Difference between revisions of "Thatcherism"
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(New page: 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 reduc...) |
(superfluous link - reagonomics redirects to Supply-side economics) |
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[[Thatcherism]] refers to the economic policy of Margaret Thatcher while British prime minister between 1979 and 1990. | [[Thatcherism]] refers to the economic policy of Margaret Thatcher while British prime minister between 1979 and 1990. | ||
It consisted of | It consisted of | ||
| − | *[[free market]] supply-side economics | + | *[[free market]] [[Supply-side economics|supply-side economics]] |
*[[tax]] reduction | *[[tax]] reduction | ||
*artificial manipulation of the money supply to reduce [[inflation]] | *artificial manipulation of the money supply to reduce [[inflation]] | ||
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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. | ||
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Revision as of 13:23, November 24, 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.