Choose the given statement is true/false:

The abundance of markets affected the lives of workers during the 19th century.

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Detailed Solution

The above statement is true.
The abundance of labour in the market had a variety of effects on the lives of British workers during the nineteenth century. The work available in most industries was seasonal. As a result, workers were out of work for an extended period. The majority of the workers had to wait weeks, or even months, for a job. They were forced to sleep under bridges or in night shelters. Wages had risen slightly in the early nineteenth century. When prices rose sharply during the long Napoleonic war, the real value of workers' wages fell significantly because the same wages could now buy fewer things.

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