Vocabulary: Roman Economy

• Step 1: Examine the pictures carefully and try to determine the definition of the concept or word. Use your previous knowledge.

• Step 2: Afterwards we will write the real definitions. Lets see how close you were!

Economy You should BUY

something! It will help Rome become

wealthy!

Define: Economy

• Definition: the wealth and resources of a country or region.

• Apply to Rome: The Pax Romana was a time of economic growth for the Empire. Farming was the foundation of the roman economy, and money flowed into the provinces which they spent on building new schools, roads, and temples. That, in turn helped cities grow.

Commerce

Define: Commerce

• Definition: the activity of buying and selling (or trading goods).

• Apply to Rome: There was an increase in commerce in Rome because peace and stability brought more opportunities for trade (Agricultural items for luxury goods).

Currency

Define: Currency

• Definition: a system of money in general use in a particular country.

• Apply to Rome: The main form of currency used in the roman empire were coins. (Gold and silver denariuses)

Stable Currency

“Stable price of the currency”

The dramatic fall IS NOT STABLE

Define: Stable Currency

• Definition: Currency that does not change is value over time.

• Apply to Rome: Economic growth in the empire was helped by the creation of a stable currency that does not change its value over time.

Trade Route and Goods

Trade Routes: Silk Road