THATCHER COURSEWORK OCR

It London one of the financial capitals of the world and allowed it to compete with Wall Street. Between and , there were 9 million shareholders amongst the British public, and 14 major British companies had been privatised. However, in areas that had never known anything else but coal mines, shipyards and steelworks, people faced painful adjustments. To what extent were state intervention and the public sector ‘rolled back’? The factors that caused most toruble were the poor job prospects in the inner city areas, the ‘sus law’, and the high incidence of unemployment among school leavers. Overall the economic realignment that resulted from Thatcher’s economic policies depended on perspective. What activities took place after this realignment?

Supply-side economics argued for a return to incentives, so people would work harder and more productively if they were allowed to keep their earnings. Economic Realignment Overall the economic realignment that resulted from Thatcher’s economic policies depended on perspective. Chief policies within this included: Between and , there were 9 million shareholders amongst the British public, and 14 major British companies had been privatised. This changed British society in a fundamental way as it promoted the capitalist streak that the polocy developed within the individual, giving the potential for social mobility as it generated wealth, another important policy of Thatcher’s. Deregulation for businesses and low taxation encourages enterprise and entrepreneurship.

thatcher coursework ocr

What was the feeling of the riots causation? What was economic realignment? Even without the government’s economic policies, long-term economic trends were already affecting Britain’s old industries. What was the ‘sus law’?

Thatcher’s Economy

This economic realignment could also be seen in the urban decay of many inner city areas. Demand-Side Economics Government uses tax to support full employment. The sale of British gas in became the biggest share offer in history, and was accompanied by a high profile advertising campaign seeking to maximise the purchase of shares by ordinary people, allowing the public to become shareholders.

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It was only with the greatest difficulty that the police eventually contained the trouble.

These old, labour-intensive industries were facing challenges from foreign competition and from technological innovation. Encouraging competition in order to lower prices.

Thatcher’s Economy – Revision Cards in A Level and IB History

It was still part of her broad programme for establishing free enterprise with privatisation and deregulation. To what extent were state intervention and the public sector ‘rolled back’? The Thatcher government’s embraced this shift. Privatisation was drvien by an cursework ideology and became a central policy under Thatcher.

thatcher coursework ocr

Tebbit famouslyspoke ‘He didn’t riot, he got on his bike and looked for work and kept looking’. This changed Ghatcher society in a fundamental way as it promoted the capitalist streak that the polocy developed within the individual, giving the potential for social mobility as it generated wealth, another important policy of Thatcher’s.

Rolls Royce was privatised in It identified poverty and race as key components.

thatcher coursework ocr

Long-term trends shifted economic actvitiy to the south, changing the face of many cities and towns. Limiting the powers of the trade union so that they could not block productivity or prevent the modernisation of industry.

Thatcher (1979-90)

The government would interfere as little as possible in terms of legislation towards businesses, and therefore removed the ‘red tape’. This was because businesses were sold off cheaply in order to ensure all shares were taken up which in turn meant that like was more insecure for employees. The other key element of supply-side economics was deregulation. The major turning point however was the sale of British telecom in The areas in which riots coursewodk happened were suffering hihg leevls of unemployment and deprivation.

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How was deregulation carried out? He was portaryed as satire as ‘spitting image’ as a leather clad, cosh wielding enforcer, who was one of Thatcher’s staunchest supporters, who urged her not to allow the riots to deflect her from her policies. Supply-Side Economics Deregulation for businesses and low taxation encourages enterprise and entrepreneurship.

This was calculated as an act of defiance against the ‘wets’, ministers such as Francis Pym and James Prior, who were worried by the effects of monetarism, had wanted this policy to be abandoned.

Economic Realignment Overall the economic realignment that resulted from Thatcher’s economic policies depended on perspective. The foundations of the working class and of the communities they lived in were crumbling. However, coureswork areas that had never known anything else but coal mines, shipyards and steelworks, people faced painful adjustments.

This allowed the government to make cuts in taxation, which was a key economic policy of Thatcher’s supply-side economics. Michael Heseltine, who continued to argue for greater government intervention, spearheaded and redeveeloped the dockland areas of London and Liverpool. A new breed of dealers and speculators took over. The riots in Brixton consisted of cohrsework of black youths running riots, burning shops and looting property.

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