This worked out fine during normal years. 13 million denarii under Augustus, but during the middle of the 2 nd century AD they had risen to 19 million.Ĭrop donations, official buildings and streets, infrastructure projects and the games probably took up between 5 and 15 million denarii.Īll in all the Roman state thus had to raise 130 to 140 million denarii. In addition there were costs for the constantly expanding administration. During a war, the sum would rise drastically. Every year is swallowed 100 to 120 million denarii – in times of peace. The biggest element of expenditure was the army. The Roman mint produced millions of denarii every year. It did not only circulate in all Roman provinces but also everywhere the Romans were trading. It was around the turn of the eras that the denarius was the most important currency in the entire Roman Empire. During the first century BC, the denarius was so omnipresent that there was no need any more to specify where it came from. The Roman money supply increased tenfold during the 100 years after the capture of Macedonia in the middle of the 2nd century BC due to its rich silver deposits. The denarius followed the Roman troops, first on a small scale and then on a larger one. It consisted of almost pure silver and weighed about 4.2 grams. The denarius was independent of all other monetary systems. Despite their economic crisis, the Romans introduced a new currency shortly before the year 211 BC. The denarius came to being as a gesture of defiance and pride in the war against Hannibal. But even a high age does not protect against a crisis of confidence as shown by the history of the Roman denarius. And yet the dollar is still functioning, and it has been functioning for more than 230 years. Every American is burdened with more than 60,000 U.S. Monetary crisis – The end of the denariusĮvery second, the government debt of the United States of America increases more than 35,000 U.S.
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