Why was the Magma Carta an important step in the cause of freedom for England?

The Magna Carta, signed in 1215 by King John, was an important step in because it took some power from the monarch and gave it to the people. An example of this would be that the monarch could no longer take someone's land without just reason and payment to the person for the land. Because of this major step from traditional government, the Magna Carta is often regarded as the basis of Democracy. Never before had power been taken from the monarch and given to the people. It was, however, still a far cry from the consitutional monarchy that Great Britain has today.