Roman economy

The history of the Roman economy covers the period of the Roman Republic and the Roman Empire. Recent research has led to a positive reevaluation of the size and sophistication of the Roman economy.Moses Finley was the chief proponent of the primitivist view that the Roman economy was "underdeveloped and underachieving," characterized by subsistence agriculture; urban centres that consumed more than they produced in terms of trade and industry; low-status artisans; slowly developing technology; and a "lack of economic rationality." Current views are more complex. Territorial conquests permitted a large-scale reorganization of land use that resulted in agricultural surplus and specialization, particularly in north Africa. Some cities were known for particular industries or commercial activities, and the scale of building in urban areas indicates a significant construction industry. Papyri preserve complex accounting methods that suggest elements of economic rationalism, and the Empire was highly monetized. Although the means of communication and transport were limited in antiquity, transportation in the 1st and 2nd centuries expanded greatly, and trade routes connected regional economies. The supply contracts for the army, which pervaded every part of the Empire, drew on local suppliers near the base (castrum), throughout the province, and across provincial borders. The Empire is perhaps best thought of as a network of regional economies, based on a form of "political capitalism" in which the state monitored and regulated commerce to assure its own revenues. Economic growth, though not comparable to modern economies, was greater than that of most other societies prior to industrialization.

Roman Empire

The Roman Empire (Latin: Imperium Rōmānum; Classical Latin: [ɪmˈpɛ.ri.ũː roːˈmaː.nũː] Ancient and Medieval Greek: Βασιλεία τῶν Ῥωμαίων, tr. Basileia tōn Rhōmaiōn) was the post-Roman Republic period of the ancient Roman civilization, characterized by government headed by emperors and large territorial holdings around the Mediterranean Sea in Europe, Africa and Asia. The extended city of Rome was the largest city in the world c. 100 BC – c. 400 AD, with Constantinople (New Rome) becoming the largest around 500 AD, and the Empire's populace grew to an estimated 50 to 90 million inhabitants (roughly 20% of the world's population at the time). The 500-year-old republic which preceded it was severely destabilized in a series of civil wars and political conflict, during which Julius Caesar was appointed as perpetual dictator and then assassinated in 44 BC. Civil wars and executions continued, culminating in the victory of Octavian, Caesar's adopted son, over Mark Antony and Cleopatra at the Battle of Actium in 31 BC and the annexation of Egypt. Octavian's power was now unassailable and in 27 BC the Roman Senate formally granted him overarching power and the new title Augustus, effectively marking the end of the Roman Republic.

Roman

A Roman or Romans is a thing or person of or from the city of Rome

Roman or Romans may also refer to:

History

History of the Roman Empire

The history of the Roman Empire covers the history of Ancient Rome from the fall of the Roman Republic in 27 BC until the abdication of the last Emperor in 476 AD. Rome had begun expanding shortly after the founding of the Republic in the 6th century BC, though didn't expand outside of Italy until the 3rd century BC. Civil war engulfed the Roman state in the mid 1st century BC, first between Julius Caesar and Pompey, and finally between Octavian and Mark Antony. Antony was defeated at the Battle of Actium in 31 BC. In 27 BC the Senate and People of Rome made Octavian imperator ("commander") thus beginning the Principate (the first epoch of Roman imperial history, usually dated from 27 BC to 284 AD), and gave him the name Augustus ("the venerated"). The success of Augustus in establishing principles of dynastic succession was limited by his outliving a number of talented potential heirs: the Julio-Claudian dynasty lasted for four more emperors—Tiberius, Caligula, Claudius, and Nero—before it yielded in 69 AD to the strife-torn Year of Four Emperors, from which Vespasian emerged as victor. Vespasian became the founder of the brief Flavian dynasty, to be followed by the Nerva–Antonine dynasty which produced the "Five Good Emperors": Nerva, Trajan, Hadrian, Antoninus Pius and the philosophically inclined Marcus Aurelius. In the view of the Greek historian Dio Cassius, a contemporary observer, the accession of the emperor Commodus in 180 AD marked the descent "from a kingdom of gold to one of rust and iron"—a famous comment which has led some historians, notably Edward Gibbon, to take Commodus' reign as the beginning of the decline of the Roman Empire.

Empire

An empire is defined as "an aggregate of nations or people ruled over by an emperor or other powerful sovereign or government, usually a territory of greater extent than a kingdom, as the former British Empire, French Empire, Spanish Empire, Russian Empire, Byzantine Empire or Roman Empire." An empire can be made solely of contiguous territories such as the Austro-Hungarian Empire, or of territories far remote from the homeland, such as a colonial empire.

Aside from the more formal usage, the term "empire" can also be used to refer to a large-scale business enterprise (e.g. a transnational corporation), a political organisation controlled by a single individual (a political boss) or a group (political bosses). The term "empire" is associated with other words such as imperialism, colonialism, and globalization. Empire is often used to describe a displeasure to overpowering situations. The effects of imperialism exist throughout the world today.

An imperial political structure can be established and maintained in two ways: (i) as a territorial empire of direct conquest and control with force or (ii) as a coercive, hegemonic empire of indirect conquest and control with power. The former method provides greater tribute and direct political control, yet limits further expansion because it absorbs military forces to fixed garrisons. The latter method provides less tribute and indirect control, but avails military forces for further expansion. Territorial empires (e.g., the Mongol Empire and Median Empire) tend to be contiguous areas. The term, on occasion, has been applied to maritime empires or thalassocracies, (e.g., the Athenian and British empires) with looser structures and more scattered territories. Empires are usually larger than kingdoms.