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Social Science: Livelihoods, Economies and Societies - Age of Industrialization - Industrialization in the Colonies

“The decade of 1830 had bought great economic hardship in Europe”. Support the statement with arguments.

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Solution

The decade of 1830–40 had brought great economic hardship in Europe because

  • There was large-scale unemployment in Europe. In most 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.
Concept: Age of Industrialization - Industrialization in the Colonies
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