In 1975, Margaret Thatcher became a leader of the Conservatives in Great Britain. She was opposed to socialism and ran on this issue. In 1979, she was elected as Prime Minister and the conservatives swept into power. She sold many of the nationalized industries back to private investors and made tax cuts. Thatcher stood up against the powerful labor unions and stifled the British coal and newspaper industries and broke their power. Because of her strong standards and her leadership style, she became known as the "Iron Lady." | In 1975, Margaret Thatcher became a leader of the Conservatives in Great Britain. She was opposed to socialism and ran on this issue. In 1979, she was elected as Prime Minister and the conservatives swept into power. She sold many of the nationalized industries back to private investors and made tax cuts. Thatcher stood up against the powerful labor unions and stifled the British coal and newspaper industries and broke their power. Because of her strong standards and her leadership style, she became known as the "Iron Lady." |