CBSE Class 10 Answered

Following are the three important reasons, why the decade of 1830s is known as ‘great economic hardship’ in Europe:

1. 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.
2. 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.
3. 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