Search results
Results From The WOW.Com Content Network
The study of the economies of the ancient city-state of Rome and its empire during the Republican and Imperial periods remains highly speculative. There are no surviving records of business and government accounts, such as detailed reports of tax revenues, and few literary sources regarding economic activity.
Rome is a major EU and international financial, cultural, and business center. Rome's trade is 0.1% of world economic trade. With a 2005 GDP of €94.376 billion (US$121.5 billion), [1] the city produces 6.7% of the national GDP after Milan which provides 10%, and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union ...
A silver coin of Tiberius.. A financial and economic crisis occurred in 33 AD in the Roman Empire, during the reign of Emperor Tiberius.After a shift in government policy and a series of confiscations reduced the Roman money supply, the crisis was triggered by the invocation of an old law which resulted in the early recalls of loans given, a credit crunch, and a crash of real estate prices.
The economy was also crippled by the breakdown in trading networks and the debasement of the currency. Major cities and towns, including Rome itself, had not needed fortifications for many centuries, but now surrounded themselves with thick walls. [23] Fundamental problems with the empire still remained.
For premium support please call: 800-290-4726 more ways to reach us
The domination of the state by the three-man group of the First Triumvirate—Caesar, Crassus, and Pompey—from 59 BC did little to restore order or peace in Rome. [65] The first "triumvirate" dominated republican politics by controlling elections, continually holding office, and violating the law through their long periods of ex officio ...
Later on, due to political, economical and social problems in the country during the late-1960s and most of the 1970s, [52] the economy went stagnant and in 1975, entered its first recession after that of the late-1940s. The problems included an increasingly high inflation rate, high energy prices (Italy is highly dependent on foreign oil and ...
Universities, national radio and television and the movie industry in Rome are also important parts of the economy: Rome is also the hub of the Italian film industry, thanks to the Cinecittà studios, working since the 1930s. The city is also a centre for banking and insurance as well as electronics, energy, transport, and aerospace industries.