HISB11H3 Lecture Notes - Lecture 12: Galerius, Sol Invictus, Principate
Document Summary
27/03/2012 8:30:00 am: the age of crisis (235-284) Military crisis (invasions) political crisis (political instability) economic crisis social crisis moral crisis. 260 valerian captured + killed by shapur i. 260 gallienus: italy, north africa, egypt, greece, danubian provinces. 260-267 sept. odenaethus + zenobia: syria, palestine, arabia, egypt, zenobia took over after her husband odenaethus" death. 260-268 postumus: gaul, spain, raetia, britain. Invasions sacking + destruction drop in productivity + insecurity (brigandage piracy) less exchanges inflation. Since the value of their coins (gold and silver) was decreasing in value, they were hoarding their money and putting it away because the newer coins were decreasing with value. They were hoping that the value could increase one day. But since they were putting away money, and not spending it, they bartered and resulted in less economic benefit. Causes: drop in productivity + exchanges, war expenses, tributes to barbarians . General impoverishment increased fiscal pressures + requisitions drop in municipal evergetism piracy, brigandage, plague.
