On April 21, 753 B.C. twin brothers Romulus and Remus, sons of the god Mars, founded the ancient city of Rome.
Like all great nations, Rome's dominance eventually came to an end. Economic factors were a major cause of the Fall of Rome. Inflation was the main reason for the fall... Emperors, like Nero, debased the currency in order to supply a demand for more coins. This meant that a coin no longer had actual value, it became representative of the silver or gold the coin had once contained. This led to severe inflation, depending on how you define inflation.
Other problems also contributed to Rome's financial fall: poor management, the dole, and hoarding. Inflation was the largest factor that ultimately led to the fall of Rome. I hope the Fed starts raising interest rates at the right time so I don't have to read about how inflation led to the Fall of the United States.
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