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Lady Thatcher sold many of the nationalised industries back to private investors and made tax cuts. Thatcher stood up against the powerful trade unions, thus encouraging the British coal and newspaper industries by breaking the power of the unions who had a stranglehold over these industries. Due to her strong standards and her leadership style, she became known as the "Iron Lady," a term originally coined as an insult by the communist [[Soviet Union]], but one she adopted with glee. A famous statement of hers was that "the lady is not for turning", in reference to calls from within her own party to back down on issues that were important to her. Thatcher was always a strong supporter of the the [[United States]], and was a good friend of President [[Ronald Reagan]], uniting with him in actions against the Communists.   

Lady Thatcher sold many of the nationalised industries back to private investors and made tax cuts. Thatcher stood up against the powerful trade unions, thus encouraging the British coal and newspaper industries by breaking the power of the unions who had a stranglehold over these industries. Due to her strong standards and her leadership style, she became known as the "Iron Lady," a term originally coined as an insult by the communist [[Soviet Union]], but one she adopted with glee. A famous statement of hers was that "the lady is not for turning", in reference to calls from within her own party to back down on issues that were important to her. Thatcher was always a strong supporter of the 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 sovereignty of the [[Falkland Islands]]. The United States was allied with both countries,  and initially tried to broker a negotiated settlement. When that failed,  the U.S. supported Britain and not Argentina with vital intelligence information. The conflict led to a strong friendship with the Chilean military dictator [[Pinochet]].

She led Britain to victory against [[Argentina]] in a 1982 war over sovereignty of the [[Falkland Islands]]. The United States was allied with both countries,  and initially tried to broker a negotiated settlement. When that failed,  the U.S. supported Britain and not Argentina with vital intelligence information. The conflict led to a strong friendship with the Chilean military dictator [[Pinochet]] after Chile helped Britain in the conflict.

Thatcher won a total 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 when it became clear to her that she would not have the necessary votes she decided not to stand for a second party vote in 1990.  [[John Major]] won the party leadership vote, and was subsequently appointed to succeed Thatcher as Prime Minister.  Thatcher was the longest serving British Prime Minister in more than 150 years, and alongside Winston Churchill, many consider her to be one of the two most important British political leaders of the twentieth century.

Thatcher won a total 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 when it became clear to her that she would not have the necessary votes she decided not to stand for a second party vote in 1990.  [[John Major]] won the party leadership vote, and was subsequently appointed to succeed Thatcher as Prime Minister.  Thatcher was the longest serving British Prime Minister in more than 150 years, and alongside Winston Churchill, many consider her to be one of the two most important British political leaders of the twentieth century.