Question

What kind of economic and political changes accompanied protestant revolution?

Answer 1

Answer:

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.

Answer 2

Explanation:

The massive shift in political power and resources after 1517 should have had broader consequences for the allocation of resources across the economy: We expect a reduction in labour demand in the religious sector of the economy, and increased demand in the secular sector – particularly from enriched secular lords.