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It was part of the downfall of the Roman Empire 1. Not enough mines to mine silver, exhausted based on their technology 2. China sold silk and other stuff and
by Beijinger 2y ago
It was part of the downfall of the Roman Empire
1. Not enough mines to mine silver, exhausted based on their technology
2. China sold silk and other stuff and accumulating silver
https://cassandralegacy.blogspot.com/2014/03/peak-civilization-how-roman-empire.html https://cassandralegacy.blogspot.com/2014/03/peak-civilizati...
- thaumasiotes 2y agoWhat's the downfall part of that?
- Beijinger 2y agoIf your money becomes worthless?
- thaumasiotes 2y agoWhat does that have to do with downfall? The value of your money is whatever it is, determined by the productivity of your state and the amount of money it recognizes. Given your username of "Beijinger", you should be familiar with the traditional Chinese currency: https://en.wikipedia.org/wiki/String_of_cash_coins_(currency_unit) https://en.wikipedia.org/wiki/String_of_cash_coins_(currency... > the weight of the Chinese money necessary for a journey of over three thousand miles was, as the Russian consul thought, one of the greatest of our almost insurmountable obstacles. The extreme worthlessness of Chinese currency didn't play into any Chinese downfalls. (Though it's not obvious to me why Sachtleben wanted to transport currency rather than bullion.)
- Beijinger 2y agoThe Roman Empire could not pay her troops anymore. Neither could they pay the Chinese for their products. BTW, when China accumulated a majority of the world silver again and did not buy anything from the world, the British said, we have something you need! The reason for the opium wars....