The Magna Carta, signed in 1215, holds historical significance for modern democracy as it established the principle that everyone, including the king, is subject to the law. This landmark document represented a shift from absolute monarchy toward constitutional governance, highlighting the importance of individual rights and due process. Its influence can be seen in later constitutional developments, including the U.S. Constitution and Bill of Rights, which enshrine similar principles of justice, fairness, and checks on government power. The Magna Carta has become a symbol of the fight for freedom and the rule of law throughout history.