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Difficulty: MediumMargaret Thatcher and the 1980s

Margaret Thatcher, who served as the UK's first female Prime Minister between 1979 and 1990, introduced various reforms to reduce the role of the state in the economy. Which policy specifically involved the removal of government controls and restrictions on business activities, particularly in the financial sector?

  1. DeregulationAnswer
  2. B
    Nationalisation
  3. C
    The establishment of the National Health Service
  4. D
    The signing of the Good Friday Agreement

Answer

Deregulation
The policy of deregulation was a cornerstone of Margaret Thatcher's leadership. It focused on reducing the 'red tape' and government oversight that restricted how businesses and financial markets, such as the City of London, could operate, in order to stimulate economic growth.

Step-by-Step Solution

1
Identify the timeframe and leadership
The question refers to the period between 1979 and 1990 under Margaret Thatcher.
This establishes the historical context of the 'Thatcher era'.
2
Identify the economic objective
The government aimed to reduce state control and encourage free-market competition.
This excludes policies like nationalisation which increase state control.
3
Match the specific action to the policy name
The removal of government restrictions and rules is known as deregulation.
This is a defining term for the 1980s financial and commercial reforms.

Key Concept

Thatcherite Economic Reforms
Estimated Time:45s
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Topics

Margaret Thatcher and the 1980s

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