Born on October 13, 1925 in Grantham, Untied Kingdom to Alfred and Beatrice Roberts, Margaret Thatcher (also known as the Iron Lady) was becoming Britain’s most influential woman (Wilde). She was Britain’s first woman Prime Minister, and because of her determined attitude, she held that position for three terms. She also held the position of secretary to the Ministry of Pensions and Insurance, as well as being the elected leader of the Conservative party (“Famous Deeds”). She restored Britain’s economy, influenced education, and strengthened almost every outlook of British politics (“Margaret Thatcher”).
Margaret Thatcher was a woman of great persistence and knowledge, and these things helped her greatly in restoring Britain’s economy. Before Thatcher became Prime Minister in 1979, Britain’s economy was poor and in decline with high unemployment rates and extremely high inflation rates (Wilde). After Thatcher’s first term, inflation rates had dropped from eighteen percent to four percent (Margaret Thatcher. “Newsmaker”). She accomplished this by limiting the amount of paper money that was printed. She also did this by balancing the government’s budget (Wilde). She made it very clear in her speech to the Conservative Party Conference that government spending had to stop because it was causing dept and unemployment.
“If spending money like water was the answer to our country's problems, we would have no problems now. If ever a nation has spent, spent, spent and spent again, ours has. Today that dream is over. All of that money has got us nowhere but it still has to come from somewhere. They are not the friends of the unemployed or the small business. They are asking us to do again the very thing that caused the problems in the first place.” (Thatcher, Margaret. Speech…)
In 1987, during her second term, the economy boomed (Margaret Thatcher). This took place because Thatcher encouraged privatization and deregulation; or the act of transferring...