Thatcherism

... Thatcherism Assess the impact of Thatcherism on the Conservative Party's approach to Politics since 1975 When Thatcher became leader of the Conservative Party in February 1975, she began to air her new radical policies. Thatcher's ideas were revolutionary and have had a considerable impact on Conservatism. This essay will assess Thatcher's influences and ideas and their impact on Conservative Party politics. It is important to look at Thatcher's inspirations to understand the main policies of Thatcherism. Thatcher drew on the ideas of Milton Friedman via her influential colleague, Sir Keith Joseph. One of Friedman's concepts was a simple one: to control inflation by controlling the supply of money and credit circulating the economy. This is something Thatcher would take on board in her Prime ministerial years to come. Her other influences came from Hayek, (that of economic freedom) and Adam Smith (a Laissez-Faire policy of letting Market forces create Prosperity on their own.)

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