Question
What do you understand by ‘Economic liberalism’?
✓
Answer
- In the economic sphere, liberalism stood for the freedom of markets and the abolition of state imposed restrictions on the movements of goods and capital.
- In German-speaking regions during Napolean’s rule, there were 39 states, each of it possessed its own currency and weights and measures.
- A merchant travelling from Hamburg to Nuremberg to sell his goods had to pass through 11 customs barriers and pay a customs duty of about 5 percent at each one of them.
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| Total in | 100% | ||
| Percentage |
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