Sentence:  To free the factors of production was a major objective of the rising bourgeoisie , and this objective required that governmental authority - administrative officials and judges - be limited as precisely and explicitly as possible ; that old customs which inhibited trade be abrogated ; that business be free from governmental supervision and notions of morality which might clog the automatic adjustments of the free market ; that obligations of <WSD>status</WSD> that were inconsistent with the new politics and the new economics be done away with . 
Meaning of the word marked with <WSD> tags:  the relative position or standing of things or especially persons in a society