Joe+L

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Ancient Roman Facts

 * Less silver in coins
 * By 268AD-270AD, the amount of silver in a supposedly 100% silver coin, was only .02% silver
 * As the amount of silver in coins went down, soldiers’ rates went up
 * Commodus used up nearly all the imperial coffers
 * Sources of wealth were taxes and land, when expansion ended, the Roman government received less money
 * The government had to spend imperial coffers, raise taxes, and confiscate land from the wealthy to get money in times of need
 * The senatorial class was overtaxed to render them powerless, when they became poor, then everyone else had to pay more taxes
 * The imperial guard was made to make sure that the emperor could overtax the senatorial class
 * Some workers went into slavery because they thought that freedom from taxation was more important than personal freedom
 * The empire wasn't making money from slaves, so in 368AD, Emperor Valens made it illegal to sell oneself into slavery
 * The treasuries were being reduced due to barbarian attacks
 * 15,000% inflation rate when silver percentage was reduced to .02%(wheat for 7-8 was now sold for 120,000)

Current Facts

 * The U.S. government controls inflation and prices by the amount of money being released into the public
 * During crises, the U.S. inflation rate went up a lot
 * When prices go up, inflation goes down
 * The U.S. has experienced two currency collapses, one during the Revolutionary War, and the other during the Civil War
 * The top 5 inflation periods of the U.S. are the Revolutionary War 23%, the Civil War 20%, the War of 1812 17%, WWI 17%, and WWII 13%
 * In 2008, Zimbabwe hyper inflated to an inflation rate of 12,563%
 * The interest rates and dollar amounts for the U.S. from 1800 to 2010 along with the historic moments during those times: []

Questions

 * Is inflation the main cause of economic downfall
 * Is inflation more of a problem in import/export than in the area that we live
 * Explanation of how inflation is directly related to prices, foreign issues, population, demand, supply, crises, natural disasters, technological breakthroughs, crime
 * Is the effect of inflation defined by the behaviors of the people

As inflation started, the soldiers needed more coins because the value of the coins went down

History of inflation, and how it affected the standard of living

[] An interactive chart that show dollar amounts and interest rates throughout american history

The difference between the appearance of the denarii at 100% silver(left) and .02% silver(right)

The yearly inflation rate during 2010 around the earth.

A silver quarter(left) and the quarter we use today(right)

A silver dime(left) and the dime we use today(right)

A silver nickel from 1943(left) and the nickel we use today(right)

A steal penny from 1943(left) a wheat penny from 1920(middle) and the penny we use today(right)