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Unit 2 . 02 POLITICAL AND ECONOMIC LIBERALISM, image, image, image, image…
Unit 2 . 02 POLITICAL AND ECONOMIC LIBERALISM
1 Criticism of the old regime
Political theories developed and reforms individual rights and moderate the power of kings
Enlightened thinkers formulated more radical criticisms that led to liberalism.
The liberals depended on the Old Regime.
Diferents aspects that the liberals critised
The legal inequality of the estate system
The survival of a feudal economy
The power of absolute monarchs and the Church
The survival of manorialism in the fiefdoms of the nobility and the Church
Serfs and subjects
Serfs were required to serve a lord.
Subjects were all the inhabitants of a kingdom, regardless of their class
Mercatilism and Physlocracy
Mercantilism supported the idea that the more precious metals a kingdom owned
Physiocracy stated that agriculture should be the main source of wealth.
2 Ideas of political liberalism
The Old Regime was critise and the consequence were
political liberalism was formed
Equality of people before the law.
all the people should be equal
The existence of unalienable individual right
Implied the establishment of freedoms regarding issues
Press
Printing
Education
Assembly
The division of power
There was a separation between the Church and the state
Sovereignty resides in a nation
They proposed a representative political power
The moderate liberals were monarchists and therefore wanted to keep the king
3 Ideas of economic liberalism
Enlightened ideas influenced the field of economy
Adam Smith
Defended the freedom
free market and own private property
The state should not intervene as the law of supply and demand
Estrictions imposed by privileges
Mercantilism and physiocracy
Could not be sold
Price controls and commercial regulations
