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Explain why the decade of 1830 …

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Explain why the decade of 1830 is known as the great economic hardship in Europe give reasons

Posted by Harjot Kaur Kaur 1 year, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Mini Sharma 1 year, 10 months ago

The decade of 1830 is known as economic hardship in Europe because: i. 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. ii. 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. iii. Small producers in towns were often faced with stiff competition from imports of cheap machine-made goods from England where industrialisation was more advanced, especially in textile production.

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