Inflation and the Fall of Rome - Economic History DOCUMENTARY
466K views · Oct 6, 2022 · Education
Comments · 955
@InvictaHistory · 3 years ago · pinned
How big of a role do you think Inflation played in the fall of Rome? (You can Install Raid for Free on Mobile and PC: <a href="https://clik.cc/PoaTg">https://clik.cc/PoaTg</a> and get a special starter pack. Available only for the next 30 days)
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@legateelizabeth · 3 years ago
“That miracle came in the form of … Emperor Aurelian.”<br>I love that even actual history channels are now on board with ‘Aurelian was a walking deus ex machina and literal gift from the heavens’. All you need to do now is only ever show him with the mask on.
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@animula6908 · 3 years ago
Im not worried about inflation when I see it in the news. Im worried about it when I see it in the grocery store.
1.3K
@BornIn1142 · 3 years ago
Alan Moore, the famous comic book writer, has a short story called "The Head of Diocletian," which is about a proud Roman official in Britannia having a crisis when he realizes how worthless their currency is.
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@TurboNerd6 · 3 years ago
I really enjoy these economic dives into Rome
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@celtofcanaanesurix2245 · 3 years ago
this is what we call in the business "foreshadowing"
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@MattMajcan · 3 years ago (edited)
its just crazy how many times rome kept doubling down without realizing that maybe a new strategy was needed. the crazy thing is that humans really havent learned anything since then, and many governments still use printing money aka debasing currency as a way of financing things. Maybe people do realize the damage that causes and just dont care, someone else can fix it later.
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@khalidalali186 · 3 years ago
@<a href="https://www.youtube.com/watch?v=iGPoK5bEdZ8&t=1223">20:23</a> the Roman dude is not freaking out over inflation or the debasement of the currency. He’s freaking out over the existence of a 16th century Ottoman mosque from Bosnia right behind him.
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@geordiejones5618 · 3 years ago (edited)
Inflation being an indirect cause of the Second Punic War is super interesting and I've never heard that discussed as part of the tensions involved both internally and externally with Rome.
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@RandomlyGeneratedUsername · 3 years ago (edited)
There's a small factual error in the video. Quadrigatus was introduced around 225 BC which was after the First Punic War. Didrachms were minted before this in Rome and Neapolis, but quadrigati specifically only came later. Later Rome also introduced their equivalent of the drachm, half a didrachm or quadrigatus, called the victoriatus. Both quadrigati and victoriati were also minted in a number of mints, not just Rome, and both saw debasement.
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@alexandrejuliaomachado9547 · 3 years ago
Excellent video! I'm Brazilian and between the late 80's and early 90's, my country went through a period of hyperinflation. Only those who have gone through it, know how destructive hyperinflation can be.
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@alexeysaphonov232 · 3 years ago
Just to understand how deep it is:<br><br>1. Italian word for money is Soldi (Plural from solidus).<br>2. Russian word 'деньгі' (den'gi) from turik ten'ge, from Persian denge, from roman dinarius.<br>3. English word money, french monnaie, russian манета, italian maneda, deutsche Münze - all from roman word for mint, one of which was organizer in the temple of Iuno Moneda.<br>4. All forms of Grosch, Grosz, Грошы - middleage Grossus Dinarius.
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