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{{cquote|'''The economic success of the Western world is a product of its moral philosophy and practice. ''The economic results are better because the moral philosophy is superior.''  Choice is the essence of ethics: if there were no choice, there would be no ethics, no good, no evil; good and evil have meaning only insofar as man is free to choose.''' <ref>[http://www.margaretthatcher.org/document/103336 1977 speech by Margaret Thatcher; Zurich Economic Society]</ref>}}  

{{cquote|'''The economic success of the Western world is a product of its moral philosophy and practice. ''The economic results are better because the moral philosophy is superior.''  Choice is the essence of ethics: if there were no choice, there would be no ethics, no good, no evil; good and evil have meaning only insofar as man is free to choose.''' <ref>[http://www.margaretthatcher.org/document/103336 1977 speech by Margaret Thatcher; Zurich Economic Society]</ref>}}  

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, and ultimately contributing to their defeat.   

The "community charge", informally called the "[[poll tax]]", was introduced in 1990 (1989 in Scotland)<ref>http://www.legislation.gov.uk/ukpga/1988/41/contents</ref> during Thatcher's administration.  It was enormously unpopular, leading to widespread demonstrations against it, and a riot on March 31, 1990.  It was replaced by other revenue measures in 1993.

The "community charge", informally called the "[[poll tax]]", was introduced in 1990 (1989 in Scotland)<ref>http://www.legislation.gov.uk/ukpga/1988/41/contents</ref> during Thatcher's administration.  It was enormously unpopular, leading to widespread demonstrations against it, and a riot on March 31, 1990.  It was replaced by other revenue measures in 1993.