The equites or members of the equestrian order, were a social class in ancient Rome. Originally they were the men wealthy enough to own a horse and were the cavalry. However over time, they grew into a separate social class consisting of businessmen, merchants, and magistrates. They wore a gold ring as a sign of their status. You could loosely call them the middle class.
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The difference between plebeians and equites was one of class. The plebeians were part of the nobility, they were families who could trace their lineage back to the founding of the city. The equites, on the other hand, could be from anywhere in the empire, but living in Rome. They were the businessmen or the upper middle class and they were the ones who controlled business and the trade guilds.
The equites or equestrians.
Five of the social classes in ancient Rome were the patricians, the plebeians, the equites, freedmen and slaves.
The Assembly of the Centuries (comitia centuriata) was made up of patricians, equites and plebeians. It was the Assembly of the Soldiers. All soldiers voted in this assembly. It was named after the century (centuria) which was the basic unit of the Roman army, similar to a company. The soldiers were plebeians. The officers mostly were patricians. The cavalry was made up of the equites (cavalrymen) who were the second highest social rank in Roman society.
It has been estimated that the senators and the equites (cavalrymen) formed a minute elite of 10,000 men. They monopolised political power and wealth was concetrated in their hands. The population of the emprie has been estimated at 50-60 million.