The Collapse of the Roman Monetary System - The Pax Romana Podcast 73

The Roman monetary system--one of the worlds most stable and trusted monetary systems for nearly 500 years, seems to have collapsed in the third century AD. Rapid debasements made Roman silver coins nearly valueless. This economic instability may have prompted inhabitants of the Roman Empire to stop using currency in some regions. In just the AD 270s alone, prices rose by around 1,000%. What happened to Roman currency and could anything have been done differently?