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How Inflation Ruined the Roman Economy 2 года назад


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How Inflation Ruined the Roman Economy

In the third century, the Roman emperors reduced the gold and silver content of their coins, inadvertently starting a cycle of inflation and debasement. The first 1,000 people to use this link will get a 1 month free trial of Skillshare: https://skl.sh/toldinstone01221 I’d like to thank Classical Numismatics for their contributions to this video. For much more on ancient Greek and Roman coins, check out their channel:    / classicalnumismatics   Please consider supporting toldinstone on Patreon:   / toldinstone   If you liked this video, you might also enjoy my book “Naked Statues, Fat Gladiators, and War Elephants: Frequently Asked Questions about the Ancient Greeks and Romans.” https://www.amazon.com/Naked-Statues-... If you're so inclined, you can follow me elsewhere on the web:   / toldinstone     / toldinstone     / 20993845.garrett_ryan   Chapters: 0:00 Introduction 1:03 The revenues of the Roman emperors 1:32 The imperial budget 3:00 The currency and its stability 4:25 Skillshare 5:18 The Crisis and its consequences 7:04 Debasing the currency 10:35 Inflation in the second century 11:11 Hyperinflation in the third century 11:51 Ending the crisis 12:25 The reforms of Aurelian and Diocletian 13:15 Conclusion Thanks for watching!

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