Roman Economy

The Roman Economy

Roman Finance
Imperial Finance As with most imperial culture, imperial finance grew organically out of the decentralized offices of the late empire, re-organized slightly by Augustus under more direct control of the emperor using the old names/forms. Imperial finance gradually fell apart in the 200’s with the Crisis of the 3rd Century as the senate in Rome lost power to the military emperors and became the vastly centralized, bureaucratized, stalinesque monolithic state system of finance during Diocletian’s and Constantine’s reigns. It is ironic that in the West this centralized form of government (which is popularly thought of as the classic form of the Roman empire) only lasted a hundred years or so (300 – early 400’s), until the barbarians took over Italy and installed puppet emperors in Rome.

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