Have capitalization rules changed over time? IIRC, German capitalizes most nouns, and German was very nearly chosen for America's national language. Further, reading a facsimile of the Declaration of Independence, one can see that Rights, Happiness, and other important words were capitalized.
It seems to me that this still falls under the current rule of capitalizing proper nouns, though in this instance the nouns are made proper for exactly the reason you stated.
#1: Not "Parts of Speech" in #2.