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It was significant because it changed how people were represented, meaning that more people got suffrage rights and "rotten burroughs" were removed to prevent extremely rich people from places where there's not many people to have high electoral power. The idea that only house owners can vote was changed to anyone who lives in the UK.
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Having a growth mindset (the belief that you are in control of your own ability, and can learn and improve) is the key to success. Yes, hard work, effort, and persistence are all important, but not as important as having that underlying belief that you are in control of your own destiny