Thatcher governments

Question	Answer
Conviction politician	Someone who follows policies based on their beliefs rather than because they are popular or to follow what had gone before.
Wets	A derisive nickname given to a member of the conservative party by Mrs Thatcher and her supporters for being soft and squemish about the social consequences of monetarist economic policies; they could also be seen as one nation conservatives.
Monetarism	An economic theory promoted by Milton Friedman and the "Chicago School" of economists; they argued that the best way for governments to control inflation was by restraint of government spending and borrowing and, above all, by strict curbs on the money supply, i.e. the amount of currency in circulation.
Denationalisation	the selling off of publicly owned industries to the private sector.
Financial Deregulation	The loosening of controls on banks and financial markets, which led to a massive boom in investment banking and financial speculation, the issue of deregulation became very controversial in the great crash of 2008.
the city or square mile	shorthand for the financial district of london in which the City Stock Exchange and the Bank of England are based, as well as the headquarters of many multinational corporations; the city is governed by the City of London corporation which is headed by the Lord Mayor and has it's own police force seperate from the met police.
Yuppie	Short for young urban professional; in the 1980s it was used to describe people working in cities with large disposable income which was spent on consumer goods such as cars and the very first mobile phones.
service industry	An industry that offers a service rather than a physical product - these services can be in a wide variety of areas including travel, finance, media and retail.
North south divide	a term frequently used to express the difference between the prosperous south of England and the less prosperous North.
Secondary Picketing	picketing a location not directly involved in the dispute i.e. it might supply or sell the products involved.
Handbag diplomacy	a term used to describe Thatchers more abrasive style of negotiation in comparison to the the more measured and patient negotiations that was more usual for foreign office diplomats.
European Monetary Union	A shared currency across the EU. The Maastricht treaty set out conditions for this. it came into being in 1999.
Eurosceptic	a term used to describe someone who is opposed to increasing infleunce and power of the EEC (EU after 1992); Eurosceptics are usually contrasted to Europhiles - pro Europeans
key quotes Front: Person who said it	Back: Quote
Margaret Thatcher Tory party conference 1981	"you turn if you want to - the lady's not for turning".
Norman Tebbit	'the trigger of today's outburst of crime and violence lies in the era and attitudes of post-war funk which gave birth to the "permissive society" which in turn generated today's violent society'.
Margaret Thatcher	'who is society? There is no such thing as that!' she went on to say 'there are individual men and women and there are families'.
pundits	'the fundamental realignment of british politics".
Gerald Kaufman	"Longest suicide note in history".
Margaret Thatcher	"i like Mr Gorbachev" and "he and I can do buisness together".

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Thatcher governments

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	Created by Luke Chapman over 4 years ago