Peace, retrenchment, reform
Free trade
- Trade free of tariffs (taxes placed on imports) and quotas
- Fostering competitiveness and efficiency.
Laissez-Faire
- The State should intervene as little as possible in society or the economy
- Favoured a government with a very limited role,
- Low taxation
- Protection of non conformists’ interests.
Importance of Reform
- Promote education,
- Defend the rights and freedoms of the individual
- Pressurising the ruling classes to lessen the effects of privilege.
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