Answer:
Enhanced Trade: The Toleration Act helped to increase trade and commerce as it allowed Nonconformists (Protestants who did not conform to the Church of England's practices) to practice their religion openly. This led to more business partners and the expansion of commercial networks.
Facilitated New Settlements: Previously, many Nonconformists had emigrated from England to other countries to avoid persecution. However, the Toleration Act gave them greater freedom to live and work in England, which encouraged some to return and settle in new areas.
Stimulated Economic Progress: By permitting Nonconformists to practice their religion openly and engage in business ventures, the Toleration Act stimulated economic growth and development. It led to the emergence of new industries and businesses, as well as heightened competition in existing markets.
Enabled Expansion of Financial Services: The Toleration Act created opportunities for Nonconformists to invest and participate in financial services such as banking and insurance. As a result, they could access capital and expand their businesses.
Overall, the Toleration Act of 1689 brought significant economic changes to England. It facilitated trade, encouraged settlement, stimulated economic progress, and expanded financial services, which contributed to the country's prosperity and development during that era.