Answer: The Dutch East India Company. It would be more than forgivable to assume that the most valuable company in the world was a modern one given the enormous amount of wealth generated by modern technology firms. Apple, for example, was valued at 661 billion dollars in 2012. Even more valuable was the Middle Eastern oil firm Saudi Aramco, valued at a staggering 3.6 trillion dollars in 2012. Neither of those massive holdings however can even begin to compare to the inflation-adjusted value of The Dutch East India Company.
The United States Capitol dome as seen from the Supreme Court Building. Separation of powers is a political doctrine originating in the writings of Montesquieu in The Spirit of the Laws where he urged for a constitutional government with three separate branches of government. Each of the three branches would have defined abilities to check the powers of the other branches.
The preemption doctrine refers to the idea that a higher authority of law will displace the law of a lower authority of law when the two authorities come into conflict. Federal Preemption. When state law and federal law conflict, federal law displaces, or preempts, state law, due to the Supremacy Clause of the Constitution. U.S. Const. art. VI., Â§ 2.