Panic of 410

The Panic of 410 was a financial crisis that occurred around the early 5th century when the Roman Empire faced economic instability, including a decline in tax revenues, inflation, and a shortage of precious metals like gold and silver. These problems led to a loss of confidence in Roman currency, causing people to hoard valuables and reduce trade. The crisis weakened the empire's economic foundation, making it harder to fund military defenses and administrative functions, which contributed to political and social turmoil during the fall of the Western Roman Empire.