Money, shortage of

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William Carroll Bark argues in Origins of the Medieval World (1958)...

"Bark also cites the scarcity of gold in the late empire as a reason for its decline. Currency inflated as it was no longer made of real gold. No longer wanting to be paid with money, soldiers and wealthy citizens chose instead to be paid with actual objects of value. It became difficult for the government to retain any money for itself, and it began to resort more and more to cheaper mercenaries to defend it."

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