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Fall of Ancient Rome
Transcript of Fall of Ancient Rome
2.5 Million square miles
Excessive government spending was a big problem
Roman Forum cost hundreds of billions of dollars in today's money
Roads, Aquaducts and other building projects expanded the money supply
Coins were based in Gold and Silver
Nero 54-68 A.D.
Silver coin was made from 90% Silver
Two Centuries later under Claudius II 268-270 A.D. Coins were made from .2% Silver
This led to massive inflation
We Do Not Have Dodgeball!
But we can watch this
Roman Military had to protect vast amount of land.
Used Mercenaries. Hired soldiers not loyal to Rome but to themselves.
Are there any similarities to the U.S.?
History can teach us about the present
The Military Costs money. Where does it come from?
You can tax the people only so much
until they start to revolt.
You can create more money
Borrow the money and go into debt
All of this taxing, spending and creating money has consequences.
Use the websites to complete the worksheet.
The Fall of Rome
Economics Part 1
Coins were based on
Gold and Silver
Nero 54-68 A.D. Silver coin was
made from 90% Silver
Two Centuries later Under Claudius II
268-270 A.D. Coins were made from
This lead to ????