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Roman coins were made of silver, but when there was a need for more money and not enough silver, Rome reduced the amount of silver in its coins thus allowing them to make more coins. Coins made of silver and gold must also contain an alloy that makes them more durable. Rome eventually reduced the amount of silver in its coins from 96% to 4%. Merchants demanded more of the lower silver coins causing inflation and the military refused to be paid in Roman coins. Eventually, the Roman government also refused to accept its own money for the payment of taxes. Bartering became more popular among the people.
What else can I help you with?
What were some goals of Julius Caesar?
to become king and please his fellow Romans
By the end of the war Continental money was?
virtually worthless
Why was Confederate money rendered worthless during the Civil War?
Confederate money became worthless during the Civil War because the Confederate government printed too much of it, causing hyperinflation and a loss of confidence in its value.
Why did the Jews pay taxes to the Romans?
Tax and duty on imports and exports, sales and purchases, bridge-money, road-money, harbour-dues, town-dues.
In the early 1920s inflation made German money nearly worthless and led to Germany's economic collapse?
true
Why did the owners not have enough money to pay the people during the great depression?
Their money had become nearly worthless. It cost $30 to $50 just for a hamburger.
What did roman people do to exchange goods without using money?
The Romans did have money. They had quite a range of coins. When the coins became worthless during the Crisis of the Third Century due to hyperinflation, barter was often used.
Why is college needed?
It helps u suceed Without collage you will become some worthless hobo spending there days begging for food and money.
Why don't we print an infinite amount of money?
We don't print an infinite amount because that would generate inflation. If we printed an infinite amount of money, the currency would become cheap and worthless.
What were some goals of Julius Caesar?
to become king and please his fellow Romans
By the end of the war Continental money was?
virtually worthless
Why is counterfeit money bad?
Because it's worthless?
How do you cash outdated money orders?
You cannot. Money Orders are valid only for a certain period of time (Usually 90 days) and after that, they become worthless. They do not have any monetary value after the money orders expiration date. You cannot cash them after that date.
If you lost money on a financial institution stock can you claim it as a loss?
Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.
How did the Romans get the people to become Romans?
They conquered them. Basically, it was by force.
When does a worthless check become considered grand larceny in South Carolina?
When it becomes clear that the worthless check was written WITH THE INTENT to defraud.
Who started money?
The Romans
