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Years of devaluation had occurred during the reign of previous emperors as they expanded the Roman army to fight repeated and devastating invasions into the empire and to increase the pay and bonuses of the miltary. The problem of inflation had been caused by the debasement of the coins: the reduction in the precious metal content which devalued the coins. They had become worthless due to minimal precious metal content. Diocletian undertook a monetary reform which introduced five new coin: a gold coin, a silver coin, a copper and silver coin and a copper coin. The gold and silver coins had higher precious metal contents than the previous ones. However, the monetary reform did not stop inflation. Therefore, Diocletian issued the Edict of Maximum Prices to put a limit on the prices of goods. However, this proved unenforceable. It was Constantine the Great who managed to control inflation. He concentrated on issuing large quantities of a new gold coin and temporality did not issue new silver coins until late during his reign. He confiscated the treasuries of pagan temples and shrines to amass gold to be smelted for coins. The gold coin proved to be stable and inflation started to slow.
jimmy carter
The Federal Reserve began raising interest rates
The Office of Price Administration was created by Congress to fight the threat of inflation. The Office was created by Executive Order 8875 on August 28, 1941, to establish price controls and rent after the outbreak of World War II.
the board sell securities and increase discount rates
The main difference between the two emperors was that Diocletian persecuted the Christians, while Constantine supported them.
The main difference between the two emperors was that Diocletian persecuted the Christians, while Constantine supported them.
Diocletian did not accept the religion of Christianity but Constantine became a Christian and removed the bans of Christianity....THATS IT.....
Philosophy and Peniology.
Constantine
Yes, Constantine's father, Constantius, was one of the Caesars appointed by Diocletian. After the abdication of Diocletian he became co-emperor with Galerius.
Yes.Yes.Yes.Yes.Yes.Yes.Yes.Yes.Yes.
First tell us whom we are talking about.
Diocletian and Constantine.
Constantine grew up in the court of Emperor Diocletian.
No. Constantine defeated a rival general named Severus to become Emperor of Rome. In fact, Diocletian was the first emperor to abdicate, and he lived out the rest of his life quietly.
Constantine didn't split the Roman Empire. It was Diocletian, and he divided the empire into western and eastern halves.