Protestant revolution' ? What kind of economic andpolitical changes accompanied it ?
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The Protestant Reformation was a religious, social, economic, and political revolution that was sparked when a Catholic monk named Martin Luther nailed his 95 Theses to the door of his local church. Luther believed the Catholic Church was corrupt, and he sought to reform it.
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Protestant reformers aimed to elevate the role of religion, we find that the Reformation produced rapid economic secularization.
The interaction between religious competition and political economy explains the shift in investments in human and fixed capital away from the religious sector.
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