The term refers to the official end of serfdom, a system in which peasants were legally bound to work on land owned by nobles. Serfdom's abolition marked the liberation of peasants from this oppressive system.
Related terms
Industrialization: The process of developing industries and transforming an agrarian society into one based on manufacturing and economic growth.
Capitalism: An economic system where private individuals or businesses own and control resources, production, and distribution for profit.
Social Mobility: The ability of individuals or groups to move upward or downward in social status based on factors such as wealth, education, or occupation.