Choose the given statement is true/false:

The 1830s was a period of great economic hardships for Europeans.

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Detailed Solution

The given statement is true.
The 1830s were a period of severe economic hardship for Europeans. Europe experienced enormous changes during the first half of the nineteenth century as its population grew. In Europe, there was widespread unemployment. Food prices increased, creating an inflationary situation. Domestic producers faced stiff competition from imports from industrialised Britain, particularly in textile production, which was mostly done in homes or small workshops and was only partially mechanised. Feudal obligations and dues were imposed on peasants. People from rural areas have been seen migrating to other areas in search of work, only to end up living in overcrowded slums. Food price increases due to a poor harvest contributed to widespread poverty in cities and rural areas.

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