Thatcher's Legacy Flashcards
What was the rate of inflation in 1979?
The rate of inflation in 1979 was 16.5%
What was the rate of inflation in 1981?
The rate of inflation in 1981 was 11.4%
What was the rate of inflation in 1983?
The rate of inflation in 1983 was 5.1%
What was Britain’s change in GDP in 1979?
Britain’s change in GDP in 1979 was 2.1%
What was Britain’s GDP in 1980?
Britain’s GDP in 1980 was -4%
What was Britain’s GDP in 1983?
Britain’s GDP in 1983 was 4.7%
What was Britain’s rise in real wages between 1979-94?
Britain’s rise in real wages was 26% between 1979-94.
By 1985, how many tenants had purchased their own council homes?
By 1985, over 800,00 tenants had begun to purchase their council homes.
What percentage of the population were homeowners by 1990?
The percentage of people who were homeowners was 68% of the population in 1990, an increase of 15% since 1981.
In what year was British Gas privatised?
British Gas was privatised in 1986, the largest share offer in history.
Between 1979-90, what was the increase in the number of people owning shares?
Between 1979-90, the number of people owning stocks increases by 6 million.
By how much did manufacturing output fall in 2 years?
Manufacturing output fell by 15% in 2 years
By how much was steel production cut by under Thatcher?
Steel production was cut by 30% to less than 14 million tonnes under Thatcher.
By 1983, what level did unemployment rise to?
By 1983 unemployment rose to over 3 million (highest level in the post-war period).
What was the date of the ‘big bang’ and what was the affect on GDP?
The ‘big bang’ took place on 27 October 1986 and GDP grew by 2.2%.
When was BT denationalised?
BT was denationalised in 1984.
When did Thatcher sell off North Sea Gas & Oil to the private sector?
In 1982, Thatcher sold off the majority of shareholdings in British National Oil Corporation to the private sector.
How many pits were the government planning to close in the mid-1980s?
In the mid-1980s the government was planning to close 75 pits.
How many strikers and policemen were injured at the ‘Battle of Orgreave’ in 1984?
There were 51 strikers and 72 policemen were injured at the ‘Battle of Orgrave’ in 1984.
How many people did the coal industry employ in 1979 and 1990?
The coal industry employed 200,000 people in 1979 and 60,000 in 1990.
What percentage of people, according to polls, supported the government during the miners’ strike and what did this demonstrate?
The fact that 65% of the public supported Thatcher was a key indicator that most people no longer relied on the industry for their jobs.
What was the USA’s rise in real wages between 1979-94?
The USA’s rise in real wages between 1979-94 was -7%
