Mention is made of foreign state-loans, and in the monetary system we find along with gold and silver mention of a token-money having no intrinsic value--a species of currency not used elsewhere in antiquity.

In fact, if government had resolved itself into mere mercantile speculation, never would any state have solved the problem more brilliantly than Carthage.
Comparison between Carthage and Rome In Their Economy Let us now compare the respective resources of Carthage and Rome.
Both were agricultural and mercantile cities, and nothing more; art and science had substantially the same altogether subordinate and altogether practical position in both, except that in this respect Carthage had made greater progress than Rome.

But in Carthage the moneyed interest preponderated over the landed, in Rome at this time the landed still preponderated over the moneyed; and, while the agriculturists of Carthage were universally large landlords and slave-holders, in the Rome of this period the great mass of the burgesses still tilled their fields in person.

The majority of the population in Rome held property, and was therefore conservative; the majority in Carthage held no property, and was therefore accessible to the gold of the rich as well as to the cry of the democrats for reform.

In Carthage there already prevailed all that opulence which marks powerful commercial cities, while the manners and police of Rome still maintained at least externally the severity and frugality of the olden times.