Mercatores
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Mercatores
Roman commerce was a major sector of the Roman economy during the later generations of the Roman Republic, Republic and throughout most of the Roman Empire, 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. Whereas in theory members of the Roman Senate and their sons were restricted when engaging in trade, the members of the equestrian (Roman), equestrian order were involved in businesses despite their upper-class values, which laid the emphasis on military pursuits and leisure activities. Plebs, Plebeians and freedmen held shop or manned stalls at markets, and vast numbers of slavery in ancient Rome, slaves did most of the hard work. The sl ...
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Roman Economy
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.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. Financial markets were established through such trade, and financial institutions, which ex ...
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Roman Empire
The Roman Empire ( la, Imperium Romanum ; grc-gre, Βασιλεία τῶν Ῥωμαίων, Basileía tôn Rhōmaíōn) 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 ...
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Latin
Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the Roman Republic it became the dominant language in the Italian region and subsequently throughout the Roman Empire. Even after the fall of Western Rome, Latin remained the common language of international communication, science, scholarship and academia in Europe until well into the 18th century, when other regional vernaculars (including its own descendants, the Romance languages) supplanted it in common academic and political usage, and it eventually became a dead language in the modern linguistic definition. Latin is a highly inflected language, with three distinct genders (masculine, feminine, and neuter), six or seven noun cases (nominative, accusative, genitive, dative, ablative, and vocative), five declensions, four verb conjuga ...
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Roman Forum
The Roman Forum, also known by its Latin name Forum Romanum ( it, Foro Romano), is a rectangular forum (plaza) surrounded by the ruins of several important ancient government buildings at the center of the city of Rome. Citizens of the ancient city referred to this space, originally a marketplace, as the ', or simply the '. For centuries the Forum was the center of day-to-day life in Rome: the site of triumphal processions and elections; the venue for public speeches, criminal trials, and gladiatorial matches; and the nucleus of commercial affairs. Here statues and monuments commemorated the city's great men. The teeming heart of ancient Rome, it has been called the most celebrated meeting place in the world, and in all history. Located in the small valley between the Palatine and Capitoline Hills, the Forum today is a sprawling ruin of architectural fragments and intermittent archaeological excavations attracting 4.5 million or more sightseers yearly. Many of the olde ...
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Arco Degli Argentarii - Lato Esterno - Panairjdde
ARCO ( ) is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States and in Mexico. ARCO had been established in 1966 as the "Atlantic Richfield Company", an independent oil and gas company formed after the merger of Atlantic Petroleum and the Richfield Oil Corporation. History From 1966 to 2000, the 'Atlantic Richfield Company', doing business as ARCO, was an independent American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea, and Mexico. After its acquisition of Anaconda Copper Mining Company in 1977, ARCO had owned hard rock mines in several western states, which has created environmental clean-up liabilities to the company to this day even after the mines were closed in the early 1980s. In 2000, BP acquired ARCO for $26.8 billion. ARCO's retail ...
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Usury
Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a ''loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism (''Loans and interest in Judaism, ribbit'' in He ...
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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. History The earliest banks in ancient Rome were located in temples. They would charge interest on loans, exchange money, and track their finances through written records. Due to the piety of the officials and employees of these temples, the upper class of ancient Rome trusted these places to protect and hold their wealth. Typically, their money was stored in multiple temples. This prac ...
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Freedmen
A freedman or freedwoman is a formerly enslaved person who has been released from slavery, usually by legal means. Historically, enslaved people were freed by manumission (granted freedom by their captor-owners), abolitionism, emancipation (granted freedom as part of a larger group), or self-purchase. A fugitive slave is a person who escaped enslavement by fleeing. Ancient Rome Rome differed from Greek city-states in allowing freed slaves to become Plebs, plebeian citizens. The act of freeing a slave was called ''manumissio'', from ''manus'', "hand" (in the sense of holding or possessing something), and ''missio'', the act of releasing. After manumission, a slave who had belonged to a Roman citizen enjoyed not only passive freedom from ownership, but active political freedom ''(libertas)'', including the right to vote. A slave who had acquired ''libertas'' was known as a ''libertus'' ("freed person", grammatical gender, feminine ''liberta'') in relation to his former master, ...
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Europe 180ad Roman Trade Map
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be separated from Asia by the watershed of the Ural Mountains, the Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and Europe ... is formed by the Ural Mountains, Ural River, Caspian Sea, Caucasus Mountains, and the Black Sea wit ...
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Ancient Rome
In modern historiography, ancient Rome refers to Roman civilisation from the founding of the city of Rome in the 8th century BC to the collapse of the Western Roman Empire in the 5th century AD. It encompasses the Roman Kingdom (753–509 BC), Roman Republic (509–27 BC) and Roman Empire (27 BC–476 AD) until the fall of the western empire. Ancient Rome began as an Italic settlement, traditionally dated to 753 BC, beside the River Tiber in the Italian Peninsula. The settlement grew into the city and polity of Rome, and came to control its neighbours through a combination of treaties and military strength. It eventually dominated the Italian Peninsula, assimilated the Greek culture of southern Italy ( Magna Grecia) and the Etruscan culture and acquired an Empire that took in much of Europe and the lands and peoples surrounding the Mediterranean Sea. It was among the largest empires in the ancient world, with an estimated 50 to 90 million inhabitants, roughly 20% of t ...
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Ancient Roman Units Of Measurement
The ancient Roman units of measurement were primarily founded on the Hellenic system, which in turn was influenced by the Egyptian system and the Mesopotamian system. The Roman units were comparatively consistent and well documented. Length The basic unit of Roman linear measurement was the ''pes'' or Roman foot (plural: ''pedes''). Investigation of its relation to the English foot goes back at least to 1647, when John Greaves published his ''Discourse on the Romane foot''. Greaves visited Rome in 1639, and measured, among other things, the foot measure on the tomb of Titus Statilius Aper, that on the statue of Cossutius formerly in the gardens of Angelo Colocci, the congius of Vespasian previously measured by Villalpandus, a number of brass measuring-rods found in the ruins of Rome, the paving-stones of the Pantheon and many other ancient Roman buildings, and the distance between the milestones on the Appian Way. He concluded that the Cossutian foot was the "true" Roman foo ...
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