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Chris Vail's avatar

What drove the Roman Republic into the Empire was money lending. Interest rates ranged from 24% to 48%. This meant that business ownership was concentrated among the wealthy, and a huge part of the population were perpetual slaves.

The only institution that provided economic growth was the Army. And this was because wealth was distributed to veterans upon their retirement from the Army. The great achievement of Caesar Augustus was to placate the Senate even as he accumulated political power.

Caesar Augustus created the Praetorian Guard, which became part of the problem. Starting with Caligula, the Praetorian Guard assassinated 13 emperors. The Praetorian Guard was finally abolished by Emperor Constantine after he defeated them in battle.

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