CASH CRISIS

Cards (11)

  • Inflation
    Prices rise and money loses its value
  • Economic problems faced by the Roman Empire
    • Inflation
    • Heavy taxes
    • Debasement of currency (money worth less than before)
  • How the Roman Empire got money
    1. Taxes
    2. Tributes (payments from conquered peoples)
  • Pressure on the Roman Empire's resources
    Little left for other things
  • Debasement of currency
    Money was worth less than before
  • Value of the Empire's money went down
    People couldn't buy as much with their money
  • People couldn't buy as much with their money
    Led to less spending and slower economic activity
  • Trade networks
    Routes that allowed the Empire to buy and sell goods with other places
  • Decline of trade networks
    Harder for the Empire to do business, which slowed down economic growth
  • These issues led to a stuck economy and upset people
  • The strain on resources, less valuable money, and reduced trade created an unstable economy