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Rome's Economic Revolution$
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Philip Kay

Print publication date: 2014

Print ISBN-13: 9780199681549

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199681549.001.0001

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The Creation of ‘Material Complexity’

The Creation of ‘Material Complexity’

(p.214) (p.215) 9 The Creation of ‘Material Complexity’
Rome's Economic Revolution

Philip Kay

Oxford University Press

The physical manifestation of Rome’s monetary expansion was in building and construction. After its defeat of Antiochus III, there was a remarkable period of expenditure on infrastructure. In addition, many central Italian cities saw a significant increase in levels of municipal and personal wealth, as a result of expanding trade with the East. This can be observed in the euergetism of local magistrates and in the construction of monumental sanctuaries. The liquidity boom also had other effects. The expanded military activity that it financed would itself have demanded an increased provision of goods and services. The economic stimuli resulting from this, as well as from the growth in trade and large-scale building programmes, were profound because of the multiplier effect on the wider economy. It is possible to trace the growth of a large manufacturing sector, although elite involvement seems to have been limited to the provision of raw materials.

Keywords:   building, construction, Antiochus III, infrastructure, trade, multiplier, manufacturing, elite, euergitism, military

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