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

(a) The absence of freedom of markets.

(b) State imposed restrictions on movement of goods and capital.

(c) Time consuming calculations resulting from difference in currency, weight and measurement.

(d) The first half of the 19‘h century had low explosive population growth.

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

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

Answer 2

Here are the points.

1) The first and foremost is the freedom of markets.
2) The trade barriers that posed a obstacle for free flow of trade and capital.
3) Instability of measurements, weights and currency.
4) Collection of taxes in different currency at every region
5) Time consuming calculation were duties were collected.