Please enable JavaScript.
Coggle requires JavaScript to display documents.
2.Political and economic Liberalism, image, image, image, image, image,…
2.Political and economic Liberalism
Criticism of the New Regime
Montesquieu, Voltaire and Rousseau formulated more radical criticisms that led to liberalism.
The liberals developed a radical opposition to the Old Regime
The liberals criticised different aspects
The survival of a feudal economy
The power of absolute monarchs and the Church
The legal inequality of the estate system
The survival of manorialism in the fiefdoms of the nobility and the Church
Serfs and subjects
Serfs
Serfs were required to serve a lord
Subjects
Subjects were all the inhabitants of a kingdom, regardless of their class
Mercantilism and Physiocracy
Mercantilism
Mercantilism supported the idea that the more precious metals a kingdom owned, the more powerful it was
Physiocracy
Physiocracy stated that agriculture should be the main source of wealth
Ideas of political Liberalism
The Old Regime was heavily criticised, so a group of ideas formed around political liberalism
The existence of unalienable individual rights
The division of powers
Equality of people before the law
Sovereignty resides in the nation
Moderate and radical liberals
The moderate liberals were monarchists and therefore wanted to keep the king and official religion
Their believed their power should be subject to the law
Radical liberals were democrats, and advocated universal suffrage
Broad freedoms and the suppression of the role of religion in any area of public civil life should be guaranteed
Ideas of economic Liberalism
Enlightened ideas influenced the field of economics
The British economist Adam Smith developed a theory called economic liberalism
It defended the freedom of the individual to produce and buy...
Within a free market
Own private property
His main work was The Wealth of Nations
Liberals believed that the role of public power should be reduced to mediating in economic relationships
The law of supply and demand in a free market would determine the economy
