Difference between revisions of "Thatcherism"
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*artificial manipulation of the money supply to reduce [[inflation]] | *artificial manipulation of the money supply to reduce [[inflation]] | ||
*[[privatization]] of public industry | *[[privatization]] of public industry | ||
| − | *reining in of [[ | + | *reining in of [[labor union|trade union]] influence and power |
By 1983, Thatcherism in Britain had led to the worst [[unemployment]] figures since 1923. | By 1983, Thatcherism in Britain had led to the worst [[unemployment]] figures since 1923. | ||
[[Category:Economics]][[Category:British History]] | [[Category:Economics]][[Category:British History]] | ||
Revision as of 15:05, December 5, 2008
Thatcherism refers to the economic policy of Margaret Thatcher while British prime minister between 1979 and 1990. It consisted of
- free market supply-side economics
- tax reduction
- artificial manipulation of the money supply to reduce inflation
- privatization of public industry
- reining in of trade union influence and power
By 1983, Thatcherism in Britain had led to the worst unemployment figures since 1923.