In 5th century Rome, the economy prospered, the population grew and trade flourished. Rome was a great trading centre which attracted traders and merchants from all over, providing Rome with a great deal of wealth. The economy of Rome during the 5th century was mainly based on agriculture and trade, with some industry being present.
\nAgriculture was at the centre of the economy, with crops such as wheat, barley, and vegetables being grown. Viticulture was also very popular, as the warm climate of Rome made it ideal for the cultivation of grapes. Herding and animal husbandry were also common.
\nThe primary source of revenue for Rome during the 5th century was from trade. The port of Rome was an important trading hub, where goods from all over the world were brought to Rome and sold in the market. The Roman economy also flourished due to the various technologies that had been introduced. Inventions like glassmaking, milling, coin minting and iron smithing made the production of goods more efficient.
\nRome also had a great banking system. The banking system was mainly concentrated in Rome, where banks like the “Office of Monetary Exchange” handled all the money transactions of the city. The system also involved smaller banks located in other cities and even smaller towns.
\nThe 5th century also saw a great expansion in industry. The introduction of glassmaking, weaving, and milling made Rome into a great industrial centre. Industry was mainly concentrated in Rome as there was an abundance of resources, but it could also be found in other cities and towns. The production of pottery and tiles was also very popular in the 5th century.
\nThough the Roman Empire declined and eventually fell in the 5th century, commerce and industry flourished during its time. Its pioneering banking system, commercial innovations and technologies still form part of our economic system today. <\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Rome was a great and powerful city in the 5th century. Before its eventual decline, Rome had been the center … <\/p>\n
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