The petition of rights supported the very ideas we have today. The idea that men have rights and establishing concept of rule of law which include basic rights. For Example Guarantee of trial by jury, protection against martial law, protection against quartering of troops etc....
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Bill of Rights Constitution Magna Carta Articles of Confederation Declaration of Independence
Parilament
It was put into practice with two other main documents(1628) Petition of Rights and (1668)English Bills of Rights. Because the Magna Carta only provided the basis principle of limited government. The United States government works for the "poeple" and is elect by the "people".
The colonists transplanted English ideas of government to America by, they stood with a strong sense of English Political traditions. By doing that, they established a government.