Western Civilization II / Unit 18 WC2 1723 short lesson, about 20 seconds
The Oil Shock of 1973 and Thatcher
Captions available
The idea
OPEC's embargo of October nineteen seventy-three, after the Yom Kippur War, ended the boom. The center-right turned against the welfare state from the mid-seventies. Thatcher, prime minister from seventy-nine to ninety, privatized, broke the miners' strike, closed the mines and deregulated finance; manufacturing unemployment rose.
In practice
The Iron Lady; Major followed in ninety.
Where people slip
Her policies are the record; verdicts are not voiced.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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