Why was the decade of 1830s know as great economic hardship in europ? explain any three reasons.
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Explanation:
- During the 1830s, there was large-scale unemployment in Europe. In most of the European countries, employment opportunities were low in number, whereas job seekers were many.
- Cities had come to be extremely overcrowded. As a result, slums had started coming up as more people migrated from the rural areas to the urban areas.
- Small producers in towns were often faced with stiff competition from the imports of cheap machine-made goods from England where industrialisation was more advanced, especially in textile production.
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The three economic hardships faced by Europe in 1830s were:
a. High rise in population led to the unemployment condition and scarcity of jobs.
b. The small producers faced stiff competition due to the import of cheap machine goods from England.
c. Due to the burden of the feudal dues and taxes, there was bad harvest.
d. There was rise in the prices of food grains due to the bad harvest which made the condition of the common people miserable.
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