The Glorious Revolution is interpreted less as a religious event than as a capital-protection pact in which Parliament becomes sovereign and William of Orange accepts figurehead monarchy.
Topic brief
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Parliament
The Beijing visit is only the front door.
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Topic Scope And Freshness
The Beijing visit is only the front door.
Key Notes
Jiang reads Locke-style rights as a property-protection doctrine: the state protects private property regardless of origin and treats it as God-given.
England attracts Dutch capital by installing William of Orange and creating the Bank of England, a private bank guaranteed by Parliament.
The Glorious Revolution officially establishes Parliament as Britain's ultimate sovereign authority over the king.
The Bank of England solves the credit crisis by turning loans from personal loans to kings into loans to the nation, making repayment survive the death or deposition of any monarch.
English religious factions are mapped onto class power: middle-class reformers support Protestant change, many nobles remain Catholic, and the king is treated as Catholic-sympathetic.
After the Glorious Revolution, Parliament limits the king by requiring that the monarch not be Catholic and by reserving power to replace rulers suspected of Catholic sympathies.
Jiang says parliamentary sovereignty solved the monarch-credit problem by turning loans to the crown into claims on the English nation state itself.
Timestamped Evidence
"in europe right before up until the world war one okay and so this creates anxiety in europe because if there's all this war..."
"...country. Okay. So in this agreement, what would happen is that Parliament becomes the sovereign state. Okay. It becomes the de facto power in..."
"...Okay. But, the Bank of England will always be guaranteed by Parliament."
"Because remember, both the Dutch Republic and England are Calvinists, okay? And the major secret society that facilitated trade, of course, were the Freemasons...."
"Okay? The entire purpose of parliament and the courts, okay, the judicial system, is to ensure that your private property is protected, no matter..."
"...is that it is a private bank that is guaranteed by Parliament. Okay, it doesn't make sense, guys. What this means is this. What..."
"...The third thing that is really important is the creation of Parliament, right? Because before, if you were a bank, you just let your..."
"...private corporation that's now able to lend to the people for Parliament. The people have actually no say in the matter. Oh, dear. Yeah...."
"Remember, the idea of the Puritans is they want to establish a religious centralized theocracy on England. But England has always been pretty independent..."
"...because it establishes for the first time officially the sovereignty of Parliament over the king. This is really important. Now it's official. Parliament is..."
"All right so the Glorious Revolution is one of the main contributing factors to the Industrial Revolution in Britain. This is also significant because..."
"...the king ever be able to raise funds ever again? So Parliament solves this problem. Because now if Parliament is the central authority, the..."
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