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Thatcher's chief goals in power were to reverse Britain's economic decline and to reduce the range of the state .... Thatcherism refers to Thatcher's economic policies while prime minister 1979 and 1990.

Margareth became prime minister in May 1979. Since the beginning of her administration, she made clear her objectives: to control public spending and reduce the role of the government, as well as ending unemployment and lowering taxes. During her term, Margaret was going to revolutionize economic and foreign policy.