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.(All India - 2014)

Answer 1

Explanation:

Economic conditions that were viewed as obstacles in nineteenth-century Europe:

1. Napoleon’s administration had created different currency, weights, and measure for each of the 39 states in the confederation.

2. There were 11 custom barriers and 5% customs duty at each for carrying goods from one place to another.

3. Conversion of weights and measures for each region created time-consuming calculations and complications

Answer 2

Explanation:

The absence of freedom of markets. (ii) State-imposed restriction on movement of goods and capital. (iii) Time-consuming calculations resulting from a difference in currency, weight, and measurement. (iv) The first half of the 19th century had low explosive population growth