Rome's Economic Revolution by Philip Kay

By Philip Kay

During this quantity, Philip Kay examines fiscal switch in Rome and Italy among the second one Punic struggle and the center of the 1st century BC. He argues that elevated inflows of bullion, specifically silver, mixed with a spread of the provision of credits to provide major progress in financial liquidity. This, in flip, influenced industry advancements, equivalent to funding farming, exchange, building, and production, and greatly replaced the composition and scale of the Roman economic climate.

Using a variety of facts and scholarly research, Kay demonstrates how Rome, within the moment and primary centuries BC, turned a coherent fiscal entity experiencing genuine according to capita financial progress. with no an knowing of this monetary revolution, the contemporaneous political and cultural alterations in Roman society can't be totally comprehended or defined.

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Bacch. 1075, who says ‘nunc hanc praedam omnem iam ad quaestorem deferam’ (now I’ll bring all this booty to the quaestor). 81 82 References in Brunt 1971a: 394. Livy, 33. 23. 7–9. 83 Livy, 45. 40. 5; Plut. Aem. 29. 5 says that in Epirus his soldiers received only 11 drachmas each. 84 Shatzman 1972: 202 n. 113 cites ten examples where Livy explicitly says that ‘a certain general distributed (or gave) a sum of . . asses (sesterces, denarii) to every soldier’. 85 Frontin. Str. 4. 1. 45. 86 Livy, 37.

Duillius (cos. 69 Quantifying the amount of plunder that came into Rome is problematic. 70 However, for the period from the Second Punic War until the loss of the full text of his history in the 160s, Livy gives us numerous detailed descriptions of the amounts of 62 63 Polyb. 30. 31. 12; see p. 199. Crawford 1974: 617 esp. n. 2. 65 Cato, Agr. 22. 3. Cato, Agr. 2. 5. 66 References in Gruen 1984: 290 n. 7. 67 Polyb. 1. 11. 2; Livy, 42. 32. 6; cf. Plut. Caes. 12. 2 for the first century bc. 68 ILLRP 319.

18. 8. 5 H. Müller (2009) claims that the Romans of the Republic had a system for calculating reparations; but Crawford (forthcoming) argues that a comparative reading of the evidence shows that, in so far as such a notion existed in antiquity, it is a retrospective rationalization by Appian. 6 Plin. HN 33. 55. 7 Crawford 1974: 595, 626 n. 1, and 635. In quoting these numbers so precisely (with none of the conventional stylization noted by Scheidel (1996)—see Introduction n. 8), Pliny was presumably using a treasury record (see p.

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