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What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?
- a)Formation of the Customs Union
- b)Formation of traditional institutions
- c)Abolition of feudalism
- d)State power
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What led to the abolishing of the tariff barriers in the German-speaki...
During the early nineteenth century, Europe were closely allied to the ideology of liberalism. In reference to economy this liberalism denotes freedom of market, less restrictions of state on the movement of goods and capitals. To get rid of these economic problems that was the main demand of the new emerged middle class.
Existence of countless small principalities, different currencies, number of customs barriers created obstacles to economic exchange and growth for the new commercial classes. To sort out that problem Prussia including with most of the German states formed a customs union or Zollverein in 1834.
Existence of countless small principalities, different currencies, number of customs barriers created obstacles to economic exchange and growth for the new commercial classes. To sort out that problem Prussia including with most of the German states formed a customs union or Zollverein in 1834.
The Zollverein abolished tariff barriers, reduced number of currencies, create network of railways for fast and heavy mobility. So a single solution for all these economic problems was known by the name of Zollverein.
Most Upvoted Answer
What led to the abolishing of the tariff barriers in the German-speaki...
The correct answer is option 'A', the formation of the Customs Union.
Formation of the Customs Union:
- The German Customs Union, also known as the Zollverein, was formed in 1834. It was an economic alliance among the German-speaking regions of Europe, aimed at eliminating tariff barriers and promoting economic integration.
- The Customs Union was a significant step towards the unification of Germany, as it brought together various German states into a single economic entity. It played a crucial role in the economic development and integration of these regions.
- The Customs Union abolished internal tariff barriers and introduced a common external tariff, which meant that goods could move freely within the union without being subject to customs duties or restrictions.
- This led to a significant reduction in trade barriers, promoting economic cooperation and integration among the member states.
- The formation of the Customs Union also resulted in the standardization of trade practices and regulations, making it easier for businesses to operate across different regions.
- Moreover, the Customs Union facilitated the development of a common market, as it allowed for the free movement of goods, capital, and labor within the member states.
- By reducing trade barriers and promoting economic integration, the Customs Union contributed to the growth of industries and trade, leading to increased prosperity in the German-speaking regions of Europe.
- The Customs Union also played a crucial role in the establishment of a common currency. In 1871, the German Empire was formed, and the Customs Union became the basis for the introduction of the German mark as the unified currency of the empire.
- The reduction of currencies and the adoption of a common currency further enhanced economic integration and facilitated trade and investment within the German Empire.
Therefore, the formation of the Customs Union was a crucial factor that led to the abolishing of tariff barriers in the German-speaking regions of Europe and the reduction of currencies.
Formation of the Customs Union:
- The German Customs Union, also known as the Zollverein, was formed in 1834. It was an economic alliance among the German-speaking regions of Europe, aimed at eliminating tariff barriers and promoting economic integration.
- The Customs Union was a significant step towards the unification of Germany, as it brought together various German states into a single economic entity. It played a crucial role in the economic development and integration of these regions.
- The Customs Union abolished internal tariff barriers and introduced a common external tariff, which meant that goods could move freely within the union without being subject to customs duties or restrictions.
- This led to a significant reduction in trade barriers, promoting economic cooperation and integration among the member states.
- The formation of the Customs Union also resulted in the standardization of trade practices and regulations, making it easier for businesses to operate across different regions.
- Moreover, the Customs Union facilitated the development of a common market, as it allowed for the free movement of goods, capital, and labor within the member states.
- By reducing trade barriers and promoting economic integration, the Customs Union contributed to the growth of industries and trade, leading to increased prosperity in the German-speaking regions of Europe.
- The Customs Union also played a crucial role in the establishment of a common currency. In 1871, the German Empire was formed, and the Customs Union became the basis for the introduction of the German mark as the unified currency of the empire.
- The reduction of currencies and the adoption of a common currency further enhanced economic integration and facilitated trade and investment within the German Empire.
Therefore, the formation of the Customs Union was a crucial factor that led to the abolishing of tariff barriers in the German-speaking regions of Europe and the reduction of currencies.
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What led to the abolishing of the tariff barriers in the German-speaki...
During the early nineteenth century, Europe were closely allied to the ideology of liberalism. In reference to economy this liberalism denotes freedom of market, less restrictions of state on the movement of goods and capitals. To get rid of these economic problems that was the main demand of the new emerged middle class.
Existence of countless small principalities, different currencies, number of customs barriers created obstacles to economic exchange and growth for the new commercial classes. To sort out that problem Prussia including with most of the German states formed a customs union or Zollverein in 1834.
Existence of countless small principalities, different currencies, number of customs barriers created obstacles to economic exchange and growth for the new commercial classes. To sort out that problem Prussia including with most of the German states formed a customs union or Zollverein in 1834.
The Zollverein abolished tariff barriers, reduced number of currencies, create network of railways for fast and heavy mobility. So a single solution for all these economic problems was known by the name of Zollverein.
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What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer?
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What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer?.
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What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of What led to the abolishing of the tariff barriers in the German-speaking regions of Europe and the reduction of currencies?a)Formation of the Customs Unionb)Formation of traditional institutionsc)Abolition of feudalismd)State powerCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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