The Roman/Byzantine Empire implemented questionable economic policies to enter new markets and continue the monopolies they had. According to Procopius, one of Justinian’s main advisors, the Roman Empire smuggled in Silk Worms from China to be able to enter the Silk market to be able to lower the price for themselves. The Empire also enforced dress codes of who could dress in Silk and what color they could wear. They did this to separate the classes from one another.
Justinian’s may have been a conqueror and war hero, but his economic philosophy is questionable. His policies crippled families and led Constantinople to be a city of beggars. Justinian’s imposed price ceilings on products, like silk and perfumes, because he thinks those products
Justinian’s may have been a conqueror and war hero, but his economic philosophy is questionable. His policies crippled families and led Constantinople to be a city of beggars. Justinian’s imposed price ceilings on products, like silk and perfumes, because he thinks those products