1 Jul 2022

362

The Impact That Margret Thatcher Has Had on the Wider World Has Been Positive

Format: Chicago

Academic level: High School

Paper type: Essay (Any Type)

Words: 1629

Pages: 6

Downloads: 0

Introduction 

Many people believe that you have to either hate Margret Thatcher or lover her. However, it is possible to feel both hate and like about her. In the fullest sense of words, Margret Thatcher was a stateswoman, who had a significant impact on the entire world through the changes he made in the Britain economy and socialism. Margret Thatcher came to power in March 1979 after winning the election in May 1979 becoming the first women to rule England. She was a daughter of a middle-class grocer; hence, her background modeled her for the Victorian values including work, free enterprise, sense of nationhood, and the importance of family. To many, Margret Thatcher came to power as the England Prime Minister when Britain demanded some change in leadership and policies. Therefore, the purpose of this paper is to describe Margret Thatcher impact on the wider world as positive based on her perspective on some of the achievement she made to contribute to what the world is today 1 . Although Margret Thatcher was loved by many, there have been varying reactions from different leaders and people around her when asked what they thought about her leadership and impact on the world. Therefore, some of the themes that the paper will try to describe using Margret Thatcher perspective include her contribution on revolution and war, her contribution on equality, her viewpoint and reaction toward related gender issues, her contribution to the global economies, her contributions on elimination of racism in Britain and the entire world and lastly, her contribution on imperialism. 

Economies 

Thatcher made major economic reforms which have a remarkable impact on the Britain economy and the entire world, but they also produced a number of irregularities. When dealing with Thatcher economic contributions, it is important to look at the different events in her conceptual perspective (Seldon 2014) . During the Mid-1960s, the global economy especially Britain was experiencing slow growth in the economy , hence making Britain less competitive regardless of the impact the nation has on the global economic growth. For example, being a developed country, Britain was importing more goods that it was exporting, hence creating a huge gap in the global economy. Also, instead of leading money to the third world countries, Britain was repeatedly borrowing money from other countries 2 . Due to the issues in Britain economy, the nation was experiencing major workers strikes, and the then Prime Minister Callaghan seemed unable to contain the Britain economy thus injuring the global economy significantly. The situation in Britain was getting worse day after day with inflation due to soaring prices of commodities getting worse day after day. 

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Faced with rising unemployment rates, strained labor relations, serious inflation and slow-growing productivity, Thatcher government had to take strict measures as a way of reviving the Britain economy so that they can contribute to the wider world economy. Through Thatcherism economic policies that were borrowing a lot from monetarism, and rejecting Keynesianism, Thatcher managed to control current supply to lower the inflation, and this was achieved by cutting down taxes and reducing the government control as a way of encouraging investors (Sanders 2016) . She managed to control the Britain economy by promoting individualism where a number of government interests were sold to private enterprises and investments. By 1987, Britain had sold key industries and public utilities to private companies, including the air, gas, and electricity. Although some of these policies affected the poor population in Britain especially England negatively, she managed to change the Britain economy, hence Britain was in a position to contribute enormously in the wider world economy through export of manufactured goods and services which have contributed to the growth of many countries. 

Revolution and War 

Falkland’s war was one of the many achievements associated with Thatcher. For about 150 years before the events which occurred in the 1980s under Thatcher era, Falkland island is an archipelago positioned about 8, 000 miles from Britain and about 300 miles from the east coast of Argentina with a land area of 4, 700 square miles but regardless of the short distance from Argentina, the island was always under the Britain rule. The island was occupied by the Britain residents but when Thatcher was contemplating the exchange of one island as proposed by Argentina with a number of other highlands in the west, she decided to employ her power to guard Britain interest and safeguard the island. The island offered one of the most effective defense harbors in the world 3 . 

Thatcher wanted the island not mostly for Britain benefit but for the global benefit. This is seen where, Britain was expanding its exportation to different countries hence the island offered ideal space for canal and trade routes, and the passage to Australasia which was a region facing major economic issues and Britain was the only resort in changing their fortune and that of their neighbors (Farrall 2014) . Although the proposal to have a number of Pacific islands was making a lot of political sense, Thatcher decided to stick to one island which will offer Britain and other countries a strategic value hence she considered the land a national property for the use of the Britain races and nothing more. After the marine troops invaded the island in April 1882, Thatcher decided to retaliate hence forcing the Argentina troops to surrender 4 . Today, Britain is contributing millions of oil barrels to the rising global oil market from Falklands, thus contributing positively to the wider world economy . 

Gender Issues 

To many scholars, Thatcher was a real feminist. Long before winning the Prime Minister election in May 1979, feminism was highly associated with talks, academic analysis of whether women and men are equal, combative rhetorical about gender equality, and nonending debates of whether a woman can have it all. Many feminists had made their mark by writing about feminism and gender equality in the modern world. Some went ahead to describing different gender elements and the contribution they had on gender issues (Sanders 2016) . However, Thatcher came up as a real feminist and not because of what she said but she did on the people of Britain and wider world when she was elected as the first woman Prime Minister in Britain. Her way of doing pursuing gender issues was different from how other feminists had done before, where she did not try to pursue justice for her own gender, but she was out for what she believed in and made suggestion and rules based on her leadership position and capability without considering what people think about women and power. 

According to Sanders (2016), the process of addressing the different gender issues in the world took so long because of lack of feminists such as Thatcher, who would do what they think was best instead of spending decades trying to pursue justice for the gender. Due to her courage in addressing economic and political issues in Britain, Thatcher offered encouraged more women to pursue their political career, hence increasing the number of women as Members of Parliament and contributed to critical gender reforms in the US Senate and reduced television talks where women would beg for equal rights. Her contribution to gender issues was positive where he demonstrated to women in the entire world, that they do not need to pursue justice for their gender, but claim their rightful position and contribute in the building of a better world. 

Progress 

Thatcher managed to set free millions of Britain citizens and made major contributions to global progress through her Thatcherism economic policies which claimed that every human being has a right to progress. Her contributions to the global economy started with her trade union reforms, resulting to rescue of the Britain economy from apparent terminal decline and releasing the industries from the state ownership which was viewed by many economists as a move to increase the effectiveness and efficiency of the industries. Her attitude to class has been emulated by many developing countries all over the world, through efforts of trying to change social attitude (Seldon 2014) . Scholars have indicated that Thatcherism was based on radical economic reforms, which were meant to benefit the majority but it ended up hurting a huge number of people who even decided to turn against her ruling impacting her political career negatively. Before taking the Prime Minister position, Britain was the sick man of Europe, with many leaders in the region claiming that Britain was a consumer, and did not have any impact on the regional economy or even global progress. 

Using her progress reforms which were highly base on economic advancement, Britain managed to experience 16 years of boom which occurred from 1992 to 2008 making Britain one of the world greatest economies. Thatcherism policies emphasized the need for individual economic prosperity, and this was achieved by Thatcher through reducing the government economic powers and sharing them with the people. For example, she managed to fulfill the government prime duty of promoting full employment using appropriately expansionary monetary and fiscal policies and addressing the issue of inflation as a unique problem facing Britain. Her leadership models are positively impacting developing countries where they are trying to curb inflation using the monetary growth concept among the Thatcherism approaches (Farrall 2014) . 

In conclusion, it is clear that Thatcher impacted the wider world in different ways during her ruling as the Prime Minister of England. Some of the areas where she managed to make positive impact include economic sector through her Thatcherism policies, gender issues by becoming the real feminist, progress by declaring that it is the right of every human being to progress and winning the Falkland war made Britain retain its trade routes hence impacting different countries they traded with using these routes. 

Bibliography 

Farrall, Stephen, Emily Gray, Will Jennings, and Colin Hay. "Using Ideas Derived from Historical Institutionalism to Illuminate the Long-Term Impacts on Crime of'Thatcherite'Social and Economic Policies." (2014). 

Grasso, Maria Teresa, Stephen Farrall, Emily Gray, Colin Hay, and Will Jennings. "Thatcher’s children, Blair’s babies, political socialization and trickle-down value change: An age, period and cohort analysis." British Journal of Political Science (2017): 1-20. 

Sanders, David, and David Patrick Houghton. Losing an empire, finding a role: British foreign policy since 1945 . Palgrave Macmillan, 2016. 

Scott-Samuel, Alex, Clare Bambra, Chik Collins, David J. Hunter, Gerry McCartney, and Kat Smith. "The impact of Thatcherism on health and well-being in Britain." International Journal of Health Services 44, no. 1 (2014): 53-71. 

Seldon, Anthony, and Daniel Collings. Britain Under Thatcher . Routledge, 2014. 

1 . Farrall, Stephen, Emily Gray, Will Jennings, and Colin Hay. "Using Ideas Derived from Historical Institutionalism to Illuminate the Long-Term Impacts on Crime of'Thatcherite'Social and Economic Policies." 

2 . Grasso, Maria Teresa, Stephen Farrall, Emily Gray, Colin Hay, and Will Jennings. "Thatcher’s children, Blair’s babies, political socialization and trickle-down value change: An age, period and cohort analysis." British Journal of Political Science (2017): 1-20. 

3 . Grasso, Maria Teresa, Stephen Farrall, Emily Gray, Colin Hay, and Will Jennings. "Thatcher’s children, Blair’s babies, political socialization and trickle-down value change: An age, period and cohort analysis." British Journal of Political Science (2017): 1-20. 

4 . Scott-Samuel, Alex, Clare Bambra, Chik Collins, David J. Hunter, Gerry McCartney, and Kat Smith. "The impact of Thatcherism on health and well-being in Britain." International Journal of Health Services 44, no. 1 (2014): 53-71. 

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StudyBounty. (2023, September 14). The Impact That Margret Thatcher Has Had on the Wider World Has Been Positive.
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