Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Posts Tagged ‘anc

How much wealth was in the Roman treasury in 49 B.C.? How about annual tax revenue under Augustus?

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Hadn’t thought about that question too much, but when Jacob Soll mentioned it in his book, The Reckoning: Financial Accountability and the Rise and Fall of Nations, it got me thinking.

He gives the following info:

In his Natural History, Pliny states that in 49 BCE , the year Caesar crossed the Rubicon, the Roman treasury contained 17,410 pounds of gold, 22,070 pounds of silver, and in coin, 6,135,400 sesterces.

Soll, Jacob (2014-04-29). The Reckoning: Financial Accountability and the Rise and Fall of Nations (Kindle Locations 276-277). Basic Books. Kindle Edition.

I don’t think in terms of pounds of gold or silver and I don’t know what a sesterce is or what it is worth. But I do know how to search the ‘net.

I share this on my Nonprofit Update blog and cross-post it here at Attestation Update because I enjoyed it and think it might be some fun trivia for accountants and people working in the faith-based community.

By the way, Prof Soll’s book is superb. Just got started reading it and think I will find lots of little tidbits to share. More on that idea in my next post.

How much is that worth?

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Written by Jim Ulvog

August 22, 2014, 10:49 am at 10:49 am

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