Rome's Economic Downfall

247 Words1 Pages
One of many faults that was due to Rome’s string of military losses sustained against outside forces. Rome had tangled with many tribes over the centuries, but by the Barbarian groups like the Goths had invaded beyond the Empire’s borders. Even as Rome was under attack from separate militaries, it was also decaying from within thanks to a severe financial economic crisis. Continuous wars and excessive spending had significantly lightened imperial banks, and unfair taxation and inflation increased the gap between the rich and poor. Attempting to avoid the tax collector, many associates of the wealthy groups fled to the countryside and set up self-governing communities. At the same time, the empire was stunned by a labor shortfall. Rome’s economy