Baroness Margaret Thatcher
Encyclopædia Britannica
The only British prime minister in the 20th century to win three consecutive terms and, at the time of her resignation, Britain's longest continuously serving prime minister since 1827, she accelerated the evolution of the British economy from statism to liberalism and became, by personality as much as achievement, the most renowned British political leader since Winston Churchill.
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… Thatcher advocated greater independence of the individual from the state; an end to allegedly excessive government interference in the economy, including privatization of state-owned enterprises and the sale of public housing to tenants; reductions in expenditures on social services such as health care, education, and housing; limitations on the printing of money in accord with the economic doctrine of monetarism; and legal restrictions on trade unions. The term Thatcherism came to refer not just to these policies but also to certain aspects of her ethical outlook and personal style, including moral absolutism, fierce nationalism, a zealous regard for the interests of the individual, and a combative, uncompromising approach to achieving political goals.
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Thatcher embarked on an ambitious program of privatization of state-owned industries and public services, including aerospace, television and radio, gas and electricity, water, the state airline, and British Steel. By the end of the 1980s, the number of individual stockholders had tripled, and the government had sold 1.5 million publicly owned housing units to their tenants.
… Thatcher won election to a second term in a landslide — the biggest victory since Labour's great success in 1945…. — gaining a parliamentary majority of 144….
Thatcher entered office promising to curb the power of the unions, which had shown their ability to bring the country to a standstill during six weeks of strikes in the winter of 1978–79. Her government enacted a series of measures designed to undermine the unions' ability to organize and stage strikes, including laws that banned the closed shop, required unions to poll their members before ordering a strike, forbade sympathy strikes, and rendered unions responsible for damages caused by their members. In 1984 the National Union of Mineworkers began a nationwide strike to prevent the closing of 20 coal mines that the government claimed were unproductive. The walkout, which lasted nearly a year, soon became emblematic of the struggle for power between the Conservative government and the trade union movement. Thatcher steadfastly refused to meet the union's demands, and in the end she won; the miners returned to work without winning a single concession.
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In retirement, Margaret Thatcher remained a political force. She continued to influence internal Conservative Party politics (often to the dismay of Major), and Thatcherism shaped the priorities of the Labour Party, which she had kept out of office for more than a decade.
The only British prime minister in the 20th century to win three consecutive terms and, at the time of her resignation, Britain's longest continuously serving prime minister since 1827, she accelerated the evolution of the British economy from statism to liberalism and became, by personality as much as achievement, the most renowned British political leader since Winston Churchill.
…
… Thatcher advocated greater independence of the individual from the state; an end to allegedly excessive government interference in the economy, including privatization of state-owned enterprises and the sale of public housing to tenants; reductions in expenditures on social services such as health care, education, and housing; limitations on the printing of money in accord with the economic doctrine of monetarism; and legal restrictions on trade unions. The term Thatcherism came to refer not just to these policies but also to certain aspects of her ethical outlook and personal style, including moral absolutism, fierce nationalism, a zealous regard for the interests of the individual, and a combative, uncompromising approach to achieving political goals.
…
Thatcher embarked on an ambitious program of privatization of state-owned industries and public services, including aerospace, television and radio, gas and electricity, water, the state airline, and British Steel. By the end of the 1980s, the number of individual stockholders had tripled, and the government had sold 1.5 million publicly owned housing units to their tenants.
… Thatcher won election to a second term in a landslide — the biggest victory since Labour's great success in 1945…. — gaining a parliamentary majority of 144….
Thatcher entered office promising to curb the power of the unions, which had shown their ability to bring the country to a standstill during six weeks of strikes in the winter of 1978–79. Her government enacted a series of measures designed to undermine the unions' ability to organize and stage strikes, including laws that banned the closed shop, required unions to poll their members before ordering a strike, forbade sympathy strikes, and rendered unions responsible for damages caused by their members. In 1984 the National Union of Mineworkers began a nationwide strike to prevent the closing of 20 coal mines that the government claimed were unproductive. The walkout, which lasted nearly a year, soon became emblematic of the struggle for power between the Conservative government and the trade union movement. Thatcher steadfastly refused to meet the union's demands, and in the end she won; the miners returned to work without winning a single concession.
…
In retirement, Margaret Thatcher remained a political force. She continued to influence internal Conservative Party politics (often to the dismay of Major), and Thatcherism shaped the priorities of the Labour Party, which she had kept out of office for more than a decade.
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