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The Glorious Revolution is considered by some as one of the most important events in the long evolution of powers possessed by the Parliament and the Crown of England. With the passage of the Bill of Rights, any possibility for a Catholic monarchy and any movement towards absolute monarchy in the British Isles were erradicated by limiting the powers of the monarch. The powers of the King were strongly restricted; He could no longer suspend laws, create taxes, or maintain a standing army during peacetime without Parliament's permission. Since 1689, England, and later the United Kingdom, has been governed under a system of parliamentary monarchy, and it has been uninterrupted. Since then, Parliament has gained more and more power, and the Crown has progressively lost it.
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Harrison's presidency saw the addition of six new states, more than any other president.
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China often prevented outside contact to preserve its culture.
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According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.
The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).
In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.
