The Thatcher Revolution. I. Biography II. The UK in the 70’s III. The Thatcher Revolution...
-
Upload
lauren-miles -
Category
Documents
-
view
225 -
download
2
Transcript of The Thatcher Revolution. I. Biography II. The UK in the 70’s III. The Thatcher Revolution...
BiographyBorn Margaret Hilda Roberts on the 13th October
1925
Studied Chemistry at Oxford
1959 : MP for Finchley as a Conservative
1970 :Secretary of State for Education and Science
1975 : Conservative Party Leader
1979 : First female Prime Minister
1990 : Resigned after three consecutive terms in office
The UK in the 70’sEconomic, social and
political crisis :
Low growth, high unemployment rate, inflation
Social agitation : strikes, ‘Winter of Discontent’
Too powerful trade unions
‘Sick man of Europe’
A revolution First woman Prime
minister
Victorian values : work, family, nation, initiative spirit
‘Where there is discord, may we bring harmony. Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope.’
New market ideology
‘Free market’ : Market without economic intervention and regulation by the government
Battle against inflation : increasing interest rates to try to slow the growth of the money supply and lower inflation
Privatisation : British Airways, Rolls-Royce…
Many difficulties :1982 : Argentina invaded the Falkland
Islands. Margaret Thatcher sent her naval forces to eject invader
1984 : 12 months Miners’ strike.
Trade unions paralysed economic performances and parliamentary democracy
1984 : Brighton Hotel Bombing carried out by the Provisional Irish Republican Army
UK and USA Margaret Thatcher and
Ronald Reagan fought together the Soviet Union
Iron Lady : ‘If you lead a country like Britain, a strong country, a country which has taken a lead in world affairs in good times and in bad, a country that is always reliable, then you have to have a touch of iron about you. »
The end of the Iron Lady New tax (Poll Tax or
Community Charge) : the property taxes were made uniform, the residential property taxes were established by the local government.
Her popularity was damaged.
Resigned in 1990, was succeeded as party leader and prime minister by John Major.