Why was the decade of 1830s known as great economic hardship in Europe? Explain any three reasons.
The following are three important reasons why the decade of 1830s is known as great
economic hardship in Europe:
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.