Difference between revisions of "Thatcherism"
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| − | + | [[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|supply-side economics]] | ||
| + | *[[tax]] reduction | ||
| + | *artificial manipulation of the money supply to reduce [[inflation]] | ||
| + | *[[privatization]] of public industry | ||
| + | *reining in of [[labor union|trade union]] influence and power | ||
| + | |||
| + | [[Category:Economics]][[Category:British History]] | ||
Revision as of 05:57, February 29, 2012
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