The Ledger

The LedgerThe LedgerThe Ledger

The Ledger

The LedgerThe LedgerThe Ledger
  • Home
  • Why
  • Definitions & Sources
  • More
    • Home
    • Why
    • Definitions & Sources
Start The Ledger
  • Home
  • Why
  • Definitions & Sources
Start The Ledger

The Roman Republic (Parts 1 - 8):

Agrarian Economy

An economy where wealth and power are primarily based on owning and farming the land.

Citizen-Soldier

The Roman ideal of a citizen who owns a small plot of land and serves in the army to protect and expand the state. 

Patricians & Plebeians

The two main social classes of the early Republic. The Patricians were the wealthy elite, while the Plebeians were the common citizens.

Struggle of the Orders

The centuries-long political conflict between the patricians and plebeians over economic and political rights. 

Debt Bondage (nexum)

A harsh form of debt contract where a borrower could be forced into servitude by their creditor if they failed to repay a loan.

Public Finance

The management of a state's money to fund projects for the public good.

Infrastructure

Basic physical structures needed for a society, such as roads. 

Appian Way

One of Rome's earliest and most famous roads, a major feat of public finance.

Punic Wars

A series of three major wars fought between the Roman Republic and the Carthaginian Empire for dominance over the Western Mediterranean.

Mercenaries

Professional soldiers who are hired to fight for a foreign army, motivated by pay rather than loyalty. 

Citizen-Soldier

The Roman ideal of a citizen who owns land and serves in the army as an obligation to the state. 

War Bonds

A form of debt issued by a government to finance a war. The patriotic "donations" of wealthy Romans served a similar function. 

Indemnity

A sum of money paid by the losing side in a war to the winner as compensation. 

Economic Resilience

The ability of an economy and society to withstand and recover from major shocks, such as a devastating military defeat. 

Denarius

The iconic silver coin introduced by the Roman Republic around 211 BCE as part of a major monetary reform.

Debasement

The act of reducing the amount of precious metal in a coin while keeping its official face value the same.

Monetary Reform

A complete overhaul of a country's currency system to restore trust and create a stable standard of value. 

Standard of Value

A common measure of worth that allows the value of different goods and services to be compared. 

State Guarantee

The promise and authority of a government that backs the value of its currency.

Propaganda

Information or imagery used to promote a political cause. The symbols on the denarius served this purpose. 

Roma / Dioscuri

The divine figures whose images appeared on the first denarii, symbolizing Roman resolve and divine favor. 

Latifundia

Large, industrial-scale agricultural estates owned by the wealthy elite and worked primarily by enslaved people. 

Ager Publicus

"Public land" in Latin; the territories conquered by Rome.

Capital

A large concentration of money and other assets that can be used for investment. 

Wealth Inequality

The significant and growing gap between the richest members of society and the general population. 

Equestrian Order (equities)

A class of wealthy Roman citizens who were not senators, primarily involved in business and finance. 

Publicani

Private companies, usually led by equites, that won state contracts to collect taxes in Roman provinces. 

Tribune

A powerful official in the Roman Republic elected to protect the rights of the common people (the plebeians) from the wealthy elite (the patricians). 

Ager Publicus

"Public land" in Latin. The Gracchi brothers' reforms sought to redistribute this land from the wealthy back to landless citizens. 

Land Reform

A political effort to redistribute agricultural land, typically from a small number of wealthy owners to a larger population. 

Political Violence

The use of physical force, riots, and assassination to achieve political or economic goals, replacing debate and legal processes.

Grain Subsidy

A government action to reduce the price of a key food staple for its citizens. Gaius Gracchus's law was an early form of this. 

Moral Hazard

A situation where one party gets involved in a risky event knowing that they are protected against the risk and another party will incur the cost. 

Professional Army

A permanent, full-time military force whose soldiers view their service as a long-term career and are paid a regular salary by their commander or the state.

Client Army

A military force whose soldiers' primary loyalty is not to the state, but to their general, who acts as their "patron" by guaranteeing their pay and retirement benefits.

Proscriptions

Published lists of individuals who are declared outlaws and can be killed without trial, with their property confiscated by the state or the warlord in power. 

Confiscation

The act of the state seizing private property without compensation, often as a penalty or a way to fund the state and reward political allies. 

Spoils of War

The wealth and assets seized from a defeated enemy, which Caesar used to pay off his debts and create a fiercely loyal client army.

Debt

An obligation owed to another. Caesar's early career was funded by massive personal debt. 

First Triumvirate

A private political alliance between Julius Caesar, Pompey the Great, and Marcus Licinius Crassus to dominate Roman politics.

Civil War

A war between organized groups within the same state.

Dictator

A Roman emergency office with absolute power. Caesar had himself appointed "dictator in perpetuity." 

Public Works

Infrastructure projects financed by the state for public use.

Debt Restructuring

A reorganization of debts to make them more manageable, such as by reducing interest rates or forgiving some principal.

Proscriptions

Published lists of political enemies who were declared outlaws and could be killed without trial, with their property confiscated.

Principate

The form of government established by Augustus, a monarchy disguised as a republic.

Monetary Stability

A state where a currency is trustworthy, its value is predictable, and it is free from wild inflation or debasement. 

Aerarium (State Treasury)

The central treasury of the Roman state.

Aerarium Militare (Military Treasury)

The new, dedicated treasury established by Augustus to manage the pay and retirement benefits for soldiers. 

Sources for The Roman Republic (Part 1): Foundations of a Financial Power

  • "The History of Rome" by Livy.
  • World History Encyclopedia, articles on "Struggle of the Orders" and "Appian Way."
  • "SPQR: A History of Ancient Rome" by Mary Beard.
  • "Rubicon: The Last Years of the Roman Republic" by Tom Holland.

Sources used for The Roman Republic (Part 2): A Clash of Economic Empires

  • "The Punic Wars" by Adrian Goldsworthy.
  • "The Fall of Carthage: The Punic Wars 265-146 BC" by Adrian Goldsworthy.
  • "The Histories" by Polybius.
  • World History Encyclopedia, articles on "Punic Wars" and "Hannibal."

Sources used for The Roman Republic (Part 3): The Coin of the Republic

  • "Coinage and Money under the Roman Republic" by Michael H. Crawford.
  • "The Punic Wars" by Adrian Goldsworthy.
  • World History Encyclopedia, article on the "Denarius."
  • "A History of Rome" by Marcel Le Glay, Jean-Louis Voisin, and Yann Le Bohec.

Sources used for The Roman Republic (Part 4): The Spoils of Victory

  • "The Histories" by Polybius.
  • Plutarch, "Parallel Lives."
  • "The Storm Before the Storm: The Beginning of the End of the Roman Republic" by Mike Duncan.
  • World History Encyclopedia, articles on "Latifundia" and "Equestrian (Roman)."

Sources used for The Roman Republic (Part 5): The Gracchi Brothers

  • Plutarch, "Parallel Lives" (specifically the "Life of Tiberius Gracchus" and "Life of Gaius Gracchus").
  • World History Encyclopedia, article on "Tiberius Gracchus."
  • Appian, "The Roman Civil Wars," Book 1.
  • "The Storm Before the Storm: The Beginning of the End of the Roman Republic" by Mike Duncan.

Sources used for The Roman Republic (Part 6): The Rise of the Warlords

  • "The Storm Before the Storm: The Beginning of the End of the Roman Republic" by Mike Duncan.
  • "Rubicon: The Last Years of the Roman Republic" by Tom Holland.
  • Plutarch, "Parallel Lives" (specifically the "Life of Marius" and "Life of Sulla").
  • Appian, "The Roman Civil Wars," Book 1.

Sources used for The Roman Republic (Part 7): The Man Who Bought Rome

  • Plutarch, "Parallel Lives" (specifically the "Life of Caesar").
  • Appian, "The Roman Civil Wars."
  • Suetonius, "The Twelve Caesars."
  • "Rubicon: The Last Years of the Roman Republic" by Tom Holland.

Sources used for The Roman Republic (Part 8): The Augustan Settlement

  • "The Roman Revolution" by Ronald Syme.
  • World History Encyclopedia, articles on "Augustus" and "Second Triumvirate."
  • "Augustus" by Adrian Goldsworthy.
  • The "Res Gestae Divi Augusti" (The Deeds of the Divine Augustus).

Copyright © 2026 The Ledger - All Rights Reserved.

Powered by

  • Home
  • Why
  • Definitions & Sources
  • Contact
  • FAQs

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept