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Govt Encouragement Of Free Market Under Margaret Thatcher
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Published on Nov 20, 2015
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1.
BRITISH GOV'T UNDER MARGARET THATCHER
STANLEY HA
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RiveraNotario
2.
KEY TERMS
Free market- gov't doesn't interfere with the workings of the economy.
Big Bang- deregulation financial/stock markets in London
Privatization- transfer from public to private ownership
3.
UNDER THATCHER
Privatization on manufacturing companies improved the economy.
Reduction in gov't deficit and income taxes.
Unemployment rates decreased.
Reduction in trade unions, labor markets, and taxes were part of the policy.
Euroskepticism- Thatcher didn't want Britain to follow the EU economic policies.
4.
BIBLIOGRAPHY
Pym, Hugh. "Margaret Thatcher's economic legacy." BBC News.
http://www.bbc.com/news/business-22073527
(accessed May 1, 2014).
Batchelor, Roy. "Viewpoints: How did Thatcher change UK?." BBC News.
http://www.bbc.com/news/uk-politics-22076774
(accessed April 30, 2014).
Stanley Ha
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