Augustus had learnt from Julius Caesar's previous mistakes.
During the latter part of his career, Julius Caesar had shown a lack of respect for the senate quite openly. In addition, he blocked the ambitions of prominent men by holding most of the top positions for himself, including the dictatorship.
Augstus wanted to reconcile with the senate and thus tried to increase its dignitas.
Augustus also respected the senatorial need for competition for some of the highest positions in the senatorial order and the system of the cursus honorum.
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