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Nineteenth-century England presents something of (i)_____________, at least to those who believe that (ii)_____________ best promotes business ethics. The defining characteristic of English company law at that time was its extreme degree of permissiveness: laissez-faire ruled in Parliament, caveat emptor in the courts, creating the ideal breeding ground for fraud and dishonesty. Yet these were the years when London became the financial center of the world and established its status as a (iii)_____________ place to do business.
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