advertising slogan

Advertising slogan

Advertising slogans are short phrases used in advertising campaigns to generate publicity and unify a company's marketing strategy. The phrases may be used to attract attention to a distinctive product feature or reinforce a company's brand.

Source: "Roman economy", Wikipedia, Wikimedia Foundation, (2023, February 18th), https://en.wikipedia.org/wiki/Roman_economy.

Enjoying Wikiz?

Enjoying Wikiz?

Get our FREE extension now!

See also
References
  1. ^ J. Rufus Fears, "The Theology of Victory at Rome: Approaches and Problem," Aufstieg und Niedergang der römischen Welt II.17.2 (1981), pp. 752 and 824, and in the same volume, "The Cult of Virtues and Roman Imperial Ideology," p. 908.
  2. ^ Garnsey, Peter, et al. The Roman Empire: Economy, Society and Culture. 2nd ed., University of California Press, 2015, www.jstor.org/stable/10.1525/j.ctt9qh25h.
  3. ^ Temin, Peter. “Financial Intermediation in the Early Roman Empire.” The Journal of Economic History, vol. 64, no. 3, 2004, pp. 705–733., www.jstor.org/stable/3874817.
  4. ^ a b c d Andreau, Banking and Business in the Roman World, p. 2; Harris, "The Nature of Roman Money," n.p.
  5. ^ Bond, Shelagh (October 1957). "The Coinage of the Early Roman Empire". Greece & Rome. 4 (2): 149–159. doi:10.1017/S001738350001593X. JSTOR 642136. S2CID 163277451.
  6. ^ Harl, Coinage in the Roman Economy, 300 B.C. to A.D. 700, p. 125–136.
  7. ^ a b c Harris, "The Nature of Roman Money," in The Monetary Systems of the Greeks and Romans, n.p.
  8. ^ Harl, Coinage in the Roman Economy, 300 B.C. to A.D. 700, pp. 128–129.
  9. ^ Harris, "The Nature of Roman Money," in The Monetary Systems of the Greeks and Romans, n.p.; Harl, Coinage in the Roman Economy, 300 B.C. to A.D. 700, pp. 128–129.
  10. ^ Jean Andreau, Banking and Business in the Roman World (Cambridge University Press, 1999), p. 2.
  11. ^ name=":18">David Kessler and Peter Temin, "Money and Prices in the Early Roman Empire," in The Monetary Systems of the Greeks and Romans, in The Monetary Systems of the Greeks and Romans (Oxford University Press, 2008), n.p.
  12. ^ a b W.V. Harris, "The Nature of Roman Money," in The Monetary Systems of the Greeks and Romans, n.p.
  13. ^ "Mining," in Late Antiquity: A Guide to the Postclassical World p. 579.
  14. ^ Hong, Sungmin; Candelone, Jean-Pierre; Patterson, Clair C.; Boutron, Claude F. (1994). "Greenland Ice Evidence of Hemispheric Lead Pollution Two Millennia Ago by Greek and Roman Civilizations". Science. 265 (5180): 1841–1843. Bibcode:1994Sci...265.1841H. doi:10.1126/science.265.5180.1841. PMID 17797222. S2CID 45080402.
  15. ^ Wilson, Andrew (2002): "Machines, Power and the Ancient Economy", The Journal of Roman Studies, Vol. 92, pp. 1–32 (17–21, 25, 32)
  16. ^ Craddock, Paul T. (2008): "Mining and Metallurgy", in: Oleson, John Peter (ed.): The Oxford Handbook of Engineering and Technology in the Classical World, Oxford University Press, ISBN 978-0-19-518731-1, p. 108; Sim, David; Ridge, Isabel (2002): Iron for the Eagles. The Iron Industry of Roman Britain, Tempus, Stroud, Gloucestershire, ISBN 0-7524-1900-5, p. 23; Healy, John F. (1978): Mining and Metallurgy in the Greek and Roman World, Thames and Hudson, London, ISBN 0-500-40035-0, p. 196. Assumes a productive capacity of c. 1.5 kg per capita. Healy, John F. (1978): Mining and Metallurgy in the Greek and Roman World, Thames and Hudson, London, ISBN 0-500-40035-0, p. 196
  17. ^ Hong, Sungmin; Candelone, Jean-Pierre; Patterson, Clair C.; Boutron, Claude F. (1996): "History of Ancient Copper Smelting Pollution During Roman and Medieval Times Recorded in Greenland Ice", Science, Vol. 272, No. 5259, pp. 246–249 (366–369); cf. also Wilson, Andrew (2002): "Machines, Power and the Ancient Economy", The Journal of Roman Studies, Vol. 92, pp. 1–32 (25–29)
  18. ^ Hong, Sungmin; Candelone, Jean-Pierre; Patterson, Clair C.; Boutron, Claude F. (1994): "Greenland Ice Evidence of Hemispheric Lead Pollution Two Millennia Ago by Greek and Roman Civilizations", Science, Vol. 265, No. 5180, pp. 1841–1843; Callataÿ, François de (2005): "The Graeco-Roman Economy in the Super Long-Run: Lead, Copper, and Shipwrecks", Journal of Roman Archaeology, Vol. 18, pp. 361–372 (361–365); Settle, Dorothy M.; Patterson, Clair C. (1980): "Lead in Albacore: Guide to Lead Pollution in Americans", Science, Vol. 207, No. 4436, pp. 1167–1176 (1170f.); cf. also Wilson, Andrew (2002): "Machines, Power and the Ancient Economy", The Journal of Roman Studies, Vol. 92, pp. 1–32 (25–29)
  19. ^ Callataÿ, François de (2005): "The Graeco-Roman Economy in the Super Long-Run: Lead, Copper, and Shipwrecks", Journal of Roman Archaeology, Vol. 18, pp. 361–372 (361–369); Hong, Sungmin; Candelone, Jean-Pierre; Patterson, Clair C.; Boutron, Claude F. (1996): "History of Ancient Copper Smelting Pollution During Roman and Medieval Times Recorded in Greenland Ice", Science, Vol. 272, No. 5259, pp. 246–249 (247, fig. 1 and 2; 248, table 1); Hong, Sungmin; Candelone, Jean-Pierre; Patterson, Clair C.; Boutron, Claude F. (1994): "Greenland Ice Evidence of Hemispheric Lead Pollution Two Millennia Ago by Greek and Roman Civilizations", Science, Vol. 265, No. 5180, pp. 1841–1843; Settle, Dorothy M.; Patterson, Clair C. (1980): "Lead in Albacore: Guide to Lead Pollution in Americans", Science, Vol. 207, No. 4436, pp. 1167–1176 (1170f.)
  20. ^ Hong, Sungmin; Candelone, Jean-Pierre; Patterson, Clair C.; Boutron, Claude F. (1994). "Greenland Ice Evidence of Hemispheric Lead Pollution Two Millennia Ago by Greek and Roman Civilizations". Science. 265 (5180): 1841–1843. Bibcode:1994Sci...265.1841H. doi:10.1126/science.265.5180.1841. PMID 17797222. S2CID 45080402.
  21. ^ Patterson, C. C. (1972): "Silver Stocks and Losses in Ancient and Medieval Times", The Economic History Review, Vol. 25, No. 2, pp. 205–235 (228, table 6); Callataÿ, François de (2005): "The Graeco-Roman Economy in the Super Long-Run: Lead, Copper, and Shipwrecks", Journal of Roman Archaeology, Vol. 18, pp. 361–372 (365f.)
  22. ^ Patterson, C. C. (1972): "Silver Stocks and Losses in Ancient and Medieval Times", The Economic History Review, Vol. 25, No. 2, pp. 205–235 (216, table 2); Callataÿ, François de (2005): "The Graeco-Roman Economy in the Super Long-Run: Lead, Copper, and Shipwrecks", Journal of Roman Archaeology, Vol. 18, pp. 361–372 (365f.)
  23. ^ Hopkins, The Political Economy of the Roman Empire, p. 197.
  24. ^ Wilson 2002, pp. 17–21, 25, 32
  25. ^ Cech 2010, p. 20
  26. ^ Smith 1997, pp. 322–324
  27. ^ Craddock 2008, p. 108; Sim, Ridge 2002, p. 23; Healy 1978, p. 196
  28. ^ Sim, Ridge 2002, p. 23; Healy 1978, p. 196
  29. ^ World output, the large bulk of which is attributed to Roman mining and smelting activities (mainly in Spain, Cyprus and Central Europe): Hong, Candelone, Patterson, Boutron 1996, p. 247; Callataÿ 2005, pp. 366–369; cf. also Wilson 2002, pp. 25–29
  30. ^ Hong, Candelone, Patterson, Boutron 1996, p. 247, fig. 1 & 2; 248, table 1; Callataÿ 2005, pp. 366–369
  31. ^ World output, the large bulk of which is attributed to Roman silver mining and smelting activities (in Central Europe, Britain, the Balkans, Greece, Asia Minor and, above all, Spain, with a 40% share in world production alone): Hong, Candelone, Patterson, Boutron 1994, p. 1841–1843; Callataÿ 2005, pp. 361–365; Settle, Patterson 1980, pp. 1170f.; cf. also Wilson 2002, pp. 25–29
  32. ^ Hong, Candelone, Patterson, Boutron 1994, p. 1841–1843; Settle, Patterson 1980, pp. 1170f.; Callataÿ 2005, pp. 361–365 follows the aforementioned authors, but cautions that the Greco-Roman levels may have already been surpassed by the end of the Middle Ages (p. 365).
  33. ^ Patterson 1972, p. 228, table 6; Callataÿ 2005, pp. 365f.; cf. also Wilson 2002, pp. 25–29
  34. ^ Patterson 1972, p. 216, table 2; Callataÿ 2005, pp. 365f.
  35. ^ Pliny: Naturalis Historia, 33.21.78, in: Wilson 2002, p. 27
  36. ^ Kevin Greene, The Archaeology of the Roman Economy p. 17.
  37. ^ a b W.V. Harris, "Trade," in The Cambridge Ancient History: The High Empire A.D. 70–192 (Cambridge University Press, 2000), vol. 11, p. 713.
  38. ^ Harris, "Trade," in CAH 11, p. 714.
  39. ^ Keith Hopkins, On the Political Economy of the Roman Empire
  40. ^ Quantifying the Roman Economy: Methods and Problems (Oxford Studies on the Roman Economy), edited by Alan Bowman, and Andrew Wilson.
  41. ^ Roger Bradley Ulrich, Roman Woodworking (Yale University Press, pp. 1–2.
  42. ^ a b Stambaugh, The Ancient Roman City, p. 253.
  43. ^ Ray Laurence, "Land Transport in Roman Italy: Costs, Practice and the Economy," in Trade, Traders and the Ancient City (Routledge, 1998), p. 129.
  44. ^ Keith Hopkins, "The Political Economy of the Roman Empire," in The Dynamics of Ancient Empires : State Power from Assyria to Byzantium (Oxford University Press, 2009), p. 187.
  45. ^ Holleran, Shopping in Ancient Rome, p. 142.
  46. ^ 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.
  47. ^ Harris, "Trade," in CAH 11, p. 713.
  48. ^ Harris, "Trade," in CAH 11, p. 710.
  49. ^ Harris, "Trade," in CAH 11, pp. 717–729.
  50. ^ Mireille Corbier, "Coinage, Society, and Economy," in Cambridge Ancient History: The Crisis of Empire, A.D. 193–337 (Cambridge University Press, 2005), vol. 12, p. 404; Harris, "Trade," in CAH 11, p. 719.
  51. ^ Harris, "Trade," in CAH 11, p. 720.
  52. ^ Holleran, Shopping in Ancient Rome, pp. 146–147.
  53. ^ a b c d e f West, Louis C. (November 1932). "The Economic Collapse of the Roman Empire". The Classical Journal. 28 (2): 98. JSTOR 3290252.
  54. ^ Hopkins, "The Political Economy of the Roman Empire," p. 196.
  55. ^ Verboven, "The Associative Order: Status and Ethos among Roman Businessmen," preprint pp. 18, 23.
  56. ^ Eborarii and citriarii: Verboven, "The Associative Order: Status and Ethos among Roman Businessmen," preprint p. 21.
  57. ^ "Slavery in Rome," in The Oxford Encyclopedia of Ancient Greece and Rome (Oxford University Press, 2010), p. 323.
  58. ^ "Slavery in Rome," in The Oxford Encyclopedia of Ancient Greece and Rome, p. 323.
  59. ^ a b Garnsey and Saller, The Roman Empire: Economy, Society and Culture, p. 111.
  60. ^ Peter Temin, "The Labor Market of the Early Roman Empire," Journal of Interdisciplinary History 34.1 (2004), p. 517.
  61. ^ A.H.M. Jones, "The Cloth Industry under the Roman Empire," Economic History Review 13.2 (1960), pp. 184–185.
  62. ^ a b Jones, "The Cloth Industry under the Roman Empire,"p. 192.
  63. ^ Jones, "The Cloth Industry under the Roman Empire," pp. 188–189.
  64. ^ Jones, "The Cloth Industry under the Roman Empire," pp. 190–191.
  65. ^ Vout, "The Myth of the Toga," p. 212. The college of centonarii is an elusive topic in scholarship, since they are also widely attested as urban firefighters; see Jinyu Liu, Collegia Centonariorum: The Guilds of Textile Dealers in the Roman West (Brill, 2009). Liu sees them as "primarily tradesmen and/or manufacturers engaged in the production and distribution of low- or medium-quality woolen textiles and clothing, including felt and its products."
  66. ^ Scheidel, Walter; Morris, Ian; Saller, Richard, eds. (2007): The Cambridge Economic History of the Greco-Roman World, Cambridge University Press, ISBN 978-0-521-78053-7
  67. ^ Kron Geoffrey “Comparative evidence and the reconstruction of the ancient economy: Greco-Roman housing and the level and distribution of wealth and income,” in F. de Callataÿ (ed.), Quantifying the Greco-Roman Economy and Beyond, 123-46. Bari: Edipuglia, 2014.
  68. ^ a b c Lo Cascio, Elio; Malanima, Paolo (Dec. 2009): "GDP in Pre-Modern Agrarian Economies (1–1820 AD). A Revision of the Estimates", Rivista di storia economica, Vol. 25, No. 3, pp. 391–420 (391–401)
  69. ^ a b Maddison 2007, pp. 47–51
  70. ^ Temin 2006, pp. 136
  71. ^ Scheidel, Walter; Friesen, Steven J. (2009). "The Size of the Economy and the Distribution of Income in the Roman Empire". Journal of Roman Studies. 99: 62–63. doi:10.3815/007543509789745223. S2CID 202968244.
  72. ^ Kron (2014)
  73. ^ Goldsmith 1984, pp. 263–288
  74. ^ Hopkins 1995/96, pp. 41–75. His estimates are upward revisions from Hopkins 1980, pp. 101–125, where he lays out his basic method.
  75. ^ Temin 2006, pp. 31–54
  76. ^ Maddison 2007, pp. 43–47; 50, table 1.10; 54, table 1.12
  77. ^ Bang 2008, pp. 86–91
  78. ^ Scheidel, Friesen Nov. 2009, pp. 61–91
  79. ^ "Statistics on World Population, GDP and Per Capita GDP, 1–f>".
  80. ^ a b Maddison 2007, p. 54, table 1.12
  81. ^ Maddison 2007, p. 55, table 1.14
  82. ^ Maddison 2007, p. 57, table 1.14
  83. ^ Morris, p. 183.
  84. ^ a b c d Potter (2009), p. 187.
  85. ^ Mogens Herman-Hansen (2006), Polis: An Introduction to the Ancient Greek City-State, Oxford University Press, USA.
  86. ^ Potter (2009), pp. 185–187.
  87. ^ a b Morris, p. 184.
  88. ^ Potter (2009), p. 185
  89. ^ Potter (2009), p. 185.
  90. ^ Potter (2009), p. 188.
  91. ^ a b Potter (2009), p. 186.
  92. ^ Cassius Dio 55.31.4.
  93. ^ Tacitus, Annales 13.31.2.
  94. ^ This was the vicesima libertatis, "the twentieth for freedom"; Potter (2009), p. 187.
  95. ^ a b c d Raoul McLaughlin (2014). The Roman Empire and the Indian Ocean: the Ancient World Economy and the Kingdoms of Africa, Arabia, and India. Barnsley: Pen & Sword Military. ISBN 978-1-78346-381-7, p. 6.
  96. ^ Raoul McLaughlin (2014). The Roman Empire and the Indian Ocean: the Ancient World Economy and the Kingdoms of Africa, Arabia, and India. Barnsley: Pen & Sword Military. ISBN 978-1-78346-381-7, p. 7.
  97. ^ a b Raoul McLaughlin (2014). The Roman Empire and the Indian Ocean: the Ancient World Economy and the Kingdoms of Africa, Arabia, and India. Barnsley: Pen & Sword Military. ISBN 978-1-78346-381-7, p. 12.
  98. ^ Raoul McLaughlin (2014). The Roman Empire and the Indian Ocean: the Ancient World Economy and the Kingdoms of Africa, Arabia, and India. Barnsley: Pen & Sword Military. ISBN 978-1-78346-381-7, p. 14.
  99. ^ a b Raoul McLaughlin (2014). The Roman Empire and the Indian Ocean: the Ancient World Economy and the Kingdoms of Africa, Arabia, and India. Barnsley: Pen & Sword Military. ISBN 978-1-78346-381-7, p. 16.
  100. ^ Raoul McLaughlin (2014). The Roman Empire and the Indian Ocean: the Ancient World Economy and the Kingdoms of Africa, Arabia, and India. Barnsley: Pen & Sword Military. ISBN 978-1-78346-381-7, p. 19.
  101. ^ Plessis, D. F. du (2000). Introduction to Public Relations and Advertising. Juta and Company Ltd. p. 80. ISBN 978-0-7021-5557-4.
  102. ^ Dekeyser, Thomas (2018). "The material geographies of advertising: Concrete objects, affective affordance and urban space". Environment and Planning A: Economy and Space. 50 (7): 1425–1442. doi:10.1177/0308518X18780374. ISSN 0308-518X. S2CID 158657199.
  103. ^ a b c Curtis, Robert I. (1984). "Product Identification and Advertising on Roman Commercial Amphorae". Ancient Society. 15/17: 209–228. ISSN 0066-1619. JSTOR 44080242.
  104. ^ Hood, John McDonald (2005). Selling the Dream: Why Advertising is Good Business. Greenwood Publishing Group. pp. 10–14. ISBN 978-0-275-98435-9.
  105. ^ Curtis, Robert I. (1991-01-01). Merchandising. Brill. ISBN 978-90-04-37726-4.
  106. ^ a b c Wharton, Chris (2014-12-05). Advertising: Critical Approaches. Routledge. pp. 26–30. ISBN 978-1-135-04357-5.
  107. ^ Williams, Brenda; Williams, Brian (2007-09-15). Staying Alive in Ancient Rome: Life in Ancient Rome. Capstone Classroom. p. 19. ISBN 978-1-4109-2897-9.
Sources
Further reading
External links

The content of this page is based on the Wikipedia article written by contributors..
The text is available under the Creative Commons Attribution-ShareAlike Licence & the media files are available under their respective licenses; additional terms may apply.
By using this site, you agree to the Terms of Use & Privacy Policy.
Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization & is not affiliated to WikiZ.com.