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Question

explain the obstacles of the economic growth of europe in the mid 18th century

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Solution

During the eighteenth century, the economic obstacles confronting Europe were as follows:
  • In the case of German-speaking regions, in the confederation of 39 states each of these possessed its own currency, weights and measures.
  • Duties were levied based on the weights or measurement of the goods.
  • This involved time-consuming calculations, as each region had its own system of weights and measures,
  • Such conditions presented obstacles to economic exchange and growth by the new commercial classes and they pressed for the creation of a unified economic territory, permitting the unconstrained movement of goods, people, and capital.
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