Question

Explain liberalism in politics and economic field prevailing in Europe in the 19th century.

Answer 1

      By the 1848 Revolution of the Liberals, we mean, the revolution led by the educated middle classes of Europe. Events of February 1848, in France brought about the abdication of the monarchy and a republic based on universal male franchise was formed. The social and economic ideas supported by the liberals are (i) Politically,  it  emphasised  the  concept  of government by consent, abolition of autocracy and special privileges. (ii) Socially, the liberals supported the abolition of discrimination based on birth. (iii) Economically, it stood for the abolition of  trade restrictions imposed by the state.

Answer 2

Politics: it stood for freedom of the individual and equality of all before the laws. it was based on the concept of government by consent.
Economic: it stood for freedom of the markets and abolition of the state imposed restrictions on the movements of goods and services.