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During the Crisis of the Third Century, the Roman Empire experienced military, political and economic problems. There were many invasions of the empire at distant points along its vast frontiers. The Roman army managed to repel them, but came under great strain and was overstretched. This created a period of military anarchy. Troops proclaimed their commanders as emperors. There was a rapid turnover of emperors and many emperors were murdered, sometimes even by their own troops. There were also 35 usurper emperors who tried to usurp the imperial title or take over parts of the empire.
There was also the problem of hyperinflation. Prices rose rapidly due to many years of debasement of the Roman coins; that is, the gold and silver content of gold and silver coins was continually decreased, which eventually became minimal. This devalued the coins and created hyperinflation. In the end the coins became worthless and useless for transactions.
Hyperinflation, the instability created by the military anarchy and the destruction created by the invaders and war led to a collapse of trade and the economy in the areas near the frontiers. It seems that the areas far from the frontiers were not affected as badly.
After this period, political stability was restored and the problem of hyperinflation was resolved. There was economic recovery, but in the areas near the frontiers, the recovery was partial and the economic damage proved irreparable.
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The fall of the Roman Empire was not quick at all. It was the cumulative effect of many different causes, including attacks by barbarians, a declining economy, and the citizens no longer believing in Rome. -Caleb Mauer
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