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Margaret Hilda Thatcher, Baroness Thatcher was a British stateswoman and Conservative politician who was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the longest-serving British prime minister of the 20th century and the first woman to hold the position. As prime minister, she implemented economic policies known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
The economy of the United Kingdom is a highly developed social market economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per capita, constituting 3.1% of nominal world GDP. The United Kingdom constitutes 2.3% of world GDP by purchasing power parity (PPP).
The 1979 United Kingdom general election was held on Thursday 3 May 1979 to elect 635 members to the House of Commons.
The 1983 United Kingdom general election was held on Thursday 9 June 1983. It gave the Conservative Party under the leadership of Margaret Thatcher the most decisive election victory since that of the Labour Party in 1945, with a majority of 144 seats and the first of two consecutive landslide victories.
Thatcherism is a form of British conservative ideology named after Conservative Party leader Margaret Thatcher that relates to not just her political platform and particular policies but also her personal character and style of management while in office. Proponents of Thatcherism are referred to as Thatcherites. The term has been used to describe the principles of the British government under Thatcher from the 1979 general election to her resignation in 1990, but it also receives use in describing administrative efforts continuing into the Conservative governments under John Major and David Cameron throughout the 1990s and 2010s. In international terms, Thatcherites have been described as a part of the general socio-economic movement known as neoliberalism, with different countries besides the United Kingdom sharing similar policies around expansionary capitalism.
Industrialisation (UK) or industrialization (US) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive reorganisation of an economy for the purpose of manufacturing. Industrialisation is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialisation increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies.
The welfare state of the United Kingdom began to evolve in the 1900s and early 1910s, and comprises expenditures by the government of the United Kingdom of Great Britain and Northern Ireland intended to improve health, education, employment and social security. The British system has been classified as a liberal welfare state system.
In the United Kingdom, the word liberalism can have any of several meanings. Scholars primarily use the term to refer to classical liberalism. The term can also mean economic liberalism, social liberalism or political liberalism. It can simply refer to the politics of the Liberal Democrats, a UK party formed from the merger of two centrist parties in 1988. Liberalism can occasionally have the imported American meaning; however, the derogatory connotation is much weaker in the UK than in the US, and social liberals from both the left and right wing continue to use liberal and illiberal to describe themselves and their opponents, respectively.
The post-war consensus, sometimes called the post-war compromise, was the economic order and social model of which the major political parties in post-war Britain shared a consensus supporting view, from the end of World War II in 1945 to the late-1970s. It ended during the governance of Conservative Party leader Margaret Thatcher. The consensus tolerated or encouraged nationalisation, strong trade unions, heavy regulation, high taxes, and an extensive welfare state.
Euroscepticism in the United Kingdom is a continuum of belief ranging from the opposition to certain political policies of the European Union to the complete opposition to the United Kingdom’s membership of the European Union. It has been a significant element in the politics of the United Kingdom (UK). A 2009 Eurobarometer survey of EU citizens showed support for membership of the EU was lowest in the United Kingdom, alongside Latvia and Hungary.
The modern political history of the United Kingdom (1979–present) began when Margaret Thatcher gained power in 1979, giving rise to 18 years of Conservative government. Victory in the Falklands War (1982) and the government's strong opposition to trade unions helped lead the Conservative Party to another three terms in government. Thatcher initially pursued monetarist policies and went on to privatise many of Britain's nationalised companies such as British Telecom, British Gas Corporation, British Airways and British Steel Corporation. She kept the National Health Service. The controversial "poll tax" to fund local government was unpopular, and the Conservatives removed Thatcher as Prime Minister in 1990, although Michael Heseltine, the minister who did much to undermine her, did not personally benefit from her being ousted.
David Ian MarquandFLSW was a British academic and Labour Party Member of Parliament (MP).
The Labour Party governed the United Kingdom from 1974 to 1979. During this period, Harold Wilson and James Callaghan were successively appointed as Prime Minister by Queen Elizabeth II. The end of the Callaghan ministry was presaged by the Winter of Discontent, a period of serious industrial discontent. This was followed by the election of Conservative leader Margaret Thatcher in 1979.
Poverty in the United Kingdom is the condition experienced by the portion of the population of the United Kingdom that lacks adequate financial resources for a certain standard of living, as defined under the various measures of poverty.
Margaret Thatcher's term as the prime Minister of the United Kingdom began on 4 May 1979 when she accepted an invitation of Queen Elizabeth II to form a government, and ended on 28 November 1990 upon her resignation. She was elected to the position in 1979, having led the Conservative Party since 1975, and won landslide re-elections for the Conservatives in 1983 and 1987. She gained intense media attention as Britain's first female prime minister, and was the longest-serving British prime minister of the 20th century. Her premiership ended when she withdrew from the 1990 Conservative leadership election. While serving as prime minister, Thatcher also served as the First Lord of the Treasury, the Minister for the Civil Service and the Leader of the Conservative Party.
Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative majority government. She was the first woman to hold that office. During her premiership, Thatcher moved to liberalise the British economy through deregulation, privatisation, and the promotion of entrepreneurialism.
The steel crisis was a recession in the global steel market during the 1973–75 recession and early 1980s recession following the post–World War II economic expansion and the 1973 oil crisis, further compounded by the 1979 oil crisis, and lasted well into the 1980s.
The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion. It differed from many previous recessions by involving stagflation, in which high unemployment and high inflation existed simultaneously.
The economic history of the United Kingdom relates the economic development in the British state from the absorption of Wales into the Kingdom of England after 1535 to the modern United Kingdom of Great Britain and Northern Ireland of the early 21st century.
The social history of the United Kingdom (1979–present) began with Conservative Prime Minister, Margaret Thatcher (1979–1990) entering government and rejecting the post-war consensus in the 1980s. She privatised most state-owned industries and worked to weaken the power and influence of the trade unions. The party remained in government throughout most of the 1990s albeit with growing internal difficulties under the leadership of Prime Minister John Major (1990–1997).
References
- ↑ Access to History: Britain 1951-2007 (2nd ed.)
- ↑ "The British disease revisited". The Economist. Retrieved 24 January 2018.
- ↑ Donlan, Thomas G. "The British Disease and Its Cure" . Retrieved 24 January 2018.
- ↑ "Enemies within: Thatcher and the unions". 5 March 2004. Retrieved 24 January 2018.
