Classical liberalism was the most influential political ideology in the founding of the united states.
The political philosophy known as "classical liberalism" is a subset of liberalism that emphasizes limited government, free markets, and laissez-faire economics. It also supports the rule of law and civil liberties under the rule of law.
It was created in the early 19th century, expanding on concepts from the century before, as a reaction to urbanization and the Industrial Revolution in Europe and North America.
Contrary to other liberal schools of thought, such as social liberalism, classical liberalism favors deregulation and has a more pejorative view of social programs, taxes, and government meddling in people's lives. The term "economic liberalism" was used prior to the Great Depression and the emergence of social liberalism.
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