WORLD RELIGIONS

Detailed explanation-1: -Hyperinflation was crippling the economy. In 284 AD, Emperor Diocletian attained power and tried to curb the freefall by introducing price controls in 301 AD. He also presented a new silver coin called the argenteus, with one coin equal to 50 of the old denarii.

Detailed explanation-2: -The Roman Imperial monetary economy often suffered bouts of inflation in part by emperors who issued money to fund high-profile imperial projects such as public building works or costly wars that offered opportunities for propaganda but little or no material gain.

Detailed explanation-3: -During his reign, Diocletian recognized that diluting the coinage was the source of the problem, and he issued new gold and silver coins to prevent inflation. This did not entirely fix the empire’s economic issues, but inflation began to decline.