What were some of the effects on the European society of the economic revolution that took place in the 16 and 17 century?

The economic revolution of the 16th and 17th centuries significantly transformed European society by fostering the rise of capitalism and increasing trade, particularly through the establishment of global trade networks. This shift led to the growth of a wealthy merchant class, challenging traditional feudal hierarchies and contributing to urbanization as people moved to cities for new economic opportunities. Additionally, changes in agriculture and increased production methods improved food supply, which supported population growth and further stimulated economic activity. Overall, these developments laid the groundwork for the modern economic landscape and altered social structures across Europe.