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Transcript of Margaret Thatcher
Thatcher graduated from Oxford University in 1947 with Second Class Honors
- Her tutor at Oxford was Dorothy Hodgkin, who won a Nobel Prize in Chemistry in 1964
She then trained as a lawyer specializing in taxation
The most important figure in her life was her father
- Her father was active in local politics, being elected as the Mayor of Grantham in 1945
Her form of leadership was considered to be very strong and decisive
She played a major role in transforming not only the conservative party, but also British politics.
Accused of extending a gap between the rich and the poor.
During her 3 terms as Britains Premier she:
Cut social welfare programs, crushed unions and privatized industries.
Other industries had no choice but to cut down their workforce and shut down plants
Her Impact on the World
Her government aimed to reduce social gain and increase individual gain and self reliance.
The creation of "Thatcherism" was the most popular and successful way of running a country.
In her mid 20’s, she started her political career as the Conservative candidate for the MP of Dartford
- She won national publicity as the youngest woman candidate in the country
First and only female leader to be democratically elected in the United Kingdom
- She was Britain’s Prime Minister for three consecutive terms (from 1979 to 1990)
Unafraid to stand up for herself; a force to be reckoned with.
Polarized a country with her beliefs, leadership style and capitalist policies
Her Impact on the World
Her economic policies were copied in more than 50 countries.
Earned a reputation for a realist rather than an idealist
Imposed public expenditure cuts: eliminated free milk available for school children
As a result she was called, "Margaret Thatcher, Milk Snatcher"
In January 1976, she gave a speech which caused the soviets to call her the "Iron Lady"
The Falklands war: Thatcher dispatched a task force to reclaim the Falkland Islands from Argentina, at the cost of 250 British and 700 Argentinian lives.
In a speech in the honour of the Falklands victory:
"Britain is not prepared to be pushed around. We have ceased to be a nation in retreat."
The Iron Lady
13 October 1925 - 8 April 2013
She drove Britain towards global capitalism.
Thatcher changed the economy of Britain by lowering taxes, cutting government and public spending, privatising industries, and reducing inflation.
Because of her, the UK became a centre for international finance and investment.
helped create one of the biggest increases in the stock market in Britains history (the stock market went up by more than 260 % by the time she left office.)
Policies were adopted by the IMF and World Bank throughout 80s and 90s
3 key players contributed to the fall of communism: Margaret Thatcher, her close friend President Reagan, and Pope John Paul II
Her Impact on the World
Contributed to the collapse of the Berlin Wall
Dale, Ian. “Margaret Thatcher In Her Own Words”.2010, London. Biteback Publishing Ltd.
Piers, Brandon. “Eminent Elizabethans”. 2012, London. The Random House Group Limited.
Heffer, S. (2008, April 10). Thatcher: Radical visionary who rescued Britain. The Telegraph [online]. Retrieved October 25, 2013, from
Economist.com. (2013, April 8). Margaret Thatcher: The lady who changed the world. The Economist [online]. Retrieved October 25, 2013, from
Worstall, T. (2013, April 13). The Economic Legacy Of Margaret Thatcher. Forbes.com. Retrieved October 25, 2013, from
Hooper, S. (2013, April 09). Thatcher: The good, bad and the ugly. Aljazeera.com. Retrieved October 26, 2013, from
Foroohar, Rana. (2013). Was Thatcherism Good (or Bad) for the Economy. Time. Retrieved from http://business.time.com/2013/04/09/was-thatcherism-good-or-bad-for-the-economy/
Gibbon, Gary. (2013, April 8). Channel 4. Retrieved from http://www.channel4.com/news/margaret-thatcher-obituary
Pearce, Robert. (2012). Margaret Thatcher's Rise to Power. History Today. Retrieved from http://www.historytoday.com/robert-pearce/margaret-thatchers-rise-power
Quinault, Ronald. (2013). Margaret Thatcher's Career in Perspective. History Today. Retrieved from http://www.historytoday.com/blog/2013/04/margaret-thatchers-career-perspective