Roman Finance
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Roman Finance
The practices of ancient Roman finance, while originally rooted in Greek models, evolved in the second century BC with the expansion of Roman monetization. Roman elites engaged in private lending for various purposes, and various banking models arose to serve different lending needs. Private finance Pooling capital Before banks were established in Rome there was little ability to mobilize large amounts of capital, leaving Romans to operate within the constraints of the wealth of their households. When household wealth was exhausted, the elites in Roman society would often extend loans amongst themselves. The value of these loans to the lender was not always derived from interest payments, but rather from the social obligations that were an implication of being a lender. The formation of a '' societas'' allowed for the utilization of pooled capital. ''Societates'' were groups who could combine their resources to place a bid for a government contract and then share in the result ...
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Ivory Bankers' Tallies, British Museum
Ivory is a hard, white material from the tusks (traditionally from elephants) and teeth of animals, that consists mainly of dentine, one of the physical structures of teeth and tusks. The chemical structure of the teeth and tusks of mammals is the same, regardless of the species of origin, but ivory contains structures of mineralised collagen. The trade in certain teeth and tusks other than elephant is well established and widespread; therefore, "ivory" can correctly be used to describe any mammalian teeth or tusks of commercial interest which are large enough to be carved or scrimshawed. Besides natural ivory, ivory can also be produced synthetically, hence (unlike natural ivory) not requiring the retrieval of the material from animals. Tagua nuts can also be carved like ivory. The trade of finished goods of ivory products has its origins in the Indus Valley. Ivory is a main product that is seen in abundance and was used for trading in Harappan civilization. Finished ivory pro ...
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Roman Republic
The Roman Republic ( la, Res publica Romana ) 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 (traditionally dated to 509 BC) and ending in 27 BC with the establishment of the Roman Empire, Rome's control rapidly expanded during this period—from the city's immediate surroundings to hegemony over the entire Mediterranean world. Roman society under the Republic was primarily a cultural mix of Latin and Etruscan societies, as well as of Sabine, Oscan, and Greek cultural elements, which is especially visible in the Roman Pantheon. Its political organization developed, at around the same time as direct democracy in Ancient Greece, with collective and annual magistracies, overseen by a senate. The top magistrates were the two consuls, who had an extensive range of executive, legislative, judicial, military, and religious powers ...
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Imperial Estate (Roman)
An imperial estate (''patrimonium'' or ''res privata'') in the Roman Empire was the "personal property of members of the imperial family, as distinct from property belonging to the Roman state" (''ager publicus''). On the Emperor's death these properties passed to his successor, and not to his private heirs. Imperial estates were not only farming estates, or ''latifundia'', but also pastures (''saltus'') and mines (''metalla''). Management of imperial estates within a province was the responsibility of a procurator who, in turn, reported to the ''procurator patrimonii'' in Rome. The procurator leased the estate to a ''conductor'', a contractor or administrator. On small estates the conductor might farm the land himself. On larger tracts the conductor sub-let the land to '' coloni'', tenant-farmers. Coloni were free men, and not bound to the land like later serfs. The coloni paid the conductor in shares of their crops, and were also obliged to perform other services a few days a ...
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Septimius Severus
Lucius Septimius Severus (; 11 April 145 – 4 February 211) was Roman emperor from 193 to 211. He was born in Leptis Magna (present-day Al-Khums, Libya) in the Roman province of Africa (Roman province), Africa. As a young man he advanced through cursus honorum, the customary succession of offices under the reigns of Marcus Aurelius and Commodus. Severus seized power after the death of the emperor Pertinax in 193 during the Year of the Five Emperors. After deposing and killing the incumbent emperor Didius Julianus, Severus fought his rival claimants, the Roman generals Pescennius Niger and Clodius Albinus. Niger was defeated in 194 at the Battle of Issus (194), Battle of Issus in Roman Cilicia, Cilicia. Later that year Severus waged a short punitive campaign beyond the eastern frontier, annexing the Osroene, Kingdom of Osroene as a new province. Severus defeated Albinus three years later at the Battle of Lugdunum in Roman Gaul, Gaul. Following the consolidation of his rule over ...
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Legal Technicality
The term legal technicality is a casual or colloquial phrase referring to a technical aspect of law. The phrase is not a term of art in the law; it has no exact meaning, nor does it have a legal definition. It implies that strict adherence to the letter of the law has prevented the spirit of the law from being enforced. However, as a vague term, the definition of a technicality varies from person to person, and it is often simply used to denote any portion of the law that interferes with the outcome desired by the user of the term. Some legal technicalities govern legal procedure, enable or restrict access to courts, and/or enable or limit the discretion of a court in handing down judgment. These are aspects of procedural law. Other legal technicalities deal with aspects of substantive law, that is, aspects of the law that articulate specific criteria that a court uses to assess a party's compliance with or violation of, for example, one or more criminal laws or civil laws.In th ...
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Fiscus
''Fiscus'', from which comes the English term "fiscal", was the name of the personal chest of the emperors of Rome. The word is literally translated as "basket" or "purse" and was used to describe those forms of revenue collected from the provinces (specifically the imperial provinces), which were then granted to the emperor. Its existence pointed to the division of power in the early era of the Empire between the imperial court and the Senate. Origins Augustus divided Rome's territory between senatorial provinces, whose tributes ended up in the ''aerarium'' (the already existing state's chest), and imperial provinces, whose incomes ended up into the ''fiscus'', the emperor's chest. Upon the latter chest fell the most burdensome costs, namely the ones for army and fleet, bureaucracy and grants to urban plebs (distribution of wheat or moneys). The imperial provinces, under Augustus'reform, were the provinces ''non pacatae'' (i.e., the border provinces) who Augustus had advocated ...
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Senatorial Province
A senatorial province ( la, provincia populi Romani, province of the Roman people) was a Roman province during the Principate where the Roman Senate had the right to appoint the governor (proconsul). These provinces were away from the outer borders of the Roman Empire and free from the likelihood of rebellion, and so had few, if any, Roman legions, legions stationed in them (thus lessening the chance the Senate might try to seize power from the Roman emperor, Emperor). Governors of Senatorial provinces only had civil powers.Roman Political Institutions; Leon Homo;2000; Routledge; New York. NY They were often along the Mediterranean Sea. Whilst the Senate oversaw these provinces, the Emperor still had the right to direct their affairs if he saw fit. The provinces were grouped into imperial provinces and senatorial provinces shortly after the accession of Augustus. In AD 14, the following provinces were senatorial provinces (Strabo, book 17.3.25): * Achaea (Roman province), Ach ...
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Imperial Province
An imperial province was a Roman province during the Principate where the Roman Emperor had the sole right to appoint the governor (''legatus Augusti pro praetore''). These provinces were often the strategically located border provinces. The provinces were grouped into imperial and senatorial provinces shortly after the accession of Augustus. The following provinces were imperial provinces: *Aegyptus *Alpes Cottiae *Alpes Maritimae * Alpes Poenninae *Armenia *Assyria *Britannia *Cilicia *Dacia *Dalmatia *Galatia *Gallia Aquitania *Gallia Belgica *Gallia Lugdunensis *Germania Inferior *Germania Superior *Hispania Tarraconensis *Judaea *Lusitania *Moesia *Mesopotamia *Noricum *Pannonia *Raetia *Syria *Thracia Thracia or Thrace ( ''Thrakē'') is the ancient name given to the southeastern Balkan region, the land inhabited by the Thracians. Thrace was ruled by the Odrysian kingdom during the Classical and Hellenistic eras, and briefly by the Greek ... {{Terms for types of ...
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Augustus
Caesar Augustus (born Gaius Octavius; 23 September 63 BC – 19 August AD 14), also known as Octavian, was the first Roman emperor; he reigned from 27 BC until his death in AD 14. He is known for being the founder of the Roman Principate, which is the first phase of the Roman Empire, and Augustus is considered one of the greatest leaders in human history. The reign of Augustus initiated an imperial cult as well as an era associated with imperial peace, the ''Pax Romana'' or ''Pax Augusta''. The Roman world was largely free from large-scale conflict for more than two centuries despite continuous wars of imperial expansion on the empire's frontiers and the year-long civil war known as the "Year of the Four Emperors" over the imperial succession. Originally named Gaius Octavius, he was born into an old and wealthy equestrian branch of the plebeian ''gens'' Octavia. His maternal great-uncle Julius Caesar was assassinated in 44 BC, and Octavius was named in Caesar' ...
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Prefect
Prefect (from the Latin ''praefectus'', substantive adjectival form of ''praeficere'': "put in front", meaning in charge) is a magisterial title of varying definition, but essentially refers to the leader of an administrative area. A prefect's office, department, or area of control is called a prefecture, but in various post-Roman empire cases there is a prefect without a prefecture or ''vice versa''. The words "prefect" and "prefecture" are also used, more or less conventionally, to render analogous words in other languages, especially Romance languages. Ancient Rome ''Praefectus'' was the formal title of many, fairly low to high-ranking officials in ancient Rome, whose authority was not embodied in their person (as it was with elected Magistrates) but conferred by delegation from a higher authority. They did have some authority in their prefecture such as controlling prisons and in civil administration. Feudal times Especially in Medieval Latin, ''præfectus'' was used to r ...
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Praetors
Praetor ( , ), also pretor, was the title granted by the government of Ancient Rome to a man acting in one of two official capacities: (i) the commander of an army, and (ii) as an elected '' magistratus'' (magistrate), assigned to discharge various duties. The functions of the magistracy, the ''praetura'' (praetorship), are described by the adjective: the ''praetoria potestas'' (praetorian power), the ''praetorium imperium'' (praetorian authority), and the ''praetorium ius'' (praetorian law), the legal precedents established by the ''praetores'' (praetors). ''Praetorium'', as a substantive, denoted the location from which the praetor exercised his authority, either the headquarters of his ''castra'', the courthouse (tribunal) of his judiciary, or the city hall of his provincial governorship. History of the title The status of the ''praetor'' in the early republic is unclear. The traditional account from Livy claims that the praetorship was created by the Sextian-Licinian Rogation ...
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Quaestors
A ( , , ; "investigator") was a public official in Ancient Rome. There were various types of quaestors, with the title used to describe greatly different offices at different times. In the Roman Republic, quaestors were elected officials who supervised the state treasury and conducted audits. When assigned to provincial governors, the duties were mainly administrative and logistical, but also could expand to encompass military leadership and command. It was the lowest ranking position in the ' (course of offices); by the first century BC, one had to have been quaestor to be eligible for any other posts. In the Roman Empire, the position initially remained as assistants to the magistrates with financial duties in the provinces, but over time, it faded away in the face of the expanding imperial bureaucracy. A position with a similar name (the ') emerged during the Constantinian period with judicial responsibilities. Etymology ''Quaestor'' derives from the Latin verb ', ' ...
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