What did Liberal Nationalism stand for? Explain any four ideas of Liberal Nationalists in the economic sphere. (2011 OD)
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What did Liberal Nationalism stand for? Explain any four ideas of Liberal Nationalists in the economic sphere. (2011 OD)
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Answer:
Explanation:
Liberalism or Liberal Nationalism stood for freedom for the individual and equality of all before the law.
Four ideas of Liberal Nationalists in the economic sphere are:
Liberalism stood for freedom of markets and abolition of state imposed restriction. For example, Napoleon’s administration was a confederation of 29 states, each of these possessed its own currencies, weight and measures. Such conditions were viewed as obstacles to economic exchange.
Liberal Nationalists argued for the creation of a unified economic territory allowing the unhindered movement of goods, people and capital.
In 1834, a customs union or “zollverein” was formed. The anion abolished tariff barriers and reduced the number of currencies from 30 to 2.
The creation of a network of railways further stimulated mobility, harnessing economic interest to national unification.