11: The Roman Economy Before the Fall
The Fall of Rome Podcast
The Aristocracy in North Africa
Aristocratic families of the late Roman West were an order of magnitude wealthier than their predecessors at the top of the social scale. The basis of wealth shifted from land to money, and land was valuable in so far as it generated money. This is why Benaggi's point about gold is important. It explains all of this down to the third and fourth order effects. All across the Roman Empire, the rich got richer as they poured their wealth into new commercial ventures.
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