Question

Answer all the questions given under the caption.

Socio-economic consequences

1. Who was pauperized and who became wealthy?
2. What were the conditions of the Labourers?
3. What was the new ideology born at this time in Europe?
4. What was advocated by Karl Marx?

Answer 1

1. While the peasants were pauperized and the working class suffered, the middle class became wealthy by investing capital in trade and industry.
2. Labourers were not permitted to form trade unions. The governments were influenced by the middle class. All legislations safeguarded their interests.
3. It was under these circumstances that socialism as a new ideology was born in Europe.
4. Karl Marx advocated scientific socialism for the protection of the working class from the exploitative policies of the capitalist class.