[Social life at Rome in the Age of Cicero by W. Warde Fowler]@TWC D-Link bookSocial life at Rome in the Age of Cicero CHAPTER III 6/33
The presence of Hannibal in Italy strained the resources of the State to the utmost in every way; it cut the Romans off from their supply of the precious metals, forced them to reduce the weight of the _as_ to one ounce, and, curiously enough, also to issue gold coins for the first time,--a measure probably taken on account of the dearth of silver,--and to make use of the uncoined gold in the treasury or in private hands.
At the end of the war the supply of silver was recovered; henceforward all reckonings were made in silver, and the gold coinage was not long continued. At this happy time, when Rome felt that she could breathe again after the final defeat of her deadly enemy, began the great inpouring of wealth of which the capitalism of Cicero's time is the direct result. The chief sources of this wealth, so far as the State was concerned, were the indemnities paid by conquered peoples, especially Carthage and Antiochus of Syria, and the booty brought home by victorious generals.
Of these Livy has preserved explicit accounts, and the best example is perhaps that of the booty brought by Scipio Asiaticus from Asia Minor in 189 B.C., of which Pliny remarks that it first introduced luxury into Italy.[104] It has been roughly computed that the total amount from indemnities may be taken at six million of our pounds, in the period of the great wars of the second century B.C., and from booty very much the same sum.
Besides this we have to take account of the produce of the Spanish silver mines, of which the Romans came into possession with the Carthaginian dominions in Spain; the richest of these were near Carthago Nova, and Polybius tells us that in his day they employed 40,000 miners, and produced an immense revenue.[105] All this went into the aerarium, except what was distributed out of the booty to the soldiers, both Romans and socii, the former naturally taking as a rule double the amount paid to the latter.
But the influx of treasure into the State coffers soon began to tell upon the financial welfare of the whole citizen community; the most striking proof of this is the fact that, in 167 B.C., after the second Macedonian war, the _tribulum_ or property-tax was no longer imposed upon all citizens.
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