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Margaret Thatcher (view source)
Revision as of 04:41, September 11, 2008
, 04:41, September 11, 2008→Denationalization: Privatization
===IRA===
===IRA===
In the middle of the strike, on October 12 1984, the IRA detonated a bomb during the Conservative Party conference in Brighton. Thatcher escaped injury but five people died in the attack and Margaret Tebbit was left paralyzed, the conference went on as normal.
In the middle of the strike, on October 12 1984, the IRA detonated a bomb during the Conservative Party conference in Brighton. Thatcher escaped injury but five people died in the attack and Margaret Tebbit was left paralyzed, the conference went on as normal.
===Denationalization===
===Privatization===
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. 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===
Thatcher supported Reagan's policies of deterrence against the Soviets and US forces stationed nuclear cruise missiles at British bases, arousing mass protests by the Campaign for Nuclear Disarmament. She supported the US bombing raid on [[Libya]] from bases in Britain in 1986 and, by refusing to side with a European consortium, in backing a the Sikorsky Aircraft Corporation of the USA over a British company Westland. Michael Heseltine resigned in protest at her style of leadership over this. In 1984 she visited [[China]] and signed the Sino-British Joint Declaration with [[Deng Xiaoping]] that agreed the handover of [[Hong Kong]] in 1997. Also that year at the Fontainebleau summit Thatcher argued that the UK paid far more to the EEC than it received in spending and negotiated a budget rebate using the argument that ‘We want our money back’. In 1985, the University of Oxford voted to refuse her an honorary degree in protest against her cuts in funding for education.
Thatcher supported Reagan's policies of deterrence against the Soviets and US forces stationed nuclear cruise missiles at British bases, arousing mass protests by the Campaign for Nuclear Disarmament. She supported the US bombing raid on [[Libya]] from bases in Britain in 1986 and, by refusing to side with a European consortium, in backing a the Sikorsky Aircraft Corporation of the USA over a British company Westland. Michael Heseltine resigned in protest at her style of leadership over this. In 1984 she visited [[China]] and signed the Sino-British Joint Declaration with [[Deng Xiaoping]] that agreed the handover of [[Hong Kong]] in 1997. Also that year at the Fontainebleau summit Thatcher argued that the UK paid far more to the EEC than it received in spending and negotiated a budget rebate using the argument that ‘We want our money back’. In 1985, the University of Oxford voted to refuse her an honorary degree in protest against her cuts in funding for education.