Margaret Thatcher, the Former Prime Minister of Britain died due to a stroke on 8 April 2013 at the age of 87. Thatcher was the Prime Minister of Britain from 1979 to 1990 from Conservative party of Britain and was the first lady to hold the post of Prime Minister. She succeeded James Callaghan from Labour Party and a Member of Parliament from Cardiff South East.
She resigned from her office in 1990 after she returned from the Euro Summit in Rome, after her policies and her style of government led to the growth of rebellion inside her party. John Major succeeded her in the office of the prime Minister.
About Margaret Thatcher
• Margaret Thatcher was also known as the Iron Lady of Britain and was born on 13 October 1925 in Grantham, Lincolnshire
• She got married Denis Thatcher, a divorced businessman
• In 1953 she qualified as a barrister and in the same year gave birth twins named Mark and Carol
• During her reign in the Prime Minister’s Office, many of the state-owned industries of the country were privatized the initial two companies were British Gas and BT
• At Somerville College, Oxford, she graduated in chemistry and was the only third female President of the Oxford University Conservative Association
• She got involved with the Conservative Party organization in Colchester; while working for a plastic company
Political Career of Margaret Thatcher
• In 1959, she became the Member of Parliament for Finchley, North London for Conservative Party and was elected as a junior minister and soon promoted to the shadow cabinet in 1964 after the conservative party was defeated in the general elections
• She was chosen as the Conservative candidate for Dartford seat in Kent but she lost the 1950 and 1951 general elections from the same seat; at that time she was the youngest ever conservative candidate
• In 1970 she became the education secretary, when Ted Heath was the Prime Minister of Britain
• She was termed as the Milk Snatcher, after she ordered withdrawal of the free milk for children in the age group of seven to eleven
• She was given the title of the Iron Lady by a Russian newspaper after she criticized the repressive policies of Soviet Union in her speech in 1976
• She won general elections in 1979, 1983 and 1987 after making a successful challenge to the former Prime Minister Edward Heath in 1975
• She was in power, when the UK went to war with Argentina over the Falkland Islands in 1982
• She retired from the House Of Commons in 1992
Monetary Policies as the Prime Minister
• To curb the inflation and control the finances of the country, she privatized the state owned industries. She also allowed the owners of houses in the councils to buy their houses. As a result of which, people with zero or negligible stake in the economy of the nation got a chance to own houses and invest in the shares of the business houses those were owned by the state.
She wrote two Memoirs namely
• Campaigning against the Maastricht Treaty
• Condemning the Serbian policy of ethnic cleansing in Bosnia