Question

Read the extracts and answer the following questions.
Economists began to think in terms of the national economy. They talked of how the nation could develop and what economic measures could help forge this nation together. Friedrich List, Professor of Economics at the University of Tübingen in Germany, wrote in 1834: ‘The aim of the zollverein is to bind the Germans economically into a nation. It will strengthen the nation materially as much by protecting its interests externally as by stimulating its internal productivity. It ought to awaken and raise national sentiment through a fusion of individual and provincial interests. The German people have realized that a free economic system is the only means to engender national feeling.’
a) What was the aim of Zollverein?
b) Who was Friedrich List?
i. Professor of Economics
ii. Professor of Political Science
iii. Sociologist
iv. Scientist
c)Mention the importance of free economic system?
d)What was the role of Economy in forging the nation together?

Answer 1

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1. In 1834, a customs union or Zollverein was formed at the initiative of Prussia. It was joined by most of the German States. The aim of Zollverein was to bind the Germans economically into a nation.
2. Friedrich List, in full Georg Friedrich List, (born August 6, 1789, Reutlingen, Württemberg, Germany—died Nov. 30, 1846, Kufstein, Austria), German-U.S. economist who believed tariffs on imported goods would stimulate domestic development.
3. It can help improve living standards and make society a better place. Economics is like science in that it can be used to improve living standards and also to make things worse.
4. Economists began to think in terms of the national economy. They talked of how the nation could develop and what economic measures could help forge this nation together. ... It aimed to bind the German people economically as a nation by removing the economic barriers to their interaction.

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