The Influence of Magna Carter Magna Carter, also called Magna Cater Libertatum, meaning ‘The Great Charter of the Liberties’ in Latin, is one of the most famous documents in the world, establishing for the first time that everybody, including the king, was subjected to the law. The publication of Magna Carter rocked the world in various ways. The rest of the passage is to analyze the influence of Magna Carter. Influence on economics rights: Magna Carter is highly economic in intent. The significance of Magna Carter partly lies in the reestablishment and protection of economics rights with its principles that people and their properties will be treated equally on a consistent legal basis and people are free to conduct business which are ground breaking at that time and fundamental on the account of world’s economic development. At the time when Magna Carter was published, the Law gave people back their property rights which were stolen by the King, the most famous event being William Marshall’s properties were cemented and later extend of the Forest Charter. This protection stabilized the development of real estate industry and enabled people to collect properties, which reinforced the economic growth and create a more stable environment or the economy. What’s more, before the Magna Carter was published and applied into law, people’s freedom of conducting business was highly restrained, which in turn stop English economy from thriving. The liberation of people’s economics rights made it possible for the free-trade market to grow and enabled the English economy to be more market-based. As the passage mentioned that the influence of Magna Carter is not static but dynamic in the long journey of forming the capitalism in modern society. The significance of Magna Carter is not just because its profound relevance for 800 years is a great achievement on the respects of economics rights but because we are now living through a period where modern technology is thriving and changing everyday and principles of Magna Carter(even though many of the principles now became history) combine together, making people to rethink their economics rights and revalue the economics theories that have been applying hundreds of years. For the first time, technology is enabling individuals to amass and access objective measures of reputational trust that are widely accessible to other individuals rather than simply to institutions. There is every reason to think this shift will be fundamental. Although there certainly were some negative effects cause by Magna Carter. With its fundamental influence on world’s economy throughout history and future, there are more reasons for us to believe that the Magna Carter brought and will bring more economics benefits and rewards to the world. Influence on Politics: The charter became part of English political life and was typically renewed by each monarch in turn, although as time went by and the fledgling English Parliament passed new laws, it lost some of its practical significance. At the end of the 16th century there was an upsurge in interest in Magna Carta. Lawyers and historians at the time believed that there was an ancient English constitution, going back to the days of the Anglo-Saxons, that protected individual English freedoms. They argued that the Norman invasion of 1066 had overthrown these rights, and that Magna Carta had been a popular attempt to restore them, making the charter an essential foundation for the contemporary powers of Parliament and legal principles such as habeas corpus. Although this historical account was badly flawed, jurists such as Sir Edward Coke used Magna Carta extensively in the early 17th century, arguing against the divine right of kings propounded by the Stuart monarchs. Both James I and his son Charles I attempted to suppress the discussion of Magna Carta, until the issue was curtailed by the English Civil War of the 1640s and the execution of Charles. Influence on Individual rights: Magna Carta made great effort on the development of individual rights in England. It confined the power of the king, gave certain rights to the church and the aristocrats. For the first time, Magna Carta provided individuals like civilians with their own rights. It was from then on that the individual in England learned their self-existed according to the laws. All free men have their basic legal rights, and these rights are granted and protected by Magna Carta. Besides the economic rights mentioned above, many other rights are also admitted. Here are several principles of Magna Carta: A widow could not be forced to marry and give up her property a major first step in women's rights. A punishment should be fitting and not excessive to the crime, which is a reflection of humanism. There is no taxation without representation, which shows that those who govern must be consented by the people. A trial must be conducted with jury, which guarantees the justice of the trial. All these principles contribute to the protection of individual rights.
Magna Carta established the basic principles of human rights and the basic spirit of abuse of power against the king. It required the restoration of human right and to develop a constitution to guarantee these rights. It can be considered as a landmark declaration of individual rights. And it has a far-reaching influence on the world. To sum up, not being able to be measured by any respects, the influence of Magna Carter is enduring and everlasting. It was the milestone in the human history, the foundation of various human institutions, laws and social ideology, and will be the force that leads humankind to brand new prosperity.

This essay is written by the group of three, the group members are: Joey 2014300340060 Frank 2014300340083 Bobby 2014300340060