Thatcherism as a politicical and economical phenomenon and its consequences for Great Britain

Era of Margaret Thatcher's government is one of the most important periods of the 20th century British history. Its legacy represents a huge influence which fundamentally changed, with a small exaggeration, Great Britain. The analysis of her government and her political principles which became known as thatcherism represents radical deviation from post-war political and economic consensus. They were equivalent to the real revolution in approach to the relationship between the state, the society and the economy. This thesis concentrates especially on economical aspects of thatcherism, economic and monetary policy and their consequences and influence on Great Britain during 1980s and afterwards