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Harry Kim

on 10 October 2013

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Transcript of Economy

Ancient Roman Economics

Ancient Rome

Product of Goods
Social Classes
Eunice Kim
Melody Hong
Dominic Yoon

- Ancient Rome needed taxes from their citizens to run the republic.

- To collect these taxes, Rome used tax farmers.

- To become a tax farmer, all you had to do was pay a flat fee to the Senate of the Roman Republic

- There were no rules in collecting tax

- The Roman government didn’t set any limits on what a tax farmer could collect.
Tax Farmer
Taxes (Cont.)
Romans seemed to tax everything;

Some items they taxed were:
- a slave purchase
- imports and exports
- any luxury items
- annual income of the provincials

- The engine that drove roman to an economic image is trading.

- Plebeians and freedmen were traders themselves, owning stalls and having slaves to work for them.

Trade (Cont.)
There were two types of businessmen:
Trade (Cont.)
The Romans used their system of roads and waterways to transport goods from one country to another.
They imported dyes to color their clothes from the south-eastern part of their Empire.
Cotton and Animals
Cotton came from Egypt and exotic and wild animals for the gladiator fights came from Africa by sea.
Social Classes
The status of freeborn Romans during the Republic was established by:
- ancestry
- census rank
- attainment of honors
- citizenship, of which there were grades with varying rights and privileges.

Some of the main classes were:
- Upper-class citizens

- Had extra money to be highly educated

- Only one who could perform religious custom

- Created laws for the people

- Were the majority of the Senate

- Poor, low-class citizens

- Military was mandatory

- Paid taxes

- Could not work in the government

- Treated badly
If fell into debt, they could be sold into slavery

- Bottom of the class system

- Only two ways you could become a slave

- Ways to freedom
1) pay their masters for freedom
2) Freedom in their master’s will
3) Masters could give freedom to their favorite slaves
- Called “Liberty”; Freed slaves

- manumission

- After manumission, they worked hard to become traders

- Free-born children were full citizens
What is Ancient Rome?
Ancient Rome was found in 753B.C.E
Began to grow on the Italian Peninsula
The Romans traded with Britain for silver, which they used to make jewelery and coins, and wool, which they used to make clothes.
The Romans traded with Britain for silver, which they used to make jewelery and coins.
From the Far East, what is now China, they imported silk.
bankers that lent money, purchased and sold large quantities of goods
Plebeians and freedmen that were placed in markets, shops, stalls, or even the side of the road

Importance of Silver
Silver was used to make coins.

-coins were used to trade with other countries so it was a vitals part of roman economics

And Financial
1) Name any farm machine that Ancient Romans used
2) What was the purpose of Punic Wars? why was that important for Rome?
3) Who was in the bottom of the class system?
4) What is one of the trading items in Rome??
5) What is one of the products of Rome?
6) What is another name for a freedmen?
Connection between Silver and Silk
-Romans silk trade with the china was ceased.
Midphse of the 3rd century, content
of silver in coins dropped to 1/5000


Silk was used in various ways but
mainly to make fine clothing
For example, horses, oxen, donkey
The ways of trading
Significance of Sea
-Silk road
-60 times less expensive than land trades
-"Round hulled sailing ships"
Utilized both on land and sea, but famous
for usage of sea.
"Round Hulling Sailing ship"
Located along the Mediterranean sea
Became a thriving civilization, had developed trading and agricultural systems
Farm machines
Ard-type plow
ard-type plow: heavy stick pulled by an ox, used when plowing fields
Tribulum: wooden sled
Product of Goods
3. Egypt: important in providing wheat to Rome
1. Rome needed large amounts of food due to its huge population

2. much of grains they ate were imported from North Africa (especially Egypt)
1. used slaves for farming
2. Over 90% of population lived, worked in countryside

3. harvested by hands until 100B.C.

4.. Invented farming machines

5. Used farming methods such as heating system
(heating system: for drying out grains)
Romans had to control the Mediterranean Sea
to make the food supplies flow freely from Egypt to Rome
Punic Wars
In 264BCE to 146BCE
between Rome and the Carthage
to take over the Mediterranean Sea
1. After winning the wars: gained lots of workforces and labors of slaves

Latifundiua increased
(Latifundia: large landed area, typically worked by slaves)
1. Mostly harvested olives and grapes
Olives were squeezed to make oils
grapes were made into wine
Olive oil: used in cooking, fuel for lamps
other goods they exported: Papyrus, spice
made into paper
Spice: used when cooking
Gained great profits by exporting grapes, olives
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