Complete the passage about political and economic theories developed during the industrial revolution

Liberalism influenced Europe in the 1800s and liberals believed in individual liberty and accepted ideas of the Enlightenment and reforms of the French Revolution. They believed in freedom of conscience, freedom of thought and speech, freedom to pursue your own economic interests through free trade and competition. Liberalism is the belief of a representative, constitutional government but did not support democracy. Liberals believed that only men with property should be allowed to participate in politics. The Laissez-Faire is economic theories of Adam Smith. Then they began to accept utilitarianism, where institutions and laws should be judged by usefulness. It was started by Philosopher Jeremy Bentham who also believed that majority rules and that the government should have people vote against or for the laws  trying to be posted and whatever laws failed to have the majority of people agree with should be abandoned for the good of the people. People who believed in utilitarianism also believed that the government should stay out of people’s lives as much as possible, but to promote education. They believed the government should have limited powers. 

The second option is correct according to edgenuity