Margaret Thatcher: The Woman Who Saved Great Britain
You’ve heard her name. You might even have seen a film about her. But do you know the whole story of Margaret Thatcher – where she came from, what she stood for, and the impact she had on Great Britain and the world? Renowned historian Niall Ferguson explains how the Iron Lady earned her status as one of the most important and influential women of the 20th century.
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Script:
If you think the world is a mess now, that just means you weren’t around in the 1970s.
In Britain, where I grew up, the low point was known as “the winter of discontent,” a line borrowed from Shakespeare’s Richard III.
The inflation rate in 1975 was 27 percent. The trains were always late. The payphones were always broken. Nothing worked.
Worst of all were the recurrent strikes. Strikes by coal miners. Strikes by dockers. Strikes by printers. Strikes by refuse collectors. Strikes even by gravediggers.
It felt as if there was no way back. And then came Margaret Thatcher.
Between May 1979, when she entered 10 Downing Street as prime minister, and November 1990, when she stepped down, she changed everything.
Born on October 13, 1925, she was an improbable savior. Nothing in her middle-class childhood suggested the future ahead of her. A diligent student, she got into Oxford as a chemistry major. She worked for a small plastics company after leaving college but was rejected for a position at the British chemical giant ICI because, as the personnel report stated, “This woman is headstrong, obstinate and dangerously self-opinionated.”
She needed all three of those attributes when she entered the world of politics as a Conservative candidate in 1950. After several failures, she finally entered Parliament in 1959. For the next two decades, she steadily worked her way up through the party ranks.
As early as 1975, Thatcher had come up with a wonderful line about the opposition Labour Party: “They’ve got the usual Socialist disease—they’ve run out of other people’s money.” This she contrasted memorably with what she called “the British inheritance”: “A man’s right to work as he will, to spend what he earns, to own property, to have the state as servant and not as master …”
This was the essence of Thatcherism, and it was just the tonic that the patient—the British economy—needed. It’s fashionable nowadays to argue that there was no Thatcher miracle in the 1980s. Not only is that demonstrably false, it misses an essential point: Thatcherism wasn’t just about raising productivity or creating jobs. Just as important was the goal of defeating inflation and restoring prosperity to the middle class. This it emphatically achieved.
Yet the event that, more than any other, defined Margaret Thatcher’s premiership was not economic but military. The Falklands War against Argentina established her irrevocably in the public mind as the new Britannia, a warrior queen who gloried in victory. And, of course, it ensured a Conservative win in the 1983 election.
There is no question that sending the Royal Navy Task Force to the South Atlantic took great political courage. Many in her own party pushed for a negotiated settlement. But the lady was not for turning—not because she was nostalgic for the days of empire, but because the invasion was, to her mind, morally and legally wrong.
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this video is so violently southern. thatcher broke the north. things she got 'right' only benefited you if you were middle class and didn't have your priorities sorted. rest in piss maggie x
If the UK today is the version after saving, would UK have turned into a 3.rd world country otherwise? 🤔
Those idea probably comes from Reagan, Reagan reteach thatcher about economy and politics that Oxford probably didn’t
Ferguson is the classic " sookie " ,bought and paid for by the English Establishment !
I too am a Scotsman obliged to vomit at the nauseating analysis
of this awful [ Dr.Johnson 's words ]
Scotchman on the make!
Stay in the U.SA you unsavoury incarnation of smugness and Shite !😂😂😂😂😂😂😂!
I agree that the unions had lost their purpose and become too radical. They needed to be reformed, but not destroyed. Their destruction left a void in protection for workers. This void needed to be filled by the government, who ignored this need. Another of her big ideas was to privatise the UK services and utilities, the impact of this has taken until now to be felt and not for the better. Her idea to sell off these and the social housing is something which has resulted in less people rather than more becoming stakeholders in the economy. I think her premiership can be summed up in one phrase 'the operation was a success, but unfortunately the patient died.'
I agree that the unions had lost their purpose and become too radical. They needed to be reformed, but not destroyed. Their destruction left a void in protection for workers. This void needed to be filled by the government, who ignored this need. Another of her big ideas was to privatise the UK services and utilities, the impact of this has taken until now to be felt and not for the better. Her idea to sell off these and the social housing is something which has resulted in less people rather than more becoming stakeholders in the economy. I think her premiership can be summed up in one phrase 'the operation was a success, but unfortunately the patient died.'
From the bottom of my heart understand this: as a Brit, we pay the price everyday for Thatcher's privatisations. We have dug ourselves an economic hole, praying that the now private companies do the right thing and keep prices low, whilst our government has no way of regulating prices or encouraging investment into the services. Our internet is terrible, our water services are corrupt and expensive, our trains are expensive and under-maintained leading to delays and strikes, and all this is just the beginning. All of these things have put pressure on our society to the point where everyone is demanding more money via strikes, causing more inflation, everything is going tits up.
Yes, she helped the economy, but the neoliberal ideals were extremely short-sighted and we are now paying the price. It will cost billions of taxpayer money, as always, to get us out of this hole. Even though they are private, it will always be the taxpayers that bail them out because it will always be the taxpayers who suffer; who can't get to work; whose travel is disrupted; whose currency worth is being ruined; whose cost of living is now unaffordable; honestly there's too many things to name.
I do not believe she is a bad woman, she was decisive and very intelligent and stood up for what she believed in – she wasn't crooked or corrupt, but, unfortunately, she was wrong.
When are you going to join the real world, she took the wright to work off every working class person. Rich got Richer the poor got poorer, honestly I think this guy is taking the micky 😮.
As an economist and someone escaped communism, I have always been a fan of her and even named my first born Margaret. When I visited London, I was hoping to see statues and souvenirs of this woman of extraordinary courage and wisdom, but I found none. The lack of the pride in such a lady is a shame. People are still bitter that the government did not keep giving them the free milk?
her grave also functions as a gender neutral bathroom
Ironically we've has 25 years of New Labour's socialist policies(under Labour, Conservative and coalition governments) and we're back to the 1970's. When will people learn that socialism never works because eventually government runs out of other people's money.
Scottish oil saved the English economy, not parasite Thatcher
She’s the reason why we had to flood our country with 3rd world immigrants. She destroyed the working class and Britain’s industry. On paper it might look good what she did, but she really destroyed that community feeling we had back then.
We'll need a "New Thatcher", but one who supports trickle-up economics, instead of the traditional trickle-down!!!
"The woman who saved Great Britain."
laughtrack.mp3
People of USSR didn't deserve Gorbachev, people of UK didn't deserve Thatcher, people of US didn't deserve Reagan, people of Iran didn't deserve Mohammad Reza Shah, people of France didn't deserve De Gaulle, and people of Spain didn't deserve Franco.
Thatcher was most vile and evil person in history of humanity. If there's hell, she is boiling in one cauldron with Adolf and Winston.
How detached from reality can you be? She was a disaster for Britain. Her privatization frenzy tore apart our vital industries. Coal and steel communities? Wiped out. Jobs? Gone. Lives? Upended. And her assault on workers' rights? Ruthless. She sold off our essential services like they were garage sale leftovers. Today, our country operates so poorly that our indigenous peoples have largely fled and been replaced by foreigners, our cultural fabric stretched thin, transformed by waves of mass immigration. Britain, is hardly recognizable – a bitter legacy of Thatcher's so-called reforms.
You would think we lost WWI and WWII.
Thatcher did not save Britain she ruined Britain she was a vile woman
What they don't tell you is switching to decimal currency cause inflation because when something went up by a new penny it was 2.4 old pennies. That was 1971. We joined the then Common market. This caused food price to rise dramatically. A double whammy of inflationary events. It's worth noting a Tory government was in power for both events . They got voted out and then Labour got the blame for this 27 per cent inflation. Thatchers answer was to put everyone on the dole. In the 1979 election campaign a poster went up saying Labour isn't working when there was 1 million unemployed. In 1982 under Thatcher it was 4 million. Look it up if you are young if your my age you'll remember remember
so many angry working class bums in the comments. Big up Thatcher
Thanks
They don't make them like her anymore- Patriotic politicians who supported the will of the people against foreign aggression.
Remember to do the sequel, Tony Blair: The Man Who Destroyed Great Britain.
Margaret Thatcher ruined British Industry and destroyed jobs.
She was the ultimate snob. She hated heavy industry, the working man and anyone that got their hands dirty; she was all in favour of office workers and bankers.
Her success against the coal miners was because of her major adversary, the head of the NUM the National Union of Miners Arthur Scargill, a truly ignorant arrogant fool, who made Thatcher look good and a hero in the eyes of the British public, no matter what sympathy that they might have had for the ordinary coal miner.
Left people living in sums relying on food banks
Evil pure evil. The most evil person born in the twentieth century.
She was a Nazi and the British people voted for her.
The country is still suffering the consequences of her privatizations, a policy that should have been revoked by Blair's future labour government. The consequence: Services that should be run for the sake of the people instead of being profit-oriented have been going down the draun since Thatcher initiated this. Health service, education, public transport, housing – it's all in shambles. Compare it to countries where the state keeps control on infrastructures and you realize how bad Thatcher was for the country.
She was AWFUL !!!
It’s nice to see how triggered the left wing Labour idiots get when presented with facts it’s hard or impossible to deny. Those “snowflakes” just cannot deal with facts. They have to retreat to their “feelings” and try to use that as an actual “argument” when neither I nor anyone else who can reason regard feelings as anything else other than mushy nonsense.
Im impressed someone managed to spaff on for that long and keep a straight face
She was the LAST true Conservative in the UK. Look at the clowns running the Tory Party now, and they are on par with the Democrats.
really talking about how the public mind loved thatcher? absolutely ridiculous, not one mention of ireland and you completely ignore how she decimated the economy in the north by closing the mines and ending textiles once and for, shipping the industries off to china and india and the rest where foreign children can mine our coal instead of our own men. exactly the sort of globalist tory drivel i'd expect from pragerU though
10 greatest accomplishments of Thatcher
Number 1: Died
Headstrong, Obstinate and Dangerously Self-Opinionated seems accurate to me, but these were also the reasons for her downfall as she ignored the opinions of those around her.
She did what her masters ( Illuminati ) instructed her to do. It was all planned out including the outcome. Wake the freak up.
Now unions aren’t strong enough and privatised public services are failing us, not to mention the housing crisis, brought on in part because of right to buy, a thatcher policy. Thanks thatcher
Las Malvinas son Argentinas