Margaret thatcher literature review

He served as Mayor of Grantham from —46 and lost his position as alderman in after the Labour Party won its first majority on Grantham Council in She was good at general subjects". Bray later recalled that he thought Roberts had taken the relationship more seriously than he had done. One of her Oxford friends was also a friend of the Chair of the Dartford Conservative Association in Kentwho were looking for candidates.

Margaret thatcher literature review

The manufacturing sector was struggling to produce goods due to union strikes and lack of investment for new equipment. Unemployment was high and as a consequence the welfare bill for the government was large.

Traditional British economics; the organisation of the state into industries and thus controlling the state corporatism ; the state controlling prices and distribution of goods collectivism ; and government intervention of tax cuts and increased spending to stimulate the economy Keynesianism 1 were all opposed by Thatcher.

As a consequence her policies were diametrically opposed to traditional economics, that had been held from the end of World War Two to the mids. By using primary sources of speeches, memoirs and articles, coupled with secondary reading; this essay will discuss some of the economic policies of the Thatcher government.

Firstly, how economic theory was used by Thatcher and the effect on subsequent governmental policies. Secondly, what the repercussions were of policy on employment. Thirdly, how industry and trade were affected by policy.

Finally, what the effect was of the policies on a small part of Britain, the West Midlands. The first point to consider is the economic theory and subsequent policies devised by the Conservative government.

Fontana Paperbacks,p. Cherry-Lynne Hopley Page 2 of 16 economic theory devised by economist Milton Friedman known as monetarism. The theory centred on the only role the government should play in the economy was stabilising the currency.

Prices of commodities and production should be left to the market and thus not come under governmental control. This then made it possible to reduce Margaret thatcher literature review intervention and encourage growth of business; it is this theory upon which the new Conservative government based its first budget.

Thatcher continues the government could only control money supply and public borrowing. The standard rate of income tax was also lowered from 33 to 30 per cent. To stop the interest rates causing inflation, higher interest rates were introduced with an increased to fourteen per cent, which was further increased six months later to seventeen per cent.

The effects were not just felt by ordinary families, but industry as well. It could be considered business and industrialists were supporters of the monetary system, as they wanted a better exchange rate for the pound to encourage the export market.

Arthur Marwick comments how monetarism meant high interest rates, which made borrowing difficult; however a reduction of direct taxation was designed to 2 Margaret Thatcher, The Downing Street Years London: HarperCollinsPublishers,p.

Cherry-Lynne Hopley Page 3 of 16 encourage enterprise. It has already been suggested how some areas of monetarism effected the British economy, but how did monetarism directly affect policies?

Robert Blake argues Thatcher wanted to improve the diminishing British economy with monetarism by; minimizing of expenditure and taxation, restricting of trade union power and the privatisation of publicly owned industries. It had been set up in as means of controlling prices and thus inflation, but the commission was abolished in This meant prices could now be controlled by private enterprise, part of the monetary theory.

It could be considered this could then make British business more competitive with its prices of commodities. A policy of indirect taxation, also part of monetarism, meant Value Added Tax VAT increased from eight per cent to fifteen per cent. The government claimed the economy had grown for the seventh year in a row and had a 4 Arthur Marwick, British Society Since London: Penguin Books Ltd,p.

Jacobs argued this did not include the figures forwhere there was negative growth. If these figures were included the average would show the economy had only grown one per cent.

This is an example of how the government were manipulating the figures to show their economic policies had stimulated growth. However, between and inflation did fall from seventeen per cent to 3.

He also states the value of sterling and high interest rates had added to the strain on British industry. Privatisation was the policy of selling state owned industries to the public in the form of shares.

This meant that ordinary workers could own shares in the company they worked for; and the government reduced the state ownership of companies and thus expenditure. Between and Macmillian,location of [Kindle Edition]. Cherry-Lynne Hopley Page 5 of 16 with It was of Conservative party interest, to get as many people as they could to own their own homes.

This could be reflected in voting patterns, which would increase the majority the Conservative government commanded in the House of Commons. This can be illustrated in the voting figures, in the general election 40 per cent of ex-local authority home owners voted conservative, compared with In a speech to the conservative central council in MarchThatcher stated 'Play a game of Kahoot!

here. Kahoot! is a free game-based learning platform that makes it fun to learn – any subject, in any language, on any device, for all ages! Margaret Hilda Thatcher, Baronesa Thatcher de Kesteven LG, OM, PC, FRS, FRIC (Grantham, 13 de outubro de — Londres, 8 de abril de ) foi uma política britânica que serviu como Primeira-Ministra do Reino Unido de a e Líder da Oposição entre e Foi a Primeira-Ministra com o maior período no cargo durante o século XX e a primeira mulher a ocupá-lo.

Published: Thu, 14 Dec With reference to the two speakers Margaret Thatcher and Martin Luther King, compare the way in which English may be used for . Margaret Thatcher was born as Margaret Hilda Roberts on Octobers 13, in Grantham, England, which is famous by Nuton and Cromvil.

Her father was Alfred Roberts, who owned a family grocery store and the family often helped him at the store, but at the same time he was the active in local politics. Margaret Thatcher, as those of us who lived through her premiership remember her, projected herself to the voters as a woman (housewife, mother, nanny, girl guide) almost belligerently indifferent.

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Margaret thatcher literature review

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