Question

Explain liberation in political and economic fields prevailing in Europe in the 19th century ​?

Answer 1

⇒ The term 'liberalism' is derived from the Latin root 'Liber', meaning free. it was an ideology that stood for freedom and the individual and equality of all before the law.

⇒ Politically, liberalism stood for a constitution, a representative government ruling by consent, a parliamentary system, ownership of private property and end of the privileges of aristocracy.

⇒ Economically, liberalism stood for freedom of markets, end of the state restrictions on movement of goods and capital, creation of unified economy territory allowing unhindered movement of goods, people and capital.