Thatcherism Flashcards
Define Thatcherism
The conviction, economic, social and political style of the British Conservative party from 1979-1990 and politician Margaret Thatcher
Define conviction politician
Someone who follows policies based on their own beliefs rather than because the policy is popular or are following what has happened before
Define the New Right
Economic liberation and social authoritarian. A rejection of keynesian economics theory and rather favoured Monetarism and free-market economics
Define Wets
Nickname from Thatcher for conservatives who were uneasy about following monetarist economic policies
Define Dries
Nickname for conservatives who were firm and uncompromising in their support for monetarism
What did Thatcher’s early political career look like?
- first stood in 1950 for Dartford
- married Denis Thatcher to raise her prominence
- Studied law and qualified as a barrister in 1953
- won first election in 1959 in Finchley London
- entered shadow cabinet in 1967
When did Thatcher abolish free milk?
1970 nicknamed Margaret Thatcher the milk snatcher
When was the IRA’s assassination attempt of Thatcher?
October 12th 1984
When was Margaret Thatcher appointed Prime Minsiter?
4th May 1979
Who was Norman Tebbit? (roles, supporting?, impacts)
- Trade Secretary
- Party Chairman
- Very supportive of Thatcher
- Hated by the opposition
- outspoken
- seen as down to earth
Who was Willie Whitelaw? (roles, supporting?, impacts)
- Home secretary
- Deputy leader of the Conservative party
- loyal and admired Thatcher
- No significant impacts
Who was Michael Heseltine? (roles, supporting?, impacts)
- Secretary of defence
- Environment secretary
- Conflicted with Thatcher
- Resigned over westland affair
- Blamed for Thatcher’s downfall
Who was Geoffrey Howe? (roles, supporting?, impacts)
- Trade minister
- Chancellor of the exchequer
- Foreign minister
- Disagreed on european policy
- His resignation speech helped to cause Thatcher’s downfall from power
Who was Nigel Lawson?
- Chancellor of the Exchequer
- Some conflicts
- no significant impacts
Define Keynesian economics
Demand drives supply and healthy economies spend or invest more than they say
