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Why was the magna carta not important?

Carta magna
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Why was the magna carta not important?

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The Magna Carta is generally held to be important because it guaranteed the nobility some rights that had previously been unique to the king. This was the beginning of the distribution of power to others than the ruler, and is believed to have been the first step towards representative democracy, as each of the nobles was responsible for conditons in the lands which he or she owned.

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