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What attempts did Andronikos II make to manage the Empire's decreasing finances?
He devalued the Byzantine currency
He raised taxes
He sold Imperial lands
He borrowed heavily from foreign powers
Answer
In an attempt to address the dwindling financial resources of the Byzantine Empire, Andronikos II resorted to devaluing the Byzantine currency. This devaluation aimed to increase the money supply and potentially stimulate economic activity. However, this measure had significant consequences, leading to inflation and a further decline in the purchasing power of the Byzantine people.
Unraveling the Legacy of Andronikos II Palaiologos: An Emperor's Journey
More Questions
Who was Andronikos II's grandson that he battled against in the civil war?
For how many years did Andronikos II's reign last?
Who did Andronikos II disinherit from succession to throne that led to the civil war?
In the First Palaiologan Civil War, who took Andronikos II's side?
What was the main cause behind Byzantium's decline during Andronikos II's reign?
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