The decline of the Roman Empire
1. From the 3rd century AD, various processes unfolded in the Roman Empire, collectively leading to economic decline: the population began to decrease
2. This phenomenon can be attributed to several factors: the diminished importance of children in Roman values, and a lifestyle that did not favour child-rearing
3. Grain production declined, and by the end of the era, it became increasingly difficult to supply cities with food
4. With the cessation of conquest campaigns, fewer slaves entered the empire, causing a rise in the prices of goods
5. Slaves, who were less suitable for high-quality work that generated significant income, were replaced by free tenants, colonus, who were given small plots of land in exchange for a share of the harvest
6. The employment of free tenants alleviated the labour shortage, but since colonus and their families consumed more than slaves, the quantity of goods entering the market also decreased = further complicating the provision of food to cities
7. Foreign trade continued to focus primarily on the importation of luxury goods: Examples of such commodities include amber (Amber Road), silk (Silk Road), and frankincense (Frankincense Route)⇢ Rome could not pay for these goods with similarly valuable products, leading to the settlement of transactions in gold= As a result, precious metals continuously left the economic circulation of the empire