The reason why the indulgences paid to the Catholic Church sparked the Protestant Reformation was that many religious scholars felt that indulgences went against the Words of the Bible.
<h3>How did indulgences lead to the Protestant Reformation?</h3>
Indulgences annoyed several Christian scholars such as Martin Luther who argued that paying for sins to be forgiven was against the word of the Gospel.
As a result, new denominations in Christianity broke out and this led to the period known as the Protestant Reformation.
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Christians believe that there is a heaven and hell as well as reincarnation and their purpose in life is to obey what God's bible says
I think the answer is increase an increase in demand for the stocks of similar companies. If all similar stocks would increase, the effect would also increase the stock price of a company. This is could be in consideration of sudden changes of factors in the market that gave basis for price increases. This might have created a standard of near prices for similar stocks.
