FREE BOOKS

Author's List




PREV.   NEXT  
|<   539   540   541   542   543   544   545   546   547   548   549   550   551   552   553   554   555   556   557   558   559   560   561   562   563  
564   565   566   567   568   569   570   571   572   573   574   575   576   577   578   579   580   581   582   583   584   585   586   587   588   >>   >|  
e older equations were not sufficient, because in the Hellenic world itself the most varied metrical and monetary systems subsisted side by side; it was necessary, and formed part doubtless of Caesar's plan, now to introduce everywhere in the new united empire, so far as this had not been done already, Roman money, Roman measures, and Roman weights in such a manner that they alone should be reckoned by in official intercourse, and that the non-Roman systems should be restricted to local currency or placed in a--once for all regulated--ratio to the Roman.(111) The action of Caesar, however, can only be pointed out in two of the most important of these departments, the monetary system and the calendar. Gold Coin as Imperial Currency The Roman monetary system was based on the two precious metals circulating side by side and in a fixed relation to each other, gold being given and taken according to weight,(112) silver in the form of coin; but practically in consequence of the extensive transmarine intercourse the gold far preponderated over the silver. Whether the acceptance of Roman silver money was not even at an earlier period obligatory throughout the empire, is uncertain; at any rate uncoined gold essentially supplied the place of imperial money throughout the Roman territory, the more so as the Romans had prohibited the coining of gold in all the provinces and client- states, and the -denarius- had, in addition to Italy, de jure or de facto naturalized itself in Cisalpine Gaul, in Sicily, in Spain and various other places, especially in the west.(113) but the imperial coinage begins with Caesar. Exactly like Alexander, he marked the foundation of the new monarchy embracing the civilized world by the fact that the only metal forming an universal medium obtained the first place in the coinage. The greatness of the scale on which the new Caesarian gold piece (20 shillings 7 pence according to the present value of the metal) was immediately coined, is shown by the fact that in a single treasure buried seven years after Caesar's death 80,000 of these pieces were found together. It is true that financial speculations may have exercised a collateral influence in this respect.(114) as to the silver money, the exclusive rule of the Roman -denarius- in all the west, for which the foundation had previously been laid, was finally established by Caesar, when he definitively closed the only Occidental mint that still com
PREV.   NEXT  
|<   539   540   541   542   543   544   545   546   547   548   549   550   551   552   553   554   555   556   557   558   559   560   561   562   563  
564   565   566   567   568   569   570   571   572   573   574   575   576   577   578   579   580   581   582   583   584   585   586   587   588   >>   >|  



Top keywords:

Caesar

 

silver

 
monetary
 

intercourse

 

denarius

 

imperial

 

foundation

 

coinage

 

system

 
empire

systems
 

embracing

 

begins

 
civilized
 
previously
 

Exactly

 

finally

 
marked
 

established

 
monarchy

Alexander

 
definitively
 
addition
 

client

 

states

 

naturalized

 
Cisalpine
 

exclusive

 

places

 
Sicily

Occidental
 

closed

 

medium

 

buried

 

treasure

 

provinces

 

coined

 

single

 

financial

 
speculations

pieces
 
immediately
 

greatness

 

respect

 

Caesarian

 
obtained
 

forming

 

universal

 

influence

 

present