What was the effect of Zollverein's currency reform on trade?
Answer and explanation
Correct answer: Exchange became simpler because the number of currencies was reduced
The governing concept is standardisation in an integrated market. Before Zollverein, different currencies and complicated exchange arrangements made transactions slower and less convenient. By reducing the number of currencies and simplifying payments, the reform lowered obstacles to buying and selling across German states. Hence A is correct. B, C and D describe the opposite of monetary simplification and have no historical basis here.
Frequently asked questions
What is the correct answer to this question?
Exchange became simpler because the number of currencies was reduced
Why is this the correct answer?
The governing concept is standardisation in an integrated market. Before Zollverein, different currencies and complicated exchange arrangements made transactions slower and less convenient. By reducing the number of currencies and simplifying payments, the reform lowered obstacles to buying and selling across German states. Hence A is correct. B, C and D describe the opposite of monetary simplification and have no historical basis here.
Which subject and chapter does this question cover?
This is a Class 10 Social Science question. Chapter: The Age of Industrialisation. Topic: The Making of Nationalism in Europe (Aristocracy, New Middle Class, Liberal Nationalism).
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