By: Taylor Bishop & Alexia Garvin
rather than tradition.
Laissez-Faire is an economic environment in which transactions between private parties are free from government restrictions, tariffs, & subsidies. This allowed business to operate with little or no government interference.
Adam Smith- he was a Scottish economist and philosopher. He supported laissez faire, but also believed that a government had a duty to protect society, administer justice, and provide public works. He's one of the key figures of the enlightenment and is best known for "the theory of moral sentiments" and "the inquiry into the nature and causes of the wealth of nations"
John Locke's ideas:
- Humans are naturally reasonable, moral, & good.
- Humans have natural rights: life liberty & property
- People form governments to protect natural rights
- Best government is one with limited power
Baron de Montesquieu: criticized absolute monarchy and admired British government.
Major enlightenment ideas:
- Every social, political, & economic problem can be solved through the use of reason.
- Governments are made to secure an orderly society
- Separation of powers is the best way to protect human liberties
- All men are created "free and equal"
- A free market should be able to regulate trade
- 1604 – Appointed King’s Counsel.
- 1607 – Named Solicitor General.
- 1608 – Appointed Clerk of the Star Chamber.
- 1613 – Appointed Attorney General.
- 1616 – Made a member of the Privy Council.
- 1617 – Appointed Lord Keeper of the Royal Seal (his father’s former office).
- 1618 – Made Lord Chancellor.