• Encouraged and steered privatization of state owned companies. • Reduced over regulations dampening new jobs, business etc • Taxpayer subsidies were cut to failing industries e.g. coal mines • Curbed the power of trade unions. • Deregulated and opened up London stock for foreign investors Effects of thatcher’s politics • Growth in the economy of certain areas but losses in industrial areas in the north • Income inequality • Social unrest • Impact on global politics Falkland wars and Thatcher’s role • Falklands Islands a matter of dispute between Argentina and UK • Argentina invaded and took control of the islands in April 2, 1982 • Thatcher at once mobilized British naval task force, troops and carriers rejecting any ort of advice of negotiation. • Thatcher also engaged in diplomatic efforts to build international support for UK and isolate Argentina. • Under thatcher’s leadership asuccessful military campaign was started and after a long and challenging journey the task force landed in san carlos bay on May 21, 1982 The Iron Lady • Thatcher provided strong leadership to the military and ships to boost their morale. • Thatcher’s determination to reclaim Falkland's was unwavering and made it clear there will be no negotiations. She remained steadfast for her people when other leaders would have faltered. • On June 14, 1982 Argentine forces surrendered and the war was over • This victory boosted Thatcher’s political standing both domestically and internationally and even given the title of “The Iron Lady” as she was seen as a strong and decisive leader Thatcher’s ideology or “Thatcherism” • Believer in individual and free market • Believed in limited involvement of govt in people’s lives • believed in powering individuals and not having them to rely on govt • Believed in strong national defence and sovereignty • Held conservative and traditional values