Changes

Thatcher sold many of the UK's nationalized industries back to private investors and made tax cuts. She broke the power of the trade unions which stood in the way of industrial progress, especially in the mining, print and shipbuilding industries and the public sector. Due to her strong standards and her leadership style, she became known as the "[[Iron Lady]]," a term originally coined as an insult in the [[Soviet Union|Soviet Army]] newspaper ''Krasnaya Zvezda'' (Red Star,) but one she adopted enthusiastically. A famous statement of hers was "You turn if you want to, but the lady's not for turning", in reference to calls from within her own party to back down (in the political terminology of the time, "U-turn") on issues that were important to her. Thatcher was always a strong supporter of close relations with the [[United States]] and was a good friend of President [[Ronald Reagan]], uniting with him in actions against the Communists.   

Thatcher sold many of the UK's nationalized industries back to private investors and made tax cuts. She broke the power of the trade unions which stood in the way of industrial progress, especially in the mining, print and shipbuilding industries and the public sector. Due to her strong standards and her leadership style, she became known as the "[[Iron Lady]]," a term originally coined as an insult in the [[Soviet Union|Soviet Army]] newspaper ''Krasnaya Zvezda'' (Red Star,) but one she adopted enthusiastically. A famous statement of hers was "You turn if you want to, but the lady's not for turning", in reference to calls from within her own party to back down (in the political terminology of the time, "U-turn") on issues that were important to her. Thatcher was always a strong supporter of close relations with the [[United States]] and was a good friend of President [[Ronald Reagan]], uniting with him in actions against the Communists.   

She led Britain to victory against [[Argentina]] in a 1982 war over Argentinian aggression against the [[Falkland Islands]]. The United States was allied with both countries, and initially tried to broker a negotiated settlement. When Thatcher rejected the proposed compromise,  the U.S. supported Britain with intelligence information and the supply of advanced AIM-9L Sidewinder missiles. The conflict led to a strong friendship with the Chilean leader [[Augusto Pinochet]] after Chile helped Britain in the conflict. In 1986, she banned the promotion of homosexuality in schools in a piece of legislation known as [[Section 28]].

She led Britain to victory against [[Argentina]] in a 1982 war over Argentinian aggression against the [[Falkland Islands]]. The United States was allied with both countries, and initially tried to broker a negotiated settlement. When Thatcher rejected the proposed compromise,  the U.S. supported Britain with intelligence information and the supply of advanced AIM-9L Sidewinder missiles. The conflict led to a strong friendship with the Chilean leader [[Augusto Pinochet]] after Chile helped Britain in the conflict. In 1986, she banned the promotion of homosexuality in schools in a piece of legislation known as [[Section 28]].

Thatcher led the Conservative Party to victory in three general elections (1979, 1983 and 1987). By 1990, her popularity was waning and there were calls from within her own party for her to step aside. She was challenged for the party leadership and just failed to gain the necessary majority in the first election despite getting more votes than her rival [[Michael Heseltine]]. After being convinced by colleagues that she would narrowly fail to gain the necessary votes she decided not to stand for a second ballot and resigned as party leader on 22 November 1990.  [[John Major]] won the party leadership vote, and was subsequently appointed to succeed Thatcher as Prime Minister. Heseltine's reputation was destroyed by his actions and his career in the Conservative Party slowly declined, although he remained in the British government and was Deputy Prime Minister between 1995 and 1997.. 

Thatcher led the Conservative Party to victory in three general elections (1979, 1983 and 1987). By 1990, her popularity was waning and there were calls from within her own party for her to step aside. She was challenged for the party leadership and just failed to gain the necessary majority in the first election despite getting more votes than her rival [[Michael Heseltine]]. After being convinced by colleagues that she would narrowly fail to gain the necessary votes she decided not to stand for a second ballot and resigned as party leader on 22 November 1990.  [[John Major]] won the party leadership vote, and was subsequently appointed to succeed Thatcher as Prime Minister. Heseltine's reputation was destroyed by his actions and his career in the Conservative Party slowly declined, although he remained in the British government and was Deputy Prime Minister between 1995 and 1997.

''Thatcher was the longest serving British Prime Minister in more than 150 years and, alongside [[Winston Churchill]], is considered to be one of the two most important British political leaders of the twentieth century.''

''Thatcher was the longest-serving British Prime Minister in more than 150 years and, alongside [[Winston Churchill]], is considered to be one of the two most important British political leaders of the twentieth century.''

She fundamentally moved the British economy from factories and mines to services and finance; although manufacturing output grew considerably under her leadership there was an even greater increase in the banking sector.  [[Time|Time Magazine]] wrote of Lady Thatcher:  

She fundamentally moved the British economy from factories and mines to services and finance; although manufacturing output grew considerably under her leadership there was an even greater increase in the banking sector.  [[Time|Time Magazine]] wrote of Lady Thatcher:  

==Career prior to 1979==

==Career prior to 1979==

The predominant influence in Lady Thatcher's early life was her father, [[Alfred Roberts]]. Roberts was a grocer by occupation who was active in local politics. She attended Somerville College, [[Oxford University|Oxford]], where she read chemistry and became chairman of the university Conservative association. After graduating, she worked for a time as a research chemist before qualifying as a barrister and practicing as a tax lawyer, an indication of her interest in financial matters. In this time period, it was uncommon in Britain for a woman from a background to go to an upper-class university and then to pursue a career in the elitist male world of the Bar.

The predominant influence in Lady Thatcher's early life was her father, [[Alfred Roberts]]. Roberts was a grocer by occupation who was active in local politics. She attended Somerville College, [[Oxford University|Oxford]], where she read chemistry and became chairman of the university Conservative association. After graduating, she worked for a time as a research chemist before qualifying as a barrister and practicing as a tax lawyer, an indication of her interest in financial matters. In this time period, it was uncommon in Britain for a woman from a background to go to an upper-class university and then to pursue a career in the elitist male world of the Bar.

Lady Thatcher married Denis Thatcher, a successful businessman whom she met at a Conservative Party meeting; a quiet man, he kept out of the spotlight. They had two children, twins Mark Thatcher and Carol Thatcher.

Lady Thatcher married Denis Thatcher, a successful businessman whom she met at a Conservative Party meeting; a quiet man, he kept out of the spotlight. They had two children, twins Mark Thatcher and Carol Thatcher.

Thatcher's political and economic philosophy emphasized free markets and since gaining power she had experimented in selling off nationalized industries starting with the National Freight company, most of the large utilities followed.

Thatcher's political and economic philosophy emphasized free markets and since gaining power she had experimented in selling off nationalized industries starting with the National Freight company, most of the large utilities followed.

Privatization was perhaps the most enduring legacy of the political economy developed under Thatcher. She privatized long-nationalized corporations (such as the telephone and aerospace firms) and, most important, sold public housing to tenants, all on favorable terms. Theis turned Labour-minded tenants into Conservative-minded property owners and mortgage payers. The policy developed an important electoral dimension during the second Thatcher government (1983–90). It involved more than denationalization: wider share ownership was the second plank of the policy, and this provides an important historical perspective on the relationship between Thatcherism and 20th century conservatism.<ref>Richard Stevens, "The Evolution of Privatisation as an Electoral Policy, c. 1970-90." ''Contemporary British History'' 2004 18(2): 47-75. Issn: 1361-9462 Fulltext: [[Ebsco]]</ref>

Privatization was perhaps the most enduring legacy of the political economy developed under Thatcher. She privatized long-nationalized corporations (such as the telephone and aerospace firms) and, most important, sold public housing to tenants, all on favorable terms. This turned Labour-minded tenants into Conservative-minded property owners and mortgage payers. The policy developed an important electoral dimension during the second Thatcher government (1983–90). It involved more than denationalization: wider share ownership was the second plank of the policy, and this provides an important historical perspective on the relationship between Thatcherism and 20th century conservatism.<ref>Richard Stevens, "The Evolution of Privatisation as an Electoral Policy, c. 1970-90." ''Contemporary British History'' 2004 18(2): 47-75. Issn: 1361-9462 Fulltext: [[Ebsco]]</ref>

===Foreign policy===

===Foreign policy===

After leaving the House of Commons, Thatcher was dubbed '''Baroness Thatcher of Kesteven''' and entered the House of Lords.  Denis Thatcher was given a Baronetcy, which ensured that their son, Mark, would inherit the title of "Sir Mark".

After leaving the House of Commons, Thatcher was dubbed '''Baroness Thatcher of Kesteven''' and entered the House of Lords.  Denis Thatcher was given a Baronetcy, which ensured that their son, Mark, would inherit the title of "Sir Mark".

She publicly endorsed [[William Hague]] against Kenneth Clarke for the Conservative leadership in 1997.  She made many speaking engagements around the world, including very vocal support of former General [[Augusto Pinochet]], whom the new Labour administration extradited to Spain on trumped-up charges of torturing political opponents. In March 2002 she suffered a mild stroke, and made few speeches. In 2004 she attended the funeral of her old friend and political soul-mate, Ronald Reagan. Baroness Thatcher was still seen at Tory party gatherings until nearly the end of her life, and continued endorsing party leaders, such as Iain Duncan Smith. In August 2008, it became known that she was suffering from [[dementia]] and had withdrawn from public life.<ref>[http://news.bbc.co.uk/1/hi/uk_politics/7579352.stm Thatcher suffers from dementia]</ref>  

She publicly endorsed [[William Hague]] against Kenneth Clarke for the Conservative leadership in 1997.  She made many speaking engagements around the world, including very vocal support of former General [[Augusto Pinochet]], whom the new Labour administration extradited to Spain on trumped-up charges of torturing political opponents. In March 2002 she suffered a mild stroke, and made few speeches. In 2004 she attended the funeral of her old friend and political soul-mate, Ronald Reagan. Baroness Thatcher was still seen at Tory party gatherings until nearly the end of her life, and continued endorsing party leaders, such as Iain Duncan Smith. In August 2008, it became known that she was suffering from [[dementia]] and had withdrawn from public life.<ref>[http://news.bbc.co.uk/1/hi/uk_politics/7579352.stm Thatcher suffers from dementia]</ref>  

[http://www.time.com/time/time100/leaders/profile/thatcher.html][http://www.fandmpublications.co.uk/pages/margaretbiography1.htm][http://www.pm.gov.uk/output/Page126.asp]

[http://www.time.com/time/time100/leaders/profile/thatcher.html][http://www.fandmpublications.co.uk/pages/margaretbiography1.htm][http://www.pm.gov.uk/output/Page126.asp]

==Quick Facts==

==Quick Facts==