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Updated: August 1, 2024
The great financial crisis, which in consequence of the Italo-Asiatic commotions of 664 f. set in upon the Roman capitalist-class, the bankruptcy of the state and of private persons, the general depreciation of landed property and of partnership-shares, can no longer be traced out in detail; but their general nature and their importance are placed beyond doubt by their results the murder of the praetor by a band of creditors, the attempt to eject from the senate all the senators not free of debt, the renewal of the maximum of interest by Sulla, the cancelling of 75 per cent of all debts by the revolutionary party.
The great financial crisis, which in consequence of the Italo-Asiatic commotions of 664 f. set in upon the Roman capitalist-class, the bankruptcy of the state and of private persons, the general depreciation of landed property and of partnership-shares, can no longer be traced out in detail; but their general nature and their importance are placed beyond doubt by their results the murder of the praetor by a band of creditors, the attempt to eject from the senate all the senators not free of debt, the renewal of the maximum of interest by Sulla, the cancelling of 75 per cent of all debts by the revolutionary party.
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