"True or False: Inflation was one reason for the decline of Rome."
History · Middle School · Sun Jan 24 2021
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Answered on
True.
- Inflation, which is the decline in purchasing power of a currency, resulting in an increase in the prices of goods and services, was indeed one of the reasons for the decline of the Roman Empire. The Roman government's practice of debasing their currency (reducing the precious metal content in coins) to finance military campaigns and public works led to inflation. As the value of the currency decreased, prices for goods and services rose, leading to economic instability.