The significance of the Magna Carta for modern democracy lies in its establishment of the principle that everyone, including the king, is subject to the law. Signed in 1215 by King John of England under pressure from rebel barons, the Magna Carta introduced fundamental legal concepts such as due process, the right to a fair trial, and limitations on arbitrary power. It laid the groundwork for constitutional governance and the development of representative democracy. The Magna Carta has been revered as a symbol of liberty and justice, influencing democratic movements and legal systems across the world, reinforcing the idea of individual rights within the framework of law.