The achievements were that it managed to raise its own army and create its own currency and government. The failures were that it didn't manage to become internationally recognized, and they eventually became bankrupt. Another thing was that there was a lot of internal strife and division.
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Answer:
The most straightforward theory for Western Rome's collapse pins the fall on a string of military losses sustained against outside forces. Rome had tangled with Germanic tribes for centuries, but by the 300s “barbarian” groups like the Goths had encroached beyond the Empire's borders.
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