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The Codex Theodosianus, a 4th-century Roman legal code, documents several laws that provided tax-exempt status to land for the purpose of incentivizing agricultural work on such land. [82] One law, issued on October 13, 320, [ 83 ] granted tax-exempt lands to veterans; another law, issued on September 21, 440, [ 84 ] offered tax relief for ...
Believed to be the first coupon ever, this ticket for a free glass of Coca-Cola was first distributed in 1888 to help promote the drink. By 1913, the company had redeemed 8.5 million tickets. [6] Coca-Cola's 1888-issued "free glass of" is the earliest documented coupon. [6] [7] Coupons were mailed to potential customers and placed in magazines ...
Around 20 per cent of the population under jurisdiction of ancient Rome (25–40%, depending on the standards used, in Roman Italy) [129] lived in innumerable urban centers, with population of 10,000 and more and several military settlements, a very high rate of urbanisation by pre-industrial standards.
Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. [1] From its introduction during the Republic, in the third century BC, through Imperial times, Roman currency saw many changes in form, denomination, and composition. A feature was the inflationary debasement and replacement of coins over ...
Angus Maddison is the only economist cited who offers a detailed breakdown of the national disposable income (NDI) of the various parts of the Roman Empire. His "highly provisional" estimate (see right) relies on a low-count of the Roman population of only 44 million at the time of the death of Augustus in 14 AD.
The Holy Roman Empire, [f] also known as the Holy Roman Empire of the German Nation after 1512, was a polity in Central and Western Europe, usually headed by the Holy Roman Emperor. [16] It developed in the Early Middle Ages , and lasted for a millennium until its dissolution in 1806 during the Napoleonic Wars .
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
The Roman Empire revived under Emperor Justinian I (r. 527–565), [19] but the Avars, who had subjugated the Gepids, [20] invaded the Balkans from the 580s. [21] In 30 years all Roman troops were withdrawn from the peninsula, where only Dyrrhachium , Thessaloniki and a few other towns remained under Roman rule.