Rome had lots of debt and like the US, they couldn’t pay it all. So they produced a higher quantity of coins but with less precious metal content in them. This is called debasing a currency. Rome continued to debase their coins while increasing their debt (like we are doing).
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How did Rome Collapse?
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Rome had lots of debt and like the US, they couldn’t pay it all. So they produced a higher quantity of coins but with less precious metal content in them. This is called debasing a currency. Rome continued to debase their coins while increasing their debt (like we are doing).