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