Unfortunately the city had inherited many of the traits which for a thousand years had been characteristic of the Phoenicians. It was a vast business-house, protected by a strong navy, indifferent to most of the finer aspects of life. The city and the surrounding country and the distant colonies were all ruled by a small but exceedingly powerful group of rich men, The Greek word for rich is "ploutos" and the Greeks called such a government by "rich men" a "Plutocracy." Carthage was a plutocracy and the real power of the state lay in the hands of a dozen big shipowners and mine-owners and merchants who met in the back room of an office and regarded their common Fatherland as a business enterprise which ought to yield them a decent profit. They were however wide awake and full of energy and worked very hard.