It was indeed a time of ‘great flux’, mostly in the laws of property.
The Protestant schism in England led almost immediately to the theft of immense amounts of land by the nobles and the King. It was one of the greatest transferals of wealth in history. All the great estates of England began at that time.
The schism was led by greed. Greed for power and for somebody else’s wealth.
Why does that matter? Do you think that the acquisition and maintainance of earthly wealth is what the Catholic Church should be concerned with? Theft is a strong word. Particularly as the Church attained much of that wealth in some decidedly dubuious dealings. I happen to live near one of the great Monasteries of medieval England. The holy brothers expanded their holdings with all the skill of modern day monopolists. Peasants were forcibly evicted so they could develop their profitable wool industry. They had castles and maintained armies to protect their "rights".
The schism was led by greed alright. A recognition of the greed of a corrupt institution that trampled over the people it was supposed to be in pastoral care of.