Political Ideologies & Systems Flashcards
Thatcherism
A conservative ideology associated with Margaret Thatcher’s government (1979-1990), characterized by free-market policies, privatization, and a reduction in the power of unions.
Neoliberalism
An economic and political philosophy advocating free-market capitalism, deregulation, and minimal government intervention in the economy.
New Liberalism
A political ideology focusing on restrictions on the wealthy, promoting social welfare, and building community through mutual reliance and cooperation.
Constitutional Monarchy
A system of government where the monarch acts as the head of state within the parameters of a constitution, while the real political power resides with elected officials.
House of Commons
The lower house of the UK Parliament, historically divided into the Conservative (Tories) and Liberal (Whigs) parties. It holds significant legislative power.