A wave of economic nationalism strengthened the wider Nationalist sent...
The following points may help you:
a. The concept of liberal nationalism is very broad and comprehensive.
b. The ideology became popular in the early 19th century.The term ‘liberalism’ is derived from the Latin word liber, meaning free.
c. The ideology in the economic sphere, stood for the freedom of markets and the abolition of state-imposed restrictions on the movement of goods and capital.
d. Economically, The ideology propagated natural right to Property .
e. Liberals argued for the unified economic territory comprising of common currency, unrestricted mobility of people, goods and services.
f. It was the educated liberal middle classes in Germany and in other European countries who were inspired by the ideology of liberalism and called for such a change.
Steps taken to achieve economic liberalism:
i. One can give example of 1834 , Custom union Zollverein that was formed with German states as its members that abolished trade barriers.It reduced the number of currencies from thirty-two to just two.
ii. Zollverein sought to introduce uniformity in order to remove obstacles to economic growth in the region and brought about greater integration of economies. It aimed to bind the German people economically as a nation by removing the economic barriers to their interaction
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A wave of economic nationalism strengthened the wider Nationalist sent...
The Rise of Economic Nationalism in Europe
The rise of economic nationalism in Europe was brought about by a class of people who were dissatisfied with the existing economic and political systems. This class consisted of workers, farmers, and small business owners who felt that they were being left behind by globalization and free trade policies. They believed that their governments should prioritize domestic industries and protect them from foreign competition.
Reasons for the Rise of Economic Nationalism
1. Job Losses and Inequality
One of the main reasons why economic nationalism gained popularity in Europe was the perceived job losses and inequality caused by globalization. Workers in industries such as manufacturing and agriculture felt that they were losing their jobs to cheaper imports from countries with lower labor costs. This led to the rise of anti-globalization and protectionist sentiments among the working class.
2. National Identity and Protectionism
Another reason for the rise of economic nationalism in Europe was the desire to protect national identity and sovereignty. Many people believed that globalization and free trade were eroding their cultural and national identities. They also felt that foreign companies were taking over domestic markets and that their governments were not doing enough to protect domestic industries.
Conclusion
In conclusion, the rise of economic nationalism in Europe was brought about by a class of people who felt left behind by globalization and free trade policies. The reasons for this rise included job losses, inequality, and the desire to protect national identity and sovereignty. As a result, many countries in Europe have adopted protectionist policies and are prioritizing domestic industries over foreign competition.
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