Inflation was caused by the crisis of the 3rd century. During this period the empire was under the strain of numerous attacks across the vast frontiers. Many local and regional military commanders proclaimed themselves as usurping emperors of their regions. They issued their own coins. This produced an excess of coins. Therefore, the problems started with an oversupply of money.
The problem persisted because of the Romans' poor understanding of economics. They tired to debase their coins (decreasing the amount precious metal in them). This was like trying to devalue the currency. It did not work. They also tried to introduce price controls. This did not work either. The Romans did not understand that it was a problem of oversupply.
Another problem was that raids by the Franks and Alemanni destroyed large parts of Gaul. This led to an agricultural crisis. As food production decreased, prices rose.
as government weakened, Law and Order broke down. roads and bridges were destroyed, and trade touts became unsafe.
The currency was degraded and devalued and so was no longer a fair means of exchange.
kk
The invasions of the western part of the Roman Empire led to its weakening and sparked the process which led to its fall in during this century. The eastern part of the Roman Empire was not affected by these invasions and continued to eixst for 1,000 years
it didnt weaken it it made it stronger by adding more land which over all gave a better economy. with out the Louisiana purchase the country would be as big as it started out.
The Roman economy, like all pre-industrial economies, was primarily agricultural. Trade was also important.
to help the economy
I have the same question! But no one's answering it!!
kk
The economy of the United States crashed in 1929 and caused the Great Depression. The uneven distribution of wealth led to this because the poor had no money at all, and the rich had all of the money. When the economy crashed, everyone lost money.
World War two stopped the economy for 5 years, it caused the loss of thousands of British men. It put Britain severely in debt.
The Continental System
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What impact did slavery have on the deterioration of the Roman economy?
The invasions of the western part of the Roman Empire led to its weakening and sparked the process which led to its fall in during this century. The eastern part of the Roman Empire was not affected by these invasions and continued to eixst for 1,000 years
There are many things that Alexander the great did to strengthen or weaken the economy of a city he conquered. Some of these things include stretching out his empire and fighting various battles with Persia to break their power.
The Roman economy was based on a combination of agriculture, trade, and taxation. Agriculture was a crucial part of the economy, with the majority of the population involved in farming. Taxation was also a key source of revenue for the Roman government, helping fund the military, infrastructure, and other public services.
Caused confusion and doubt among Christians
Like in all pre-industrial economies, the basis of the Roman economy as agriculture.