Margaret Thatcher

Margaret Thatcher (born October 13, 1925, Grantham, Lincolnshire, England—died April 8, 2013, London) British Conservative Party politician and prime minister (1979–90), Europe’s first woman prime minister. The only British prime minister in the 20th century to win three consecutive terms and, at the time of her resignation, Britain’s longest continuously serving prime minister since 1827, she accelerated the evolution of the British economy from statism to liberalism and became, by personality as much as achievement, the most renowned British political leader since Winston Churchill. She was a role model for a later prime minister, Liz Truss.
The daughter of Alfred Roberts, a grocer and local alderman (and later mayor of Grantham), and Beatrice Ethel Stephenson, Thatcher formed an early desire to be a politician. Her intellectual ability led her to the University of Oxford, where she studied chemistry and was immediately active in politics, becoming one of the first woman presidents of the Oxford University Conservative Association. After graduating in 1947 she worked for four years as a research chemist, reading for the bar in her spare time. From 1954 she practiced as a barrister, specializing in tax law. In 1951 she married a wealthy industrialist, Denis Thatcher (b. 1915—d. 2003), who supported her political ambition. The couple had twins, a son and a daughter, in 1953.


Thatcher led the Conservatives to a decisive electoral victory in 1979 following a series of major strikes during the previous winter (the so-called “Winter of Discontent”) under the Labour Party government of James Callaghan. As a prime minister representing the newly energetic right wing of the Conservative Party (the “Dries,” as they later called themselves, as opposed to the old-style moderate Tories, or “Wets”), Thatcher advocated greater independence of the individual from the state; an end to allegedly excessive government interference in the economy, including privatization of state-owned enterprises and the sale of public housing to tenants; reductions in expenditures on social services such as health care, education, and housing; limitations on the printing of money in accord with the economic doctrine of monetarism; and legal restrictions on trade unions. The term Thatcherism came to refer not just to these policies but also to certain aspects of her ethical outlook and personal style, including moral absolutism, fierce nationalism, a zealous regard for the interests of the individual, and a combative, uncompromising approach to achieving political goals.