Margaret Thatcher
78
Margaret Hilda Thatcher was born on 13 October 1925 in Grantham, Lincolnshire. Her father had two grocery stores and was a Methodist.
She read chemistry in Oxford and trained as a barrister.
In 1959 she became a Conservative MP in Finchley.
On her first election campaign she promised to revive the economy and won to be Prime Minister. She sold the public owned houses to the tenant and won with that her second election. But when the economy went bad because kept privatise the nationalized companies and went bankrupt after a while. The people had to sell their homes and lost the deposits because they upkeep the mortgage.
She increased the interest rates which helped the people with money in the bank but not the business, especially the small ones. Then they started to closed down.
She reduced spending on social services as education, higher education and housing. She stopped the School Milk.
She reduced the income tax (it wasn't that drastic) and increased the indirect tax.
Manufacturing output dropped by 30%
Margaret Thatcher broke up the nationalized British Shipbuilding which was always the backbone of Britain and the pride. At that time it employed 86,00 people mostly North - East. She privatised it and many went bankrupt because as individual shipyards they couldn' compete. BVT now employs 7,00.
At the privatization Thatcher promised ordinary people shares and her popularity rose again but when the loses of jobs set in they had to sell the shares.
She allowed people to by their own home which was public property. They bought it and Margaret Thatcher popularity rose but when the economy fell and they lost jobs by the hundreds and thousands they couldn't keep up their mortgage. They lost their home and deposit. She never build any houses to replace them and there started a shortage of council houses.
Mrs Thatcher deregulated the private sector and especially the financial sector. From there on Banks and City could do as they like. We still suffer today because Bankers and City can get millions and billions of bonuses which broken banks and business.
The NUM called out a strike because they found out that they wanted to close 20 coal mining pits which would a loss of 20,000 jobs in areas where poverty is widespread. Mrs Thatcher would not meet the Union's representatives. Controversial police tactics on the picket lines had at lest three men killed and 11,300 miners arrested and got a criminal record. Yet all they were fighting for their jobs to feed their family.
It escalated so badly that it heading for a civil war.
After a year they had to give in and by 1992 they closed 97 coal pits and the rest was privatized or sold off. This destroyed whole villages, communities and businesses. These families must have been starving and on top of it all she stopped the school milk where the kids could at least some nourishment.
By the time Margaret thatcher resigned there over 5 million people out of work.
In 1982 Thatcher modernised the strategic nuclear forces and replaced Polaris with the Trident submarines for £10 billions
April 1986 Thatcher gave the USA permission to use the RAF base to launch an attack on Libya because of the alleged bombing of the Berlin Discotheque. UK was the only nation to sanction this move.
Thatcher tried to introduce the Poll Tax to raise revenue but after so many riots had to abandon it.
After Margaret Thatcher had to resign, she became a peer and is now a Baroness Thatcher which is a lifetime peerage. She made sure that her husband became a baronetcy so that her sone would inherit it after his father death.
She received the Oder of Merit which is Britain highest order of distinction. In 1995 she received the Lady Companion of the Order of Garter, UK highest order of Chivalry.
After all she had done to the people, especially in the North and Midlands who were nothing but hard working and badly done by comparison to the South.
I will never how these people survived.
| No Photo |
There Is No Alternative: Why Margaret Thatcher Matters,
Current Bid: $9.98
|
|
|
FRANK KOZIK PRINT MARGARET THATCHER ANARCHY LARGE! S/N
Current Bid: $49.99
|
| No Photo |
The Path to Power, Margaret Thatcher, Good Book
Current Bid: $6.60
|
|
|
MARGARET THATCHER PLAYING CARDS-ALL DIFF.-MINT
Current Bid: $3.95
|
|
There Is No Alternative: Why Margaret Thatcher Matters
Price: $5.99
List Price: $27.95 |
|
|
The Downing Street Years
Price: $144.82
List Price: $35.10 |
|
Margaret Thatcher - The Iron Lady (Biography)
Price: $6.00
List Price: $9.99 |
|
Statecraft: Strategies for a Changing World
Price: $6.70
List Price: $17.95 |
Margaret Thatcher in the News
- Eurosclerosis Is U.S. Diagnosis Not Japan Stagnation (Update1)Bloomberg1 second ago
Dec. 14 (Bloomberg) -- The U.S. may have avoided the Japanese disease of prolonged stagnation only to end up with a dose of eurosclerosis: chronically high unemployment in a growing economy.
- 46 Minutes With Sarah FergusonNew York Magazine2 days ago
The former duchess on Queen Victoria; Winston Churchill; Margaret Thatcher; her best friend, Diana; and staying on good terms with her ex.
- Tuesday December 15 2009The Malaysian Insider1 second ago
DEC 15 — The 19th century was mesmerised by the cyclical behaviour of business. The French economist Clement Juglar became famous for establishing that business cycles ran for around nine or 10 years. We have recently had our own cycles of exuberance and disintegration. But they are very different.
PrintShare it! — Rate it: up down flag this hub










Veronica Allen says:
6 weeks ago
Wow! You never realize how the decisions of a few can affect so many until you actually see the numbers down on paper. Thanks for the vital history lesson.