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British Prime Minister Margaret Thatcher and US President Ronald Reagan in 1985. Their strong bond epitomised UK–US relations in the late 20th century.. The Special Relationship is a term that is often used to describe the political, social, diplomatic, cultural, economic, legal, environmental, religious, military and historic relations between the United Kingdom and the United States or its ...
The relationship between Thatcherism and liberalism is complicated. Thatcher's former defence secretary John Nott claimed that "it is a complete misreading of her beliefs to depict her as a nineteenth-century Liberal". [14] As Ellen Meiksins Wood has argued, Thatcherite capitalism was compatible with traditional British political institutions.
Margaret Hilda Thatcher, Baroness Thatcher [nb 2] (née Roberts; 13 October 1925 – 8 April 2013), was a British stateswoman and Conservative politician who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990.
However, the Americans strongly endorsed Thatcher, and the long-standing Special Relationship between the United States and Britain was strengthened. [68] [69] Although the Soviet Union was ostensibly friendly with Libya, it had, by the time of the Libya bombing, made its increasing ambivalence toward Libya apparent in public communications.
Beginning in the early 1980s, the Reagan administration and Thatcher government implemented a series of neoliberal economic reforms to counter the chronic stagflation the United States and United Kingdom had each experienced throughout the 1970s.
Thatcher, looking at the lessons learnt during the Cold War, writes of the United States being the only remaining superpower and the responsibilities that come with that burden. She also writes about the dangers inherent in the Balkans given the instability of the region and the rise of Islamic extremism .
In the United Kingdom, the term New Right more specifically refers to a strand of Conservatism that Margaret Thatcher and Ronald Reagan influenced. Thatcher's style of New Right ideology, known as Thatcherism , was heavily influenced by the work of Friedrich Hayek (in particular the book The Road to Serfdom ).
Thatcher played a major role as a broker between Reagan and Gorbachev in 1985–87, with the successful negotiation of the Intermediate-Range Nuclear Forces Treaty (INF). The INF Treaty of December 1987, signed by Reagan and Gorbachev, eliminated all nuclear and conventional missiles, as well as their launchers, with ranges of 500–1,000 ...