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Lady Thatcher's chief goals in power were to reverse Britain's economic decline and to reduce the range of the state as well as standing taller on the international stage. She found a soul-mate in Ronald Reagan, elected in 1980 but whom she had met in 1975. Thatcher started by increasing interest rates to drive down inflation which hit the manufacturing sector and caused unemployment to rise sharply and there was a deep recession in the early 1980s blamed on her Government's economic policy. This led to her famous quote: 'the lady is not for turning', and she refused a policy u-turn and, despite an open letter from 364 economists, taxes were increased in the middle of a recession. Although unemployment did not reach 3 million till 1982, a year earlier British cities burned as thousands took to the streets to demonstrate their frustration. Inflation was going down though, allowing interest rates to fall, but as the economy started to recover Argentina invaded the Falklands. Thatcher responded with a naval task force and with help from General Pinochet and, more covertly, [[Ronald Reagan]] the British forces swiftly recaptured the islands. The resulting wave of patriotic enthusiasm as well as her right to buy policy for council homes, and a uselessly divided opposition, meant she got a landslide victory in the June 1983 general election.
Lady Thatcher's chief goals in power were to reverse Britain's economic decline and to reduce the range of the state as well as standing taller on the international stage. She found a soul-mate in Ronald Reagan, elected in 1980 but whom she had met in 1975. Thatcher started by increasing interest rates to drive down inflation which hit the manufacturing sector and caused unemployment to rise sharply and there was a deep recession in the early 1980s blamed on her Government's economic policy. This led to her famous quote: 'the lady is not for turning', and she refused a policy u-turn and, despite an open letter from 364 economists, taxes were increased in the middle of a recession. Although unemployment did not reach 3 million till 1982, a year earlier British cities burned as thousands took to the streets to demonstrate their frustration. Inflation was going down though, allowing interest rates to fall, but as the economy started to recover Argentina invaded the Falklands. Thatcher responded with a naval task force and with help from General Pinochet and, more covertly, [[Ronald Reagan]] the British forces swiftly recaptured the islands. The resulting wave of patriotic enthusiasm as well as her right to buy policy for council homes, and a uselessly divided opposition, meant she got a landslide victory in the June 1983 general election.
Apart from the experiment with monetarism which led to mass unemployment the other major event during Thatcher's first term was the IRA Prisoner Hunger Strikes. The most significant event of which was the death of Bobby Sands in May 1981. Bobby Sands was an IRA prisoner in the Maze Prison, [[Belfast]]. During the hunger strike, the purpose of which was recognition of the political nature of the IRA prisoners and other concessions, Bobby Sands had been elected to the UK Parliament as member for Fermanagh & South Tyrone after the incumbent MP had died. Thatcher's refusal to compromise even in the face of public support for the hunger strikers fueled resentment against the UK Government in [[Northern Ireland]]. In the end 10 hunger strikers died between May and August 1981 but the anger she caused was to return to her during the 1984 Conservative Party conference in Brighton. (see below)
The big theme of Lady Thatcher's second term was reducing the power of the trade unions with a series of measures that a number of unions reacted to with industrial action. In particular the National Union of Mineworkers led by Arthur Scargill. The Tories had prepared for the strike by building up coal reserves and the deploying well paid police units fitted out with new riot gear brought in after the disturbances of 1981 who taunted the strikers by waving fivers at them. The miners responded with bricks and very ugly scenes developed on picket lines that split the country. Scargill's failure to hold a ballot for the strike undermined public support and the striker's chant of 'vote with your feet' calling miners to join the strike was turned on them as more and more returned to work over the year of the strike.
The big theme of Lady Thatcher's second term was reducing the power of the trade unions with a series of measures that a number of unions reacted to with industrial action. In particular the National Union of Mineworkers led by Arthur Scargill. The Tories had prepared for the strike by building up coal reserves and the deploying well paid police units fitted out with new riot gear brought in after the disturbances of 1981 who taunted the strikers by waving fivers at them. The miners responded with bricks and very ugly scenes developed on picket lines that split the country. Scargill's failure to hold a ballot for the strike undermined public support and the striker's chant of 'vote with your feet' calling miners to join the strike was turned on them as more and more returned to work over the year of the strike.