Question

”A wave of economic nationalism strengthened the wider nationalist sentiments growing in Europe.”
Which class brought about this change ? How did they bring about this change ? Explain with two reasons

Answer 1

 The change was brought about by the new middle class.

(a) They brought about the change in two ways :
(i) Formation of Zollverein
(ii) Tariff barriers were abolished.

(b) Reduced the number of currencies from over thirty to two.

(c) Creation of railways helped them in mobility and harnessing economic interests.

Answer 2

Answer:

The emerging middle class was responsible for the transformation. They did it in two ways: I by founding Zollverein; (ii) by reducing the number of currencies from over thirty to two; and (iii) by establishing railways, which aided in mobility and the exploitation of commercial interests.

Explanation:

• Economic nationalism boosted the spirit of nationalism in general. In the economic realm, market liberalism and the removal of government-imposed constraints on the flow of money and products were referred to as liberalisation.
• The newly growing middle classes had a high demand.

Due to perceptions that industry has favourable spillover effects on the rest of the economy and improves self-sufficiency, economic nationalism tends to encourage industrialization (and frequently supports companies with governmental backing).

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