The Principate is the name sometimes given to the first period of the Roman Empire from the beginning of the reign of Augustus in about 30 BC to the Crisis of the Third Century in 284 AD, after which it evolved into the so-called Dominate.
The Principate is characterised by the reign of a single emperor (princeps) and an effort on the part of the early emperors, at least, to preserve the illusion of the formal continuance, in some aspects, of the Roman Republic.
It is etymologically derived from the Latin word princeps, meaning chief or first, the political regime dominated by such a political leader, whether or not he is formally head of state and/or head of government. This reflects the principate emperors' assertion that they were merely "first among equals" among the citizens of Rome.
The title, in full, of princeps senatus / princeps civitatis ("first amongst the senators" / "first amongst the citizens") was first adopted by Octavian Caesar Augustus (27 BC–AD 14), the first Roman 'emperor' who chose, like the assassinated dictator Julius Caesar, not to reintroduce a legal monarchy. Augustus's purpose was probably to establish the political stability desperately needed after the exhausting civil wars by a de facto dictatorial regime within the constitutional framework of the Roman Republic as a more acceptable alternative to, for example, the early Roman Kingdom.
The title itself derived from the position of the princeps senatus, traditionally the oldest member of the Senate who had the right to be heard first on any debate. Although dynastic pretences crept in from the start, formalizing this in a monarchic style remained politically unthinkable.