Explain the concept of economic liberalism which develop in europe in the 18th century?
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Europe depicted by Antwerp cartographer Abraham Ortelius in 1595
The history of Europe covers the peoples inhabiting Europe from prehistory to the present. During the Neolithic era and the time of the Indo-European migrations Europe saw human inflows from east and southeast and subsequent important cultural and material exchange. The period known as classical antiquity began with the emergence of the city-states of ancient Greece. Later, the Roman Empire came to dominate the Mediterranean Basin and Northwest Europe. The fall of the Roman Empire in AD 476 traditionally marks the start of the Middle Ages. Beginning in the 14th century a Renaissance of knowledge challenged traditional doctrines in science and theology. Simultaneously, the Protestant Reformationset up Protestant churches primarily in Germany, Scandinavia and England. After 1800, the Industrial Revolution brought prosperity to Britain and Western Europe. The main powers set up colonies in most of the Americas and Africa, and parts of Asia. In the 20th century, World War I and World War IIresulted in massive numbers of deaths. The Cold War dominated European geo-politics from 1947 to 1989.
Europe depicted by Antwerp cartographer Abraham Ortelius in 1595
The history of Europe covers the peoples inhabiting Europe from prehistory to the present. During the Neolithic era and the time of the Indo-European migrations Europe saw human inflows from east and southeast and subsequent important cultural and material exchange. The period known as classical antiquity began with the emergence of the city-states of ancient Greece. Later, the Roman Empire came to dominate the Mediterranean Basin and Northwest Europe. The fall of the Roman Empire in AD 476 traditionally marks the start of the Middle Ages. Beginning in the 14th century a Renaissance of knowledge challenged traditional doctrines in science and theology. Simultaneously, the Protestant Reformationset up Protestant churches primarily in Germany, Scandinavia and England. After 1800, the Industrial Revolution brought prosperity to Britain and Western Europe. The main powers set up colonies in most of the Americas and Africa, and parts of Asia. In the 20th century, World War I and World War IIresulted in massive numbers of deaths. The Cold War dominated European geo-politics from 1947 to 1989.
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Answer:
a. In the economic sphere, liberalism stood for the freedom of markets
and the abolition of state-imposed restriction on the movement of goods
and capital.
b. The idea of liberalism also favoured abolition of multiple currency
system
c. The system also supported common weight and measurement system
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