Ideas on the appropriate limits of the monarch's power changed in the 17th century to a small extent.
<h3>What were ideas of a monarch's power in the 17th century?</h3>
In the 17th century, Europe had very powerful monarchs who basically ruled by decree. They limits to their power was debated but not much was done to limit it.
This wasn't the case in England however because the powers of a monarch was limited thanks to a Civil War and then the Glorious Revolution. The limits can therefore be said to have changed to a small extent.
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Answer:
The most important appears to be the number of years of home ownership; at the 50th percentile, it accounts for roughly 28% of the observed racial wealth gap. The next most important factor is household income (explaining 17% of the gap).
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