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
- 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.