Glorious Revolution (thing)
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The 'Glorious Revolution' (1688)
For [England], the significance of this short struggle was two-fold. First, the right of parliamentary [approbation] was granted to the [gentry] and the city by the  [Declaration of Rights] (approval of taxation, freedom of speech, no standing army). To secure the personal liberty and property of the citizens, [John Locke] provided the theoretical justification for the division of the powers of the state into the legislative and executive branches in his [Two Treatises of Government] (). The second significant outcome for England was its rise to the position of leading commercial and financial power of the world - the [Bank of England] being established in .
Europe watched as the [constitutional monarchy] began to replace [absolutism] as a form of government. French [hegemonic] policies countered with the principle of the [balance of power] - resulting in war between France and England (-).
The world over, rivalry on the seas was decided in favour of England (in [Personal Union] with [Holland] until ). Anglo-French [dualism] in colonial affairs also developed worldwide.