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British Prime Minister Margaret Thatcher and US President Ronald Reagan.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.
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 ).
During the Reagan administration, the charge was made that the foreign policy of the Reagan administration was being managed by ex-Trotskyists. This claim was cited by Lipset (1988, p. 34), who was a neoconservative and former Trotskyist himself. [112]
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.
The thesis of post-war consensus was most fully developed by Paul Addison. [5] The basic argument is that in the 1930s Liberal intellectuals led by John Maynard Keynes and William Beveridge developed a series of plans that became especially attractive as the wartime government promised a much better post-war Britain and saw the need to engage every sector of society.
The Reagan era or the Age of Reagan is a periodization of recent American history used by historians and political observers to emphasize that the conservative "Reagan Revolution" led by President Ronald Reagan in domestic and foreign policy had a lasting impact. It overlaps with what political scientists call the Sixth Party System ...
Reagan did not control the rapid increase in federal government spending or reduce the deficit, but his record looks better when expressed as a percent of the gross domestic product. Federal revenues as a percent of the GDP fell from 19.6% in 1981 when Reagan took office to 18.3% in 1989 when he left.