How Did The Economy Lead To The Decline Of The Roman Empire

Throughout history, there have been many great empires, but they all fell at one point in time. Usually, this was because of a series of internal events that weakened an empire to a point where it was vulnerable to a final blow from an external source. The Roman Empire was the largest empire in history, which existed for about 1,200 years, with times of war, prosperity, and innovation. However, all great empires eventually came to an end; in 200 CE, The Roman Empire started to decline, and about three hundred years later, in 476 CE, the Western Roman Empire collapsed once and for all. Rome’s political instability and its lack of stable leadership led to other problems, such as economic hardship and a severe lack of cohesion, all together weakening the Western Roman Empire to a point where it was destined to fall.
Rome’s political issues primarily caused the downfall of the Western Roman Empire because the corrupt government decisions caused its stable economy to crumble. The collapse of the Roman economy prevented Rome from accessing essential resources and caused hyperinflation of the Roman currency, which eventually led to a large lack of cohesion. Before the Roman economy declined, Romans could access essential and luxurious resources, which pleased the commoners and the elites. The Roman’s currency, the Denarii, was used a lot for trading purposes because it was made out of silver, which made it valuable. However, during the Third Century Crisis, strongmen mismanaged money by spending it on personal items instead of on things Rome needed. The government wanted to print more currency, but they did not have enough silver, so they decreased the amount of silver in the Denarii so they could print more. However, people started to notice, and massive hyperinflation of the Denarii occurred. As a result,