How did the protestant reformation affect England economics?

Answer 1

The Protestant Reformation has a profound effect on England; socially, politically and economically. The economic effects of the Protestant Reformation in England were derived primarily from two great changes that occured in England during the Reformation.

For cententies preceeding the Reformation, the Catholic Church would raise money by selling indulgences and imposing tributes on all the nations of Catholic Christendom. This would result in much of the money and gold of Europe leaving non-Papal states and concentrating in Italy; impoverishing European states in the process. With the seperation of the Church of England from the Roman Catholic Church, Rome was unable to tax/levy England for money to finance its operations on the European continent. This resulted in money and gold being retained in England, much to the benefit of English merchants and other men of commerce; helping to expand and grow the English economy.

Secondly, with seperation came the transfer of control of much of English territory from the Catholic Church to the English monarchy. England, much like all of Western Europe, was still largely physiocratic and agrarian; most wealth was derived from the control and use of land. Prior to the Reformation, much of England's land was under the control of Rome; preventing the English from using it to improve their own wealth and prosperity. However, with the Reformation, most of this land was transferred to the English monarchy, allowing for the English to use English land for English interests.

These two effects of the Reformation, in conjunction with many others, profoundly affected English economics.

Answer 2

it helped the modern religious beliefs in christainity