Money was made at the Stock Exchange with effortless panache, as a coterie of licensed dealers acted on behalf of stockbroker firms with redolent names such as Quilter and Co. The Big Bang blew the ancien regime apart.
Less than two years later she gave birth to twins, Carol and Mark. Meanwhile, she was studying for the bar exams, which she passed in early She then spent the next few years practicing law and looking for a winnable constituency. Thatcher ran for parliament once more in —this time in the Conservative-dominated constituency of Finchley—and easily won the seat.
The first bill she introduced affirmed the right of the media to cover local government meetings. Speaking about the bill in her maiden speech, she focused not on freedom of the press but instead on the need to limit wasteful government expenditures—a common theme throughout her political career.
By Thatcher had accepted an invitation to become parliamentary undersecretary in the Ministry of Pensions and National Insurance. She then steadily moved up the ministerial ranks, becoming secretary of state for education and science when the Conservatives retook power in Nonetheless, she was able to keep her job, and inwith the Conservatives back in the opposition, she defeated former Prime Minister Edward Heath to take over leadership of the party.
Margaret Thatcher as Prime Minister Thatcher was now one of the most powerful women in the world. She rejected the economic theories of John Maynard Keynes, who advocated deficit spending during periods of high unemployment, instead preferring the monetarist approach of Chicago economist Milton Friedman.
In April Argentina invaded the Falkland Islands, a sparsely populated British colony located miles from Argentina and 8, miles from the United Kingdom. Thatcher dispatched troops to the area. On May 2, a British submarine controversially sank an Argentine cruiser that was outside of an official exclusion zone, killing over people on board.
Later in the month, British troops landed near San Carlos Bay in East Falkland and, despite persistent air attacks, were able to capture the capital of Port Stanley and end the fighting.
The war and an improving economy propelled Thatcher to a second term in In what became a key part of her legacy, Thatcher also privatized British Telecom, British Gas, British Airways, Rolls-Royce and a number of other state-owned companies. On the foreign policy front, Thatcher often found herself allied with U.
In Africa she had a mixed record, facilitating the end of white minority rule in Zimbabwe but opposing sanctions against apartheid South Africa. On November 14,former Defense Minister Michael Heseltine challenged her for leadership of the party, partly due to differences of opinion on the European Union.
Thatcher won the first ballot but by too small of a margin for outright victory. That night, her cabinet members visited her one by one and urged her to resign. She officially stepped down on November 28 after helping to assure that John Major and not Heseltine would replace her.
Thatcher remained in parliament untilat which time she entered the largely ceremonial House of Lords and began to write her memoirs.
Though she stopped appearing in public after suffering a series of small strokes in the early s, her influence remained strong. In fact, many of her free market policies have since been adopted, not only by Conservatives, but also by Labour Party leaders like Tony Blair.
Margaret Thatcher died on April 8,at the age of Margaret Thatcher was prime minister from to and is often credited with overseeing a period of great change in Britain: from privatising nationalised industries to allowing council. What is the the legacy of Margaret Thatcher, who died today?
The s is increasingly being seen as deep history - 50% of the Datablog team were born in the late s and were just toddling into.
Within six months of Margaret Thatcher's election, exchange controls were lifted and foreign capital flooded into Britain.
The deregulation of the Stock Exchange in was an invitation to the. Margaret Thatcher Essay Examples. The Changes That Margaret Thatcher Brought on Great England. 3, words. 8 pages. An Introduction to the Principle Mechanism of Political Control of the Civil Service. words. 2 pages. The Political Career and Times of Margaret Thatcher as Prime Minister of Great Britain.
8 pages. Watch video · Politician and former British prime minister Margaret Thatcher was born as Margaret Hilda Roberts on October 13, , in Grantham, England. Nicknamed the "Iron Lady," Thatcher . May 13, · May 13, , Page The New York Times Archives.
Margaret Thatcher is seeking much more than the record for longevity she will have within her grasp if she leads her party to its third.