[tex]\sf\huge\underline\green{Liberalism:-}[/tex]
- Liberalism stood for a representative Government through Parliament, and the Constitution.
- Liberalism wanted to abolish the state-imposed restrictions on the movement of capital and goods.
- Equality of law before the law, freedom for the individuals was the meaning of liberalism for the new middle class.
- For the new middle classes, liberalism stood for freedom for the individuals and equality of all before the law.
[tex]\sf\large\underline\purple{Background \:of \:Liberalism:-}[/tex]
- Liberalism appeared in the Age of Enlightenment as a separate political movement and spread among western economists and philosophers.
- It challenged the existing practice of hereditary privilege, absolute monarchy, state creed, and the Divine Right of Kings.
- It rejected the classic conservatism and orthodoxy, with the rule of law and representative democracy.
- In addition, liberals end royal monopolies, mercantilist policies and other trade barriers. Instead, it advocated free trade, globalisation and marketisation.
- People trace back the origin of liberalism to a 17th-century English political theorist and philosopher, John Locke.
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