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With reference to the Res Gestae and Suetonius' Life of Augustus, to what extent did Augustus establish a monarchy between 31BC and 19BC?  

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With reference to the Res Gestae and Suetonius' Life of Augustus, to what extent did Augustus establish a monarchy between 31BC and 19BC? The key component of "monarchy" as a political system is generally considered to be the rule, usually in this period absolute, of one person over a state for the duration of their lifetime. It also contains an inherently hereditary nature, with the holder of the office not being elected or appointed through a political process, but named by their predecessor as heir. Rome of the first century BC, however, boasted a strong tradition of proud Republicanism; a tradition with which the concept of monarchy seemed wholly incompatible. Despite the virtual collapse of the Roman Republic in the foregoing years of military demagogues and civil war, and the systematic murder of passionate Republicans such as Cicero under the Triumvirate, the concept of hereditary rule was still widely regarded with...

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