Thatcher's Legacy Flashcards

1
Q

What was the rate of inflation in 1979?

A

The rate of inflation in 1979 was 16.5%

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2
Q

What was the rate of inflation in 1981?

A

The rate of inflation in 1981 was 11.4%

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3
Q

What was the rate of inflation in 1983?

A

The rate of inflation in 1983 was 5.1%

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4
Q

What was Britain’s change in GDP in 1979?

A

Britain’s change in GDP in 1979 was 2.1%

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5
Q

What was Britain’s GDP in 1980?

A

Britain’s GDP in 1980 was -4%

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6
Q

What was Britain’s GDP in 1983?

A

Britain’s GDP in 1983 was 4.7%

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7
Q

What was Britain’s rise in real wages between 1979-94?

A

Britain’s rise in real wages was 26% between 1979-94.

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8
Q

By 1985, how many tenants had purchased their own council homes?

A

By 1985, over 800,00 tenants had begun to purchase their council homes.

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9
Q

What percentage of the population were homeowners by 1990?

A

The percentage of people who were homeowners was 68% of the population in 1990, an increase of 15% since 1981.

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10
Q

In what year was British Gas privatised?

A

British Gas was privatised in 1986, the largest share offer in history.

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11
Q

Between 1979-90, what was the increase in the number of people owning shares?

A

Between 1979-90, the number of people owning stocks increases by 6 million.

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12
Q

By how much did manufacturing output fall in 2 years?

A

Manufacturing output fell by 15% in 2 years

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13
Q

By how much was steel production cut by under Thatcher?

A

Steel production was cut by 30% to less than 14 million tonnes under Thatcher.

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14
Q

By 1983, what level did unemployment rise to?

A

By 1983 unemployment rose to over 3 million (highest level in the post-war period).

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15
Q

What was the date of the ‘big bang’ and what was the affect on GDP?

A

The ‘big bang’ took place on 27 October 1986 and GDP grew by 2.2%.

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16
Q

When was BT denationalised?

A

BT was denationalised in 1984.

17
Q

When did Thatcher sell off North Sea Gas & Oil to the private sector?

A

In 1982, Thatcher sold off the majority of shareholdings in British National Oil Corporation to the private sector.

18
Q

How many pits were the government planning to close in the mid-1980s?

A

In the mid-1980s the government was planning to close 75 pits.

19
Q

How many strikers and policemen were injured at the ‘Battle of Orgreave’ in 1984?

A

There were 51 strikers and 72 policemen were injured at the ‘Battle of Orgrave’ in 1984.

20
Q

How many people did the coal industry employ in 1979 and 1990?

A

The coal industry employed 200,000 people in 1979 and 60,000 in 1990.

21
Q

What percentage of people, according to polls, supported the government during the miners’ strike and what did this demonstrate?

A

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.

22
Q

What was the USA’s rise in real wages between 1979-94?

A

The USA’s rise in real wages between 1979-94 was -7%