Drew MacMartin on Twitter: "1/ Hard to soft Money: The Hyperinflation of the Roman Empire Thousands of years before 1920s Weimar Germany 🇩🇪 hyperinflation, there was the great currency debasement of the Roman Empire 🪙 . 🧵 👇… https://t.co/ETnJfO8Dw4"
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1/ Hard to soft Money: The Hyperinflation of the Roman Empire Thousands of years before 1920s Weimar Germany hyperinflation, there was the great currency debasement of the Roman Empire . pic.twitter.com/VI4wIfMhTk
2/ At the turn of the 2nd Century AD, the Roman Empire controlled all of Western Europe, parts of North Africa and the Middle East. Some estimate up to 65-100 million people lived under Roman rule. (Approximately 20% of the world population) .pic.twitter.com/IFSiZ8VqXm
3/ Yet, 150 years later the Empire was near collapse. There are many factors which caused the ‘Crisis of the Third Century’ (235–284 AD). Notably political disorders, corruption, slowing expansion, wars etc… The biggest factor IMO was the debasement of the Roman Currency pic.twitter.com/FsCtS7HmTX
