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There were owners of large landed estates who farmed using slaves. There was long distance trade all over the empire which fostered the growth of urban economies based on artisanal manufacture for long distance trade. The heart of this trade was Italy which was the most highly urbanised part of the empire. Another great trading hub was the western coast of Turkey.
Rome became a huge city (estimated at 1-1.4 million) heavily dependent on importing large quantities of grain to feed its population. Half of this came from Egypt and other important areas were Tunisia, Sicily and Sardinia. Because of the large masses of the poor in the city, a grain dole was set up for them.
Many slaves captured after victorious battles were taken to Rome. Over time, the majority of Rome's population was made up of freedmen and their descendants.
An economic crisis in the 3rd century AD led to a collapse in trade and in the urban economy. Many people migrated to the country where they were employed by the large landlords as servile labour. Servile labour eventually replaced slave labour.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoThe mainstay of the Roman economy was agricultural. Agriculture was dominated by rich landlord who owned large landed estates (latifundia). During the period of Roman expansion they relied on slave labour- the slaves were enslaved war captives. After the period of expansion they turned small peasants and migrants from the cities into servile labour.
The Roman Empire had thriving trading networks which extended throughout the Roman Empire and beyond (Ethiopia, Arabia, Persia, India and China). The Romans practiced a policy of free trade. There was also thriving manufacturing for long distance trade: silverware, jewellery, gems, metals (gold, silver, brass and copper) pottery, glass, textiles, olive oil, wine, stones (marble, granite and porphyry) ivory, timber, animals and much more. In some areas of the Roman Empire mining was important.
Wiki User
∙ 7y agoLike all pre-industrial societies, the base of the economy of the Rome and her empire was agriculture.
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What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
Why is it that there is no ideal economic system?
no ideal economic system
What the economic system vs political system?
What the Economic system v. political system
What was the economic base of the roman empire?
prostitution
How and why did Roman empire ultimately fall?
There was a lot of political, economic, military, and invasion factors that eventually came to the fall of the Roman Empire.
What is considered a major cause of the fall of roman empire?
economic issues
What are positive economic factors in the roman empire?
The economic system of the Roman empire brought to Rome great wealth. The system was successful by increasing the growth of commerce and trading amongst peoples of all types of backgrounds. With its wealth, the empire was able to expand and brought with it a solid form of government that very often the peoples it conquered never had. In one sense the wealth brought order and security. Only wealthy and powerful civilizations can make enemies into citizens or even soldiers to help fight its wars. The economic system of Rome funded these activities.
What was the main purpose for Roman numerals?
Numerical system of the Roman Empire
What are specific examples of politics in history?
The Roman Empire One the many theories as to why the Roman Empire fell blames unthoughtful leaders, economic inflation, and invasions by hostile forces. *Geography in this case was the CAUSE of the Roman Empire.
What were some of the economic problems in the roman empire in the third century?
Government problems
What were the primary causes of the downfall of the Holy Roman Empire?
The Holy Roman Empire fell due to a number of social, economic, political,and historical issues that all accumulated around the same time. The Treaties of Westphalia weakened the Holy Roman Empire.
Why did Justinian wanted his empire to be like the roman empire?
Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.Justinian was a Roman emperor and his empire was the Roman empire.
Who used the Roman number system?
The Roman numeral system is used in the Latin language which is still spoken today in the Vatican
What led to the Mongol Empire system of administering its territories led to?
a period of peace and economic prosperity
One way in which the Inca empire and the roman empire are similar?
built a system of roadways throughout their empires
