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.

Trade and tariffs in the Roman world

Trade between nations and empires date back thousands of years, including the use of tariffs to raise government revenue.

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.

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.

The Etruscans laid the foundations for Roman civilization

When we put aside the myths and legends about Rome's founding, one group takes center stage: the Etruscans. This now-vanished, Greek-like culture laid the foundations of Rome's alphabet, art, and more. Etruscan culture dominated northern Italy in the centuries before the Roman Republic.

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.

Ancient Romans took trips to the coast to beat the heat

When the weather grew too hot in Rome, the city’s elite traveled to coastal spots like the Gulf of Naples, where they’d eat oysters, drink wine, and bathe in thermal pools.

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?

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

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.

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.

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.

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.

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.

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 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.

Money—not land—became Europe’s key economic driver in the Middle Age

During the medieval commercial revolution, money gradually replaced land as the primary economic commodity. Expanding trade, markets, and finance transformed Europe’s economy—laying foundations, historians argue, that were essential for the later Industrial Revolution.

Former US Senator Mitt Romney cofounded a revolutionary private equity firm

Mitt Romney cofounded Bain Capital—a private investment group that manages more than $215B—in the 1980s before becoming a politician. Bain Capital is credited with revolutionizing private equity by focusing on consolidating and streamlining business operations rather than relying on financial engineering to increase company profits.

Graffiti dates back to at least ancient Pompeii, where citizens scrawled messages to one another on public walls

Wealthy Egyptians slept on woven beds to allow air circulation in hot climates

The history of beds is a fascinating look at economics, social science, and cultural beliefs around what takes place during sleep. This brief survey of the history of bed-making begins roughly 5,000 years ago and runs through ancient Egypt and Rome to modern Europe. Take a look here.

Before the US Mint, people made currency in private mints

Around the year 1652, New England coinage was created at private mints. Historically, private mints were often located in places where governments did not meet the demand for currency. This article dives into the history of private mints, including the ones people can still visit today.

Adam Smith’s 'The Wealth of Nations' introduced concepts like division of labor, productivity, and free markets

Published in 1776, "The Wealth of Nations" is an influential economic work that laid the foundation for modern economic theory. Smith argued for limited government intervention and touted the benefits of self-regulating markets.

Retail investing by the numbers

When average Americans began pouring into the stock market, Wall Street wasn’t sure if its new guests were there to stay. But at the end of 2023, Public confidently declared that retail investors “weren’t going anywhere” after 30 million new individuals began buying and selling stock. Download the report to learn more here.

While the first exchange-traded fund (a 'basket' of different assets that can be bought and sold on a stock exchange) in the US only launched in 1993, the global ETF market has grown to more than $10T in the short time since.

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

Learn more about the history of fireworks, which dates back to an accidental invention during an alchemist's quest for information about immortality.

For centuries, it was common to sleep in two shifts: a few hours at the beginning of the night, and a longer period beginning around midnight

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

Watch this video that uses Lego bricks to explain how venture capital works.

Some coin denominations have ridges etched on their sides, partly to prevent counterfeiting, in a practice called 'reeding.'

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

The term 'algorithm' originated from the Latinized name of al-Khwārizmī, a 9th-century mathematician whose works introduced Arabic numerals and the decimal-based numeral system to Europe and whose treatise 'Al-Jabr' gave algebra its name.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

Volcanic activity may have triggered the Black Death by spewing gases that led to crop failures in Europe, thus forcing the import of grain ships with plague-infested fleas.

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

After the Boston Tea Party, colonists switched to coffee, which became the main morning drink for revolutionaries.

A researcher recently discovered an interview from 1967 between groundbreaking journalist Joan Didion and the Grateful Dead, years before the band became an institution.

The Brothers Grimm were lawyers before they were storytellers, but became interested in fairy tales as they began investigating how rules and customs had been passed down through cultures.

The first line of 'immortal' human cells, which can divide indefinitely and are used in scientific research, was nonconsensually taken from a Black woman.

Before humans, the Soviet Union and the United States sent animals—including apes, dogs, and cats—to space during the Space Race.

The 1987 Nintendo video game 'Stadium Events' isn't known for being particularly fun, but its scarcity has made it a highly sought-after item that has sold for up to $35K at auction.

The first steps to rebuilding your credit score include getting to know exactly what's on your credit report and figuring out how far you are from the '700 club,' or 'good score' range.

20,000 letters to the advice columnist 'Dear Abby' provide insight into prevailing sex, religion, and LGBTQ fears, anxieties, and concerns from the 1950s onward.

The US Constitution is widely regarded as the longest-standing written national constitution still in force—see how it has influenced rights worldwide.

The USPS spent $3.97B in 2024, accounting for .058% of the federal budget.

Artificial coral reefs have been 3D printed from nontoxic, biodegradable terracotta clay, which coral polyps have used as a foundation for rebuilding marine ecosystems.