Question

Explain the conditions that were viewed as obstacles to the economic exchange and growth by the new commercial classes during the nineteenth century in Europe ?

Answer 1

(i) The absence of freedom of markets.

(ii) State-imposed restriction on movement of goods and capital.

(iii) Time-consuming calculations resulting from a difference in currency, weight, and measurement.
(iv) The first half of the 19th century had low explosive population growth.

(v) Job-seekers were more and employment opportunities were less.

(vi) Small producers faced stiff competition from import of cheap machine-made goods.

(vii) Peasants struggled under the burden of feudal dues.