Question

How did a wave of economic nationalism strengthen the wider nationalist sentiment growing in europe. Explain

Answer 1

The following points may help you:

a. The concept of liberal nationalism is very broad and comprehensive.

b. The ideology became popular in the early 19th century.The term ‘liberalism’ is derived from the Latin word liber, meaning free.

c. The ideology in the economic sphere, stood for the freedom of markets and the abolition of state-imposed restrictions on the movement of goods and capital.

d. Economically, The ideology propagated natural right to Property .

e. Liberals argued for the unified economic territory comprising of common currency, unrestricted mobility of people, goods and services.

f. It was the educated liberal middle classes in Germany and in other European countries who were inspired by the ideology of liberalism and called for such a change.

Steps taken to achieve economic liberalism:

i. One can give example of 1834 , Custom union Zollverein that was formed with German states as its members that abolished trade barriers.It reduced the number of currencies from thirty-two to just two.

ii. Zollverein sought to introduce uniformity in order to remove obstacles to economic growth in the region and brought about greater integration of economies. It aimed to bind the German people economically as a nation by removing the economic barriers to their interaction

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Answer 2

The movement of liberalism started with the goal to achieve freedom of markets and to abolish restrictions imposed on the movement of goods and capital. ... This problem created a wave of Economic Nationalism