Latest UpdatesHistoryWhy was the decade of 1830s known as great economic hardship in...

Why was the decade of 1830s known as great economic hardship in Europe

The decade of 1830s brought in a large-scale of unemployment in Europe.

Most of European countries witnessed employment opportunities going low in number, whereas job seekers were many.

Cities were extremely overcrowded.

As a result, slums emerged as more people migrated from the rural areas to the urban areas.

Small producers in towns faced stiff competition from the imports of cheap machine-made goods from England where industrialisation was more advanced, especially in textile production

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