Rampant Hyperinflation,war and extreme coin debasement,all these things were extremely common in the Third Century. This time we are going to examine the Roman Monetary System and its eventual collapse,which greatly contributed to the fall of the Western part of the Empire.
Enjoy!
Sources:
-The Imperial Roman Economy, Hoarding, Gresham's Law and All That
By Historia
-The Monetary Systems of the Greeks and Romans
-Poczet Cesarzy Rzymskich by Aleksander Krawczuk(Polish)
-Money and government in the Roman empire
Book by Richard Duncan-Jones
-Imperial Rome AD 193 to 284: The Critical Century by Clifford Ando
0:00 Introduction
1:15 The Nature of Imperial Monetary Policy
3:44 Army-The Main Expenditure
6:23 Fulfillment of Roman Financial Obligations
9:10 The Preludium to a Crisis of a Third Century
13:03 The Crisis of the Third Century
14:36 Devaluation and Inflation of the third Century
20:20 Diocletian’s Reforms
22:17 Conclusions
Thanks for Watching!
