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Antoninianus Aemilianus-RIC 0015 (reverse)
The ''antoninianus'' or pre-reform radiate, was a coin used during the Roman Empire thought to have been valued at 2 denarii. It was initially silver, but was slowly debased to bronze with a minimal silver content. The coin was introduced by Caracalla in early 215 AD. It was silver, similar to the denarius except that it was slightly larger and featured the emperor wearing a radiate crown, indicating it was a double denomination. Antoniniani depicting women (usually the emperor's wife) featured the bust resting upon a crescent moon. Even at its introduction, the silver content of the antoninianus was only equal to 1.5 denarii. This created inflation: people rapidly hoarded the denarii (Gresham's law), while both buyers and sellers recognized the new coin had a lower intrinsic value and elevated their prices to compensate. Silver bullion supplies began running short because the Roman Empire was no longer conquering new territory, the Iberian silver mines had been e ...
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Usurper
A usurper is an illegitimate or controversial claimant to power, often but not always in a monarchy. In other words, one who takes the power of a country, city, or established region for oneself, without any formal or legal right to claim it as one's own. Usurpers can rise to power in a region by often unexpected physical force, as well as through political influence and deceit. Etymology The word originally came from the Latin word ''usurpare'' (“to seize", "to take forcefully" or "to use”). Politics The Greeks had their own conception of what usurpers were, calling them tyrants. In the ancient Greek usage, a tyrant (''tyrannos''/''τύραννος'' in Greek) was an individual who rose to power via unconstitutional or illegitimate means, usually not being an heir to an existing throne. Such individuals were perceived negatively by political philosophers such as Socrates, Plato and Aristotle. Usurpers often try to legitimize their position by claiming to be a descendant ...
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Quietus
Titus Fulvius Junius Quietus (died 261) was a Roman usurper against Roman Emperor Gallienus. History Quietus was the son of Fulvius Macrianus and a noblewoman, possibly named Junia. According to ''Historia Augusta'', he was a military tribune under Valerian, but this information is challenged by historians. He gained the imperial office with his brother Macrianus Minor, after the capture of Emperor Valerian in the Sassanid campaign of 260. With the lawful heir, Gallienus, being far away in the West, the soldiers elected the two emperors. The support of his father, controller of the imperial treasure, and the influence of Balista, Praetorian prefect of the late Emperor Valerian, proved instrumental in his promotion. Quietus and Macrianus, elected consuls, had to face the Emperor Gallienus, at the time in the West. Quietus and Balista stayed in the eastern provinces, while his brother and father marched their army to Europe to seize control of the Roman Empire. After the defe ...
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Marcus Aurelius Marius
Marcus Aurelius Marius was emperor of the Gallic Empire in 269 following the assassination of Postumus. Reign According to later tradition, he was a blacksmith by trade, earning the nickname ''Mamurius Veturius'', a legendary metalworker in the time of Numa. He rose through the ranks of the Roman army to become an officer. He was present with the army that revolted at Moguntiacum (Mainz) after the emperor Postumus refused to allow it to sack the city. They murdered the emperor and in the confusion that followed, the army elected Marius to succeed Postumus. His first decision was in all likelihood to allow his troops to sack the city of Moguntiacum. Seeking to solidify his power base, he then moved to Augusta Treverorum (Trier).Polfer, ''Marius'' His reign lasted no more than two or three months before Postumus’ praetorian prefect Victorinus had Marius killed in the middle of 269, most likely at Augusta Treverorum. According to the ancient written sources, Marius’ rei ...
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Aemilianus
Marcus Aemilius Aemilianus ( – September 253), also known as Aemilian, was Roman emperor for three months in 253. Commander of the Moesian troops, he obtained an important victory against the invading Goths and was, for this reason, acclaimed emperor by his army. He then moved quickly to Roman Italy, where he defeated Emperor Trebonianus Gallus at the Battle of Interamna Nahars in August 253, only to be killed by his own men a month later when another general, Valerian, proclaimed himself emperor and moved against Aemilian with a larger army. Origins Aemilian was born in the Roman province of Africa. According to the 4th century source ''Epitome de Caesaribus'', he was born at ''Girba'' (modern Djerba, an island off the coast of Tunisia) and was a Moor; a reference in the same source hints that he was born around 207. The 12th-century historian Joannes Zonaras, who calls him a Libyan rather than a Moor,Joannes Zonaras, ''Epitome Historiarum'', 12.21. and another chronic ...
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Decline Of The Antoninianus
Decline may refer to: *Decadence, involves a perceived decay in standards, morals, dignity, religious faith, or skill over time * "Decline" (song), 2017 song by Raye and Mr Eazi * ''The Decline'' (EP), an EP by NOFX *The Decline (band), Australian skate punk band from Perth * ''The Decline'' (film), a 2020 Canadian thriller drama film See also *Declination (other) *Declinism *Decline and Fall (other) * Decline of the Roman Empire *Decline of Detroit *Ottoman decline thesis *''The Decline of the West'' by Oswald Spengler *Social disintegration, *Societal collapse *Withering away of the state Withering away of the state is a Marxist concept coined by Friedrich Engels referring to the idea that, with the realization of socialism, the state will eventually become obsolete and cease to exist as society will be able to govern itself without ...
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Revaluation
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official ''reduction'' in the value of the currency. Under floating exchange rates, a rise in a currency's value is an appreciation. Altering the face value of a currency without changing its purchasing power is a redenomination, not a revaluation (this is typically accomplished by issuing a new currency with a different, usually lower, face value and a different, usually higher, exchange rate while leaving the old currency unchanged; then the new replaces the old). In a fixed exchange rate system, the central bank maintains an officially announced exchange rate by standing ready to buy or sell foreign currency at that rate. In general terms, revaluation of a currency is a calculated adjustment to a country's official ...
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Paper Money
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Weimar Republic
The Weimar Republic (german: link=no, Weimarer Republik ), officially named the German Reich, was the government of Germany from 1918 to 1933, during which it was a constitutional federal republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic (german: Deutsche Republik, link=no, label=none). The state's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. Following the devastation of the First World War (1914–1918), Germany was exhausted and sued for peace in desperate circumstances. Awareness of imminent defeat sparked a revolution, the abdication of Kaiser Wilhelm II, formal surrender to the Allies, and the proclamation of the Weimar Republic on 9 November 1918. In its i ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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Barbarous Radiate
Barbarous radiates are imitations of the antoninianus, a type of coin issued during the Roman Empire, which are so named due to their crude style and prominent radiant crown worn by the emperor. Barbarous radiates were issued privately primarily during the Crisis of the Third Century (c. 259–274 AD) in the western provinces. They are not generally regarded as forgeries since they were rarely deceptive because they were smaller and cruder than standard issues. They probably functioned as small change. Although earlier numismatists, notably Philip V. Hill, theorized that barbarous radiates were produced long after their prototypes and into the Dark Ages and Saxon period, more recent works argue that they were generally contemporary to their prototypes. According to Hill, in England, although barbarous radiates were clearly produced at several different locations, hoard evidence demonstrate local styles. For example, in northern England there was a greater affinity towards produci ...
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