What did the Thatcherism include?
The election of 1979 returned the Conservative Party to power and Margaret Thatcher became the first woman prime minister in Britain. For many the 1980s was a decade of increased prosperity. Mrs. Thatcher firmly believed in self-reliance and what has come to be known as privatization.
Her policies are popularly referred to as Thatcherism. It included the return to private ownership of state-owned industries, the use of monetarist policies (the supply of money in Britain) to control inflation, the weakening of trade unions, the strengthening of the role of market forces in the economy, and an emphasis on law and order. Several cases of privatization took place in Britain in the 1980s, including British Telecom and British Gas.
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