Political Developments: Evidence of an Omission of Thatcherism Flashcards
What was the role of Keith Joseph in Thatcher’s first term?
Head of the Department of Industry
Name an industrial company which was losing lots of money in Thatcher’s first term
Steel
How much money was the British Steel Corporation losing a week?
$7 million a week
What would it mean if the British Steel Corporation was losing lots of money?
It was more likely to close down
How did Keith Joseph initially try to deal with the British Steel Corporation decline?
He encouraged the business to close down inefficient plants
What was the impact of British Steel closing down inefficient plants?
50,000 would become unemployed
What happened as a response to British Steel closing down inefficient plants? When did this occur?
There was a strike in April 1980
What happened to Union membership due to British Steel closing down many plants?
Union membership went up 16%
What did the head of the British Steel Corporation tell Keith Joseph?
They could modernise Steel production if they were given £1 billion to do so
How did Joseph respond to the head of the Steel Industry?
He gave them the £1 billion
Why do Keith Josephs actions her show an Omission of Thatcherism?
Because he gave an industry money to keep people employed rather than letting the industry die
