How ancient Romans invested and worked

‘Roman military pensions’ were among the first known pensions in history

Instituted by the first Roman emperor, Augustus, around 13 BCE, these early iterations of pensions made it so soldiers sometimes received about a decade's worth of their pay, plus some land to live on. Augustus instituted these pensions to secure loyalty and reduce the risk of coups and unrest. This video includes more fun tidbits about the history of retirement.

See a collection of ancient Roman coins used on the Silk Roads

As ancient Rome's appetite for eastern luxuries grew, long-distance trade routes linking the Mediterranean to Asia emerged along what became known as the Silk Road. Without shared language or legal systems, merchants could use the reliable Roman coins to exchange with other cultures. This exhibit features gold and silver pieces bearing the portraits of emperors and Latin inscriptions.

The origin and history of stock exchanges

When were stocks first sold? Though debt was first sold in Venice in the 14th century, stocks proper began in the Netherlands. To fund its spice trade across the world in 1602, the Dutch East India Company sold stocks to individual investors, a novel approach to raising funds. It was the Dutch West India Company that founded New York—the site of some of the world’s greatest stock exchanges. Listen to a concise historical overview here.

Ancient Romans helped develop modern cheese production techniques

The ancient Romans loved cheese and experimented with different processes to elevate its flavor, like aging. Some of their innovations, like Pecorino Romano, you can still find today. Others, like the smoked goat-milk Caseus, we only know about through historical records.

Urban planning in ancient Rome

Ancient Rome represents one of the earliest examples of coordinated urban planning from a central government for which researchers have access to contemporary records. This review from MIT showcases ancient Roman cities built on various types of grids, from rectangular outlines to those shaped around two intersecting axes, with several examples and maps provided for each.

A history of Rome and wine

Wine and winemaking were integral parts of everyday Roman life. Wine was used medicinally and for religious rites, as well as for pleasure. It also contributed to the expansion of the Roman empire as wine and grapes were traded throughout the Mediterranean. Roman winemaking practices spread as the empire grew. Without Rome, wine may never have grown into what it became, and vice versa.

Ancient Rome explained

Ancient Rome left a high water mark on ancient civilization with its pragmatism and administrative prowess, dominating through its efficient military, engineering, and administration. At least 50 million people—a quarter of the world population—inhabited the empire, covering 5 million square miles at its height.

Twelve centuries of Roman history in 20 minutes

The Roman Empire may have been the world's first example of globalization, covering thousands of miles and crossing language barriers armed with Latin and short swords. Its legacy is nearly unparalleled in contemporary Europe, with nearly 50 Romance languages deriving from Latin.

A history of stock exchanges, from Venitain merchants to modern day

While the idea of stock exchanges—markets where securities can be bought and sold—is mostly synonymous with Wall Street, the New York Stock Exchange, and other modern markets, places to buy and sell financial instruments have a long history....

The world's oldest stock exchange was called the Amsterdam Stock Exchange

What is now referred to as Euronext Amsterdam got its start centuries ago, in the early 1600s. Back then, it was called the Amsterdam Stock Exchange—and it might not have existed without the Dutch East India Co.'s desire to raise funding for its seafaring ventures.

Ancient Romans were registered in lists of citizens to confirm their identity

Falsely claiming to be a Roman citizen was a capital offense, but taking up another identity was one way people could change their lot. Several accounts report how escaped enslaved people sought freedom by pretending to be citizens, and multiple "Neros" appeared after the real emperor died in 68 CE.

A stock market timeline

The stock market has come a long way since the 1600s, when the first version of a stock exchange was created in Amsterdam. Mile markers along the way include everything from the Dow Jones Industrial Average's creation in 1896 to the stock market woes during the COVID-19 pandemic in 2020.

Roman roads have lasted for millennia and were key to its military might

Known for their almost absurd straightness, Roman roads connected the empire's armies, messengers, and traders as imperial administrators sought to keep down rebellion and build up Roman wealth. Rome's highways were expertly engineered, well-patrolled, and easy to navigate.

The ancient Greeks and Romans were known to take vacations.

From bartering to banking, temples to electronic transactions, here’s banking has evolved significantly since ancient times

A few historical facts about banking (like that one day, not long ago, certificates of deposit were physical pieces of paper) may not surprise you. But did you know that the church was the original lender? And that Julius Caesar himself invented foreclosure?

How ancient Roman gladiators got ready to rumble

Before they could lay the smackdown in the arena, gladiators were professionally trained, combining a physical regimen with an education in the rules of the ring. Contrary to popular belief, archaeological evidence suggests most gladiators weren't killed in the action, and women may have fought on rare occasions. This article breaks down a life of a Roman gladiator.

Estimate the costs of an ancient Roman vacation

The Medicis of Italy innovated 'bills of exchange,' precursors to checks

At the time, lending money for interest (also known as usury) was banned in much of the Christian world. The enterprising Medicis developed bills of exchange to allow merchants to promise payment without cash or coin (with some discrete means of earning interest woven in). Learn more about how this family laid the foundation for modern banking.

A reading of ancient Rome's best graffiti

Graffiti has been surprisingly common throughout history, and even the grandeur of ancient Rome's walls wasn't spared. This clever and funny video reads through some of the more notable messages relayed via graffiti in ancient Rome, from tidbits of wisdom like "A small problem gets larger if you ignore it" to more unsavory observations of lovers, friends, and enemies.

Read how Roman writers described gladiators

This article, drawn from an older classical dictionary, synthesizes the views of ancient Roman authors on gladiators. While archaeological knowledge has advanced, the core textual evidence remains the same, with links to translations of the sources.

Ancient Romans took trips to the coast to beat the heat and relax.

The bond market dates back to the 1100s in Venice

In the early 1800s, bonds were used to fund US railroads and canals in Great Britain. “Liberty Bonds” were sold during both World Wars in the 20th century. Learning about the early and modern history of bonds can offer a glimpse into how the modern bond market came to be.

Eleven aqueducts funneled water to Rome's 1 million inhabitants

The Roman Empire's capital city was home to about one million people at its peak and managed to provide running water to many of its homes, fountains, and public baths. This was made possible by the 11 aesthetically grand aqueducts that poured into ancient Rome from the countryside.

Fascinating 3D animation shows how Romans built roads

Highly efficient engineering and materials production allowed Roman administrators to lay down nearly 50,000 miles of roads across the ancient empire. These roads were built so effectively that many are still around today. Watch this quick 3-minute video to see how they did it.

Synchronized swimming dates back to Ancient Rome

Known for gruesome gladiatorial contests, ancient Rome's aquatic spectacles may have been even more over-the-top. This article dives into the art of synchronized swimming in ancient Rome. Lakes were dug and amphitheaters flooded to provide space for aquatic reenactments of naval battles and artistic performances. Swimmers playing the role of water nymphs would create elaborate shapes, including ships with billowing sails.

The first US stock exchange dates back to the 1790s in Philadelphia

Only two years after that stock exchange in Philadelphia started, the largest stock exchange in the US to date was created: the New York Stock Exchange.

Saturnalia was a Roman festival that helped shape Christmas

Ancient Romans celebrated Saturnalia in mid-December, honoring Saturn, the god of agriculture, with week-long street festivals. These celebrations featured gift exchanges, lavish meals, and gambling, which was prohibited in public at the time.

In ancient Rome, toast was added to drinks

Toasted bread crumbs absorbed the acidity of bitter wine and, in some cases, added flavor. Although the term "toasting" was not yet in use, the practice was common. Some say the Roman Senate decreed in the first century CE that all citizens must drink to the honor of Emperor Augustus before every meal, though scholars debate the validity of that claim. Eventually, the literal toast became associated with the tributes.

The ancient Games at Olympia ended after 1,500 years due to economic issues

The ancient Olympics came to an end in 393 CE, and some historians point to Christian Roman emperor Theodosius I's ban on celebrating pagan festivals. This article explores an alternative theory: a bad economy. The writers cite the Theodosian Code, which makes no mention of the Olympics, and multiple records that mention the Olympics after Theodosius' death.

Roman terror was key to its centuries-long dominance

Historians like Polybius recorded Rome's violent tactics in detail, including the enslavement of entire populations and the mass killing of whole cities. Even as terror and violence proved effective in war, many Romans came to view the tactics with skepticism.

A day in the life of a Roman soldier

In 15 CE, Roman legionary Servius Felix was eight years into a 25-year career as a warrior for the Empire. Born to a poor farmer who hoped to retire and receive several acres of land, Servius served amid fights with Germanic tribes from the north. He hopes to marry a woman back home and mourns the loss of his fallen friends.

Wealthy patricians and poorer plebeians struggled for power for centuries

During the Roman Republic, the plebs sought political protection, more access to power, and freedom, while the patricians looked to protect their elite status and wealth. Plebeians regularly "seceded," or effectively went on strike and did not fight for the patricians.

Ancient Romans sometimes lobbed insults through graffiti

Graffiti was used to communicate ideas, offer advice, and, not unlike the internet, talk some trash. That was especially true with tourists, who sometimes scrawled messages on the pyramids, including one person who complained, "I can not read the hierogylphics." In response, someone replied, "Why do you care that you can not read the hieroglyphics? I do not understand your concern."

Becoming a man in ancient Rome

In ancient Rome, boys between the ages of 14 and 17 underwent a traditional ceremony marking their transition from childhood to adulthood. This article explores what we know about this common practice and its significance. Learn about the ritual celebration, which included a new white toga, sacrifices, and becoming registered as a citizen.

The world’s first publicly traded company was the United East India Co.

In an effort to best Spain and gain access to valuable trade in Asia, the Dutch Republic launched the VOC, or the United East India Co. The company held an initial public offering in 1602, allowing “subscribers” to choose how much they wanted to invest in the new venture. It was open to all residents of the republic, making this the first opportunity for retail investors in the world.

The 12 tables: Rome's attempt to fairly enforce the law

It's unclear exactly why ancient Romans drafted the Laws of the Twelve Tables in the mid-400s BCE, but the result was a collection of precisely worded, written laws that could be made known to everyone. This article explores the history and importance of these 12 bronze tables, which were an attempt to make the law equally applicable to all and were destroyed when Rome was attacked in 390 BCE.

Explore the system of ancient Roman roads with this interactive

The Itiner-e map includes unpaved secondary roads that connected farms and towns to the empire's primary routes. Explore routes, view three-dimensional elevation, and compare the old roads to contemporary ones with this sprawling interactive project.

Explore different ways the ancient Greeks laid the foundation of Western culture, from philosophy to sports (w/quiz).

The concept of life insurance likely originated in ancient Rome around the year 100 BCE

However, life insurance policies didn’t reach the Americas until 1759, when life insurance started being used to protect the families of Protestant ministers when said ministers died. This timeline of life insurance’s early history—and how it has evolved since then—provides more details.

As technology evolved, so did Wall Street

Before the telephone was invented in the mid 1800s, people had to trade stocks in person. But once office telephones and computers became commonplace, banks and other financial institutions didn't necessarily need to have their headquarters near exchanges like Wall Street's New York Stock Exchange.

How banking works

To do big things, people often need more money. Banks jumpstart economic activity with loans paid back with interest, and when things are working well, both people and the bank make more money. Formed in the Middle Ages amid competing currencies in Italy, banks—from the Italian for bench, banco—helped stimulate that era's commercial revolution, a massive expansion in Mediterranean trade and development. Find out the ins and outs of banks in this quick explainer video.

Dividends are payments made by a corporation to its shareholders

From the Dutch East India Company paying out the first dividends over 400 years ago to the word “dividend’s” ancient Latin roots, Dividend.com has a full explainer of this investing perk and how individuals can earn income while holding dividend-paying stocks or ETFs.

The high-tech mechanisms of the Roman Colosseum

The Roman Colosseum is one of the most iconic amphitheaters in the world and still partially stands today. Aside from its sheer size, the arena was equipped with some of the most high-tech engineering from the classical world, including sophisticated lifts, a huge retractable awning, and an underground network of tunnels, elevators, and trapdoors.

The first-ever IPO was issued by the Dutch East India Co., a spice company.

It first offered shares to the public in the 1600s on the Amsterdam Stock Exchange to help finance its passages. The Dutch East India Co. succeeded in part due to its monopolistic hold over the East Indies at the time.

For most of human history, property rights were in the elite’s hands

Humans learned to domesticate dogs long before they formed the concept of private property. But by the era of the ancient Greeks and Romans, property law and ownership became more sophisticated.

What do you mean ancient Rome had 'Five Good Emperors?'

Between the first and second centuries CE, Rome was ruled by five emperors who reversed the civilization's sprint toward civil war. By the end of the fifth emperor's reign, the Roman Empire had achieved a level of stability and power it would never hold again. This article details the reign of the Five Good Emperors—Nerva, Trajan, Hadrian, Antoninus Pius, and Marcus Aurelius—who were chosen based on their abilities instead of their bloodlines.

What was the Great Fire of Rome?

In the hours between July 18 and 19 in 64 CE, the glittering capital of ancient Rome became engulfed in flames. This 46-minute podcast details the Great Fire of Rome that destroyed much of the city, according to historical literary sources. The fire burned for nine days after starting at market stalls near the Palatine Hill and the Circus Maximus, one of the city's largest chariot racing stadiums. The fire's cause remains unknown.

The history of Wall Street as a financial center dates back to the 1700s, beginning with the establishment of the New York Stock Exchange and New York City's first official slave market.

Distributing money to everyone via a universal basic income has provoked heated debates throughout history.

When the New York Stock Exchange was started in 1792, traders would meet both outside on the street and in coffee shops to do business.