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Edict On Maximum Prices
The Edict on Maximum Prices (Latin: ''Edictum de Pretiis Rerum Venalium'', "Edict Concerning the Sale Price of Goods"; also known as the Edict on Prices or the Edict of Diocletian) was issued in 301 AD by Diocletian. The document denounces monopolists and sets maximum prices and wages for all important articles and services. The Edict exists only in fragments found mainly in the eastern part of the empire, where Diocletian ruled. The reconstructed fragments have been sufficient to estimate many prices for goods and services for historical economists (although the Edict attempts to set maximum prices, not fixed ones). It was probably issued from Antioch or Alexandria and was set up in inscriptions in Greek and Latin. The Edict on Maximum Prices is still the longest surviving piece of legislation from the period of the Tetrarchy. The Edict was criticized by Lactantius, a rhetorician from Nicomedia, who blamed the emperors for the inflation and told of fighting and bloodshed tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edict On Maximum Prices Diocletian Piece In Berlin
An edict is a decree or announcement of a law, often associated with monarchism, but it can be under any official authority. Synonyms include "dictum" and "pronouncement". ''Edict'' derives from the Latin edictum. Notable edicts * Telepinu Proclamation, by Telipinu, king of the Hittites. Written c. 1550 BC, it helped archeologists to construct a succession of Hittite Kings. It also recounts Mursili I's conquest of Babylon. * Edicts of Ashoka, by the Mauryan emperor, Ashoka, during his reign from 272 BC to 231 BC. * Reform of Roman Calendar, Julian Calendar, took effect on 1 January AUC 709 (45 BC). * Edictum perpetuum (129), an Imperial revision of the long-standing Praetor's Edict, a periodic document which first began under the late Roman Republic (c.509–44 BC). * Edict on Maximum Prices (301), by Roman Emperor Diocletian. It attempted to reform the Roman system of taxation and to stabilize the coinage. * Edict of Toleration (311), by Galerius before his death. This proclam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Usurpers
Roman usurpers were individuals or groups of individuals who obtained or tried to obtain power by force and without legitimate legal authority. Usurpation was endemic during the Roman imperial era, especially from the crisis of the third century onwards, when political instability became the rule. The first dynasty of the Roman Empire, the Julio-Claudians (27 BC – 68 AD), justified the imperial throne by familial ties, namely with the connection (although only through adoption) with Augustus, the first emperor. Eventually, conflicts within the Julio-Claudian family triggered a series of murders, which led to the demise of the line. Nero died with public enemy status, and following his suicide, a short civil war began, known as the Year of the Four Emperors. The Flavian dynasty started with Vespasian, only to end with the assassination of his second son, Domitian. The 2nd century was a period of relative peace that was marked by the rule of the so-called Five Good Emperors, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Speculation
In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bond (finance), bonds, commodity futures, currency, currencies, fine art, collectibles, real estate, and derivative (finance), derivatives. Speculators play one of four primary roles in financial markets, along with hedge (finance), hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where Fungibility, fungible instruments trade at different prices in different market segments, and investors who s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profiteering (business)
Profiteering is a pejorative term for the act of making a profit by methods considered unethical. Overview Business owners may be accused of profiteering when they raise prices during an emergency ( especially a war). The term is also applied to businesses that play on political corruption to obtain government contracts. Some types of profiteering are illegal, such as price fixing syndicates, for example on fuel subsidies (see '' British Airways price-fixing allegations''), and other anti-competitive behaviour. Some are restricted by industry codes of conduct, e.g. aggressive marketing of products in the Third World such as baby milk (see ''Nestlé boycott''). Types of profiteering *Price fixing *Price gouging *War profiteering Laws Profiteering is illegal in several countries, including but not limited to: *UK: Chapter 1 of the Competition Act 1998 *Germany§ 291 StGB(Criminal Code) – up to 10 years' jail maximum penalty *Austria§ 154 StGB– up to 5 years' jail maximum pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Death Penalty
Capital punishment, also known as the death penalty, is the state-sanctioned practice of deliberately killing a person as a punishment for an actual or supposed crime, usually following an authorized, rule-governed process to conclude that the person is responsible for violating norms that warrant said punishment. The sentence ordering that an offender is to be punished in such a manner is known as a death sentence, and the act of carrying out the sentence is known as an execution. A prisoner who has been sentenced to death and awaits execution is ''condemned'' and is commonly referred to as being "on death row". Crimes that are punishable by death are known as ''capital crimes'', ''capital offences'', or ''capital felonies'', and vary depending on the jurisdiction, but commonly include serious crimes against the person, such as murder, mass murder, aggravated cases of rape (often including child sexual abuse), terrorism, aircraft hijacking, war crimes, crimes against hum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billon (alloy)
Billon () is an alloy of a precious metal (most commonly silver, but also gold) with a majority base metal content (such as copper). It is used chiefly for making coins, medals, and token coins. The word comes from the French ''bille'', which means "log". History The use of billon coins dates from ancient Greece and continued through the Middle Ages. During the sixth and fifth centuries BC, some cities on Lesbos used coins made of 60% copper and 40% silver. In both ancient times and the Middle Ages, leaner mixtures were adopted, with less than 2% silver content. Billon coins are perhaps best known from the Roman Empire, where progressive debasements of the Roman ''denarius'' and the Roman provincial ''tetradrachm'' in the second century AD led to declining silver and increasing bronze content in these denominations of coins. Eventually, by the third quarter of the second century AD, these coins were almost entirely bronze, with only a thin coating or even a wash of silver. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aureus
The ''aureus'' ( ''aurei'', 'golden', used as a noun) was a gold coin of ancient Rome originally valued at 25 pure silver ''denarii'' (sin. denarius). The ''aureus'' was regularly issued from the 1st century BC to the beginning of the 4th century AD, when it was replaced by the ''solidus''. The ''aureus'' was about the same size as the ''denarius'', but heavier due to the higher density of gold (as opposed to that of silver). Before the time of Julius Caesar the ''aureus'' was struck infrequently. Caesar struck the coin more often, and standardized the weight at \tfrac of a Roman pound (about 8 grams). Augustus () tariffed the value of the ''sestertius'' as \tfrac of an ''aureus''. The mass of the ''aureus'' was decreased to \tfrac of a Roman pound (7.3 g) during the reign of Nero (r. 54–68). At about the same time the purity of the silver coinage was also slightly decreased. After the reign of Marcus Aurelius (r. 161–180) the production of ''aurei'' decreased, and the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nummus
''Nummus'' ( el, νοῦμμος, ''noummos''), plural ''nummi'' () is a Latin term meaning "coin", but used technically by modern writers for a range of low-value copper coins issued by the Roman and Byzantine empires during Late Antiquity. It comes from the Greek ''nomos'' via its Western Doric form ''noummos'', which was used to describe a coin in some parts of southern Italy. The word was also used during the later years of the Roman Republic and the early Empire, either as a general word for a coin, or to describe the sestertius, which was the standard unit for keeping accounts. History In circa 294 AD, during the Tetrarchy, a new large bronze coin of circa 10 grams weight and 30 mm diameter appeared. Its official name was apparently ''nummus'', although it has until recently been known among numismatists as the ''follis''. The term ''nummus'' is now usually applied solely to the 5th–7th century Byzantine issues. These were small, badly struck coins, weighing less ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argenteus
The ''argenteus'' ( ''argentei'', 'of silver') was a silver coin produced by the Roman Empire from the time of Diocletian's coinage reform in AD 294 to ca. AD 310. It was of similar weight and fineness to the denarius of the time of Nero. The coin was produced at a theoretical weight of 1/96th of a Roman pound (about 3 grams), as indicated by the Roman numeral XCVI on the coin's reverse. One aureus equaled 25 argentei and one argenteus equaled 8 folles. The term ''argenteus'', meaning "of silver" in Latin, was first used in Pliny's '' Natural History'' in the phrase ''argenteus nummus'' (silver coin). The 4th-century historian Ammianus uses the same phrase, however there is no indication that this is the official name for a denomination. The ''Historia Augusta'' uses the phrase to refer to several fictitious coins. See also * Edict on Maximum Prices * Roman currency * Solidus (coin) The ''solidus'' (Latin 'solid'; ''solidi'') or nomisma ( grc-gre, νόμισμα, '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denarius
The denarius (, dēnāriī ) was the standard Roman silver coin from its introduction in the Second Punic War to the reign of Gordian III (AD 238–244), 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). The word ''dēnārius'' is derived from the Latin ''dēnī'' "containing ten", as its value was originally of 10 assēs.Its value was increased to 16 assēs in the middle of the 2nd century BC. The word for "money" descends from it in Italian (''denaro''), Slovene (''denar''), Portuguese (''dinheiro''), and Spanish (''dinero''). Its name also survives in the dinar currency. Its symbol is represented in Unicode as 𐆖 (U+10196), a numeral monogram that appeared on the obverse in the Republican period, denoting the 10 asses ("X") to 1 denarius ("I") conversion rate. However it can also be represented as X̶ (capital letter X with combining long ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atri, Abruzzo
Atri ( ; Latin: Adria, Atria, Hadria, or Hatria) is a ''comune'' in the Province of Teramo in the Abruzzo region of Italy. Atri is the setting of the poem '' The Bell of Atri'' by American writer Henry Wadsworth Longfellow. Its name is the origin of the name of the Emperor Hadrian. History Ancient Adria was a city of Picenum, situated about from the Adriatic Sea, between the rivers Vomanus (modern Vomano) and Matrinus (modern Piomba). According to the Antonine Itinerary, it was distant 15 Roman miles from Castrum Novum (modern Giulianova) and 14 from Teate (modern Chieti). It has been supposed, with much probability, to be of Etruscan origin, and a colony from the more celebrated city of the name, now Adria in the Veneto region, though there is no historical evidence of the fact. The first certain historical notice of Adria is the establishment of a Roman colony there about 282 BCE. In the early part of the Second Punic War (217 BCE) its territory was ravaged by Hannibal; but n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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