Caesar Augustus was born as Gaius Octavius on September 23, 63 B.C.E. Julius Caesar, his great-uncle, took an interest in Augustus. When Julius Caesar was murdered, Augustus discovered that he was Julius's heir to the throne. Before Augustus could gain the throne, however, he was forced to battle the armies of both Cleopatra VII and Marc Antony, who had their own plans for power following Julius Caesar's death. Augustus was victorious, and during his rule as Egypt's first Roman emperor, the country was peaceful and prosperous under his rule. Augustus died on August 19 in 14 C.E. (Source: http://www.biography.com/people/caesar-augustus-39561)Augustus is arguably the single most important figure in Roman history. In the course of his long and spectacular career, he put an end to the advancing decay of the Republic and established a new basis for Roman government that was to stand for three centuries. This system, termed the "Principate," was far from flawless, but it provided the Roman Empire with a series of rulers who presided over the longest period of unity, peace, and prosperity that Western Europe, the Middle East and the North African seaboard have known in their entire recorded history. Even if the rulers themselves on occasion left much to be desired, the scale of Augustus's achievement in establishing the system cannot be overstated. Aside from the immense importance of Augustus's reign from the broad historical perspective, he himself is an intriguing figure: at once tolerant and implacable, ruthless and forgiving, brazen and tactful. Clearly a man of many facets, he underwent three major political reinventions in his lifetime and negotiated the stormy and dangerous seas of the last phase of the Roman Revolution with skill and foresight. With Augustus established in power and with the Principate firmly rooted, the internal machinations of the imperial household provide a fascinating glimpse into the one issue that painted this otherwise gifted organizer and politician into a corner from which he could find no easy exit: the problem of the succession
In looking back on the reign of Augustus and its legacy to the Roman world, its longevity ought not to be overlooked as a key factor in its success. People had been born and reached middle age without knowing any form of government other than the Principate. Had Augustus died earlier (in 23 BC, for instance), matters may have turned out very differently. The attrition of the civil wars on the old Republican aristocracy and the longevity of Augustus, therefore, must be seen as major contributing factors in the transformation of the Roman state into a monarchy in these years. Augustus's own experience, his patience, his tact, and his great political acumen also played their part. All of these factors allowed him to put an end to the chaos of the Late Republic and re-establish the Roman state on a firm footing. He directed the future of the empire down many lasting paths, from the existence of a standing professional army stationed at or near the frontiers, to the dynastic principle so often employed in the imperial succession, to the embellishment of the capital at the emperor's expense. Augustus's ultimate legacy, however, was the peace and prosperity the empire was to enjoy for the next two centuries under the system he initiated. His memory was enshrined in the political ethos of the Imperial age as a paradigm of the good emperor; although every emperor adopted his name, Caesar Augustus, only a handful earned genuine comparison with him.
Source: http://www.roman-emperors.org/auggie.htm
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