Social and Economic Reforms
The Social and Economic Reforms did many things. Some things they did were, abolishing all of the privileges the nobility had, announcing an end to feudalism, calling for taxes to be levied according to ones ability to pay, abolishing guilds ad labor unions, and compensating nobles for lands seized by peasants.
For additional info about the nobility and their privileges, click here!
If you want to learn what feudalism is, check this website out!