Classifier Instance:

Anchor text: De Rebus Bellicis
Target Entity: De_Rebus_Bellicis
Preceding Context: After the runaway inflation of the third century, associated with the production of fiat money to pay for public expenses, Diocletian had tried unsuccessfully to reestablish trustworthy minting of silver and billon coins. The failure of the various Diocletianic attempts at the restoration of a functioning silver coin resided in the fact that the silver currency was overvalued in terms of its actual metal content, and therefore could only circulate at much discounted rates. Minting of the Diocletianic "pure" silver argenteus ceased, therefore, soon after 305, while the billion currency continued to be used until the 360s. From then on, Constantine forsook any attempts at restoring the silver currency, preferring instead to concentrate on minting large quantities of good standard gold pieces—the solidus, 72 of which made a pound of gold. Billion minting being stopped, de jure, in 367, a new and highly debased silver piece was eventually continued by various denominations of bronze coins, the most important being the centenionalis. These bronze pieces continued to be devalued, assuring the possibility of keeping fiduciary minting alongside a gold standard. The anonymous author of the possibly contemporary treatise on military affairs
Succeeding Context: held that, as a consequence of this monetary policy, the rift between classes widened: the rich benefited from the stability in purchasing power of the gold piece, while the poor had to cope with ever-degrading bronze pieces. Later emperors like Julian the Apostate tried to present themselves as advocates of the humiles by insisting on trustworthy mintings of the bronze currency.
Paragraph Title: Monetary reforms
Source Page: Constantine the Great

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