what is the meaning liberalism ? what did mean in economic sphere, politics and in the lives of new middle class ?

 

Please find below the solution to the asked query.

 

This term liberalism came from Latin root liber which means free.

politically and economically There were different meaning of liberalism .

 

Politically ,it emphasized the concept of government by the consent of people.Since the French revolution liberalism has stood for the end of clerical privileges.

 

In economic sphere liberalism stood for the freedom of markets and the end of state imposed restriction on the movement of goods and capital.

 

for the new middle class liberalism stood for freedom for the individual and equality of all before the law.