Thatcher's Lasting Social and Economic Impact
- Created by: yazmintaylorx
- Created on: 23-04-18 14:23
View mindmap
- Social / Economic Impact
- Success
- Education
- put more govt. influence into education
- introduced Ofsted & national Curriculums
- created elitist society where intelligent kids got onto the Assisted Places Scheme
- Housing
- revolutionised B into property owning democracy it is today
- 1980 Housing Act and Right to Buy scheme
- 2 million council houses bought by their tennets
- helped ensure the assimilation into communities & helped create independent, less reliant Britain
- still a scheme today
- Trade Unions
- battle on governance = 'who governs who?'
- thatcher showed the unions who governed B by closing the mines & tackling the most powerful union - the NUM
- without thatcher the power of the TUs would ceased to have been curbed
- Post-Keynesian
- Thatcher 'rolled back the frontiers of the state'
- privatisation revolutionised the British economy
- she was the architect
- achieved economic harmony
- moved top rate of tax from 83% to 60% for high income eaners
- tax reduced at efficient rate
- EEC
- signed into EEC Single European Act & ERM to ensure inflation didn't rise
- Thatcher had commitment to low inflation; 1990 it was 10.9%
- understood the detiny of Europe lay in Europe
- took B from 'sick man of Europe' to influential member on world stage
- Councils
- curbed the power of LW local councils e.g. Ken Livingstone
- rolling back the frontiers of the state
- councils blamed for wasting resources
- allowed centreal govt. to increase at expense for local govt.
- Education
- Failure
- Poll Tax
- Poll Tax introduced in 1988 caused riots in 1990
- failed to achieve social / economic transformation when she introduced Poll Tax
- erased her successes & reputation that Right to Buy gave her
- Poll Tax attacked the poor, damaging any soc/econ triumphs she'd previously ordained
- Mining
- closing mines = immense unemployment of 3.2 million miners
- rehousing was difficult because of Right to Buy
- coincidence North Sea Oil came on stream so mines could close
- destroyed families, taking away the job of the breadwinner & failing to retrain them
- Underclass
- monetarist policy divided cabinet
- foreshowing the division of Britain
- underclass created as those not in tune wih monetarist policy at lowest incomes suffered
- result of 'property owning, share owning Britain'
- poverty increased; 20% at bottom of population received 5.6% of national income
- monetarist policy divided cabinet
- EEC
- ceased to be a purely economic community
- didn't want to sacrifice B's sovereignty to 'unelected bureaucracies in Brussels'
- under Maastricht Treaty it became a social/political/foreign supranational community
- failed to achieve soc/econ transformation due to negative relationship with Europe esp Kohl
- Poll Tax
- Success
Similar History resources:
Teacher recommended
Comments
No comments have yet been made