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History, 09.09.2019 21:30 Babebrooks9667
One historian has given the following description of the economy of the roman empire in the third century under the emperor diocletian: the coinage had become so debased as to be virtually worthless. diocletian's attempt to reissue good gold and silver coins failed because there simply was not enough gold and silver available to restore confidence in the currency. finally accepted the ruin of the money economy and revised the tax system so that it was based on payments in kind. the soldiers too came to be paid in kind. source: ralph w. mathisen, "diocletian," an online encyclopedia of roman emperors, what does it mean to say that the coinage had become debased?
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One historian has given the following description of the economy of the roman empire in the third ce...
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