09-08-2010, 02:13 PM
I'm increasingly convinced that converting ancient money into modern is fraught with all kinds of problems. I think the following approach of comparing the cost for the U.S. Army to the Roman Army is highly flawed, but the article is interesting enough to mention:
Quote:The very best paid of these—in fact, the best paid athlete of all time—was a Lusitanian Spaniard named Gaius Appuleius Diocles, who had short stints with the Whites and Greens, before settling in for a long career with the Reds. Twenty-four years of winnings brought Diocles—likely an illiterate man whose signature move was the strong final dash—the staggering sum of 35,863,120 sesterces in prize money. The figure is recorded in a monumental inscription erected in Rome by his fellow charioteers and admirers in 146, which hails him fulsomely on his retirement at the age of “42 years, 7 months, and 23 days” as “champion of all charioteers.”
His total take home amounted to five times the earnings of the highest paid provincial governors over a similar period—enough to provide grain for the entire city of Rome for one year, or to pay all the ordinary soldiers of the Roman Army at the height of its imperial reach for a fifth of a year. By today’s standards that last figure, assuming the apt comparison is what it takes to pay the wages of the American armed forces for the same period, would cash out to about $15 billion.
Greates of All Time
David J. Cord
www.davidcord.com
www.davidcord.com
