Part 1 of Essay
Norman Davies describes liberalism as "being developed along two parallel tracks, the political and the economic. Political liberalism focused on the essential concept of government by consent. In its most thoroughgoing form it embraced republicanism, though most liberals favored a popular, limited, and fair-minded monarch ....

Part 2 of Essay
.... a very strong idea in the minds of many liberals. Davies concludes, "nineteenth-century liberals also gave great weight to property, which they saw as the principal source of responsible judgement and solid citizenship." (A History of Europe, p.802) However, property soon became defined as a natural right. Davies expresses, "economic liberalism focused on the concept of free trade, and on the associated doctrine of laissez-faire, which opposed the habit of governments to regulate economic life through protectionis ....