0
Roman coins were made of silver, but when there was a need for more money and not enough silver, Rome reduced the amount of silver in its coins thus allowing them to make more coins. Coins made of silver and gold must also contain an alloy that makes them more durable. Rome eventually reduced the amount of silver in its coins from 96% to 4%. Merchants demanded more of the lower silver coins causing inflation and the military refused to be paid in Roman coins. Eventually, the Roman government also refused to accept its own money for the payment of taxes. Bartering became more popular among the people.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoThe Roman coins lost value because they were debased. This meant that the gold or silver content of the coins were decreased. Several emperors did this to increase the amount of the coins to fund their expenses and increases in the pay of the soldiers. This trend accelerated in the 3rd century when the empire was continuously invaded at several points of its vast frontiers and there was a need to finance war. Eventually the coins came to have hardly any precious metal content and became worthless.
Add your answer:
Earn +20 pts
By the end of the war Continental money was?
virtually worthless
What were some goals of Julius Caesar?
to become king and please his fellow Romans
In the early 1920s inflation made German money nearly worthless and led to Germany's economic collapse?
true
Why did the Jews pay taxes to the Romans?
Tax and duty on imports and exports, sales and purchases, bridge-money, road-money, harbour-dues, town-dues.
What did the Romans have a shortage of as the battles continued?
farmers, food, money, supplies, etc
Why did the owners not have enough money to pay the people during the great depression?
Their money had become nearly worthless. It cost $30 to $50 just for a hamburger.
What did roman people do to exchange goods without using money?
The Romans did have money. They had quite a range of coins. When the coins became worthless during the Crisis of the Third Century due to hyperinflation, barter was often used.
Why is college needed?
It helps u suceed Without collage you will become some worthless hobo spending there days begging for food and money.
Why don't we print an infinite amount of money?
We don't print an infinite amount because that would generate inflation. If we printed an infinite amount of money, the currency would become cheap and worthless.
What saved Continental dollars from becoming worthless?
Only loans from the French and Dutch kept the money from being worthless....
By the end of the war Continental money was?
virtually worthless
Why is counterfeit money bad?
Because it's worthless?
What were some goals of Julius Caesar?
to become king and please his fellow Romans
How do you cash outdated money orders?
You cannot. Money Orders are valid only for a certain period of time (Usually 90 days) and after that, they become worthless. They do not have any monetary value after the money orders expiration date. You cannot cash them after that date.
If you lost money on a financial institution stock can you claim it as a loss?
Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.
When does a worthless check become considered grand larceny in South Carolina?
When it becomes clear that the worthless check was written WITH THE INTENT to defraud.
How did the Romans get the people to become Romans?
They conquered them. Basically, it was by force.
