Events Surrounding The Resignation Of Margaret Thatcher Sociology Essay

Events Surrounding The Resignation Of Margaret Thatcher Sociology Essay Margaret Thatchers legacy towers over modern day British Politics and History. She earned her place in the history books as the longest serving PM of the 20th century with three back to back election wins under her belt and since, emerging politicians have been said to have been creations of the Thatcher era with both William Hague and Tony Blaire being hailed as sons of Thatcherism by journalist Andrew Rawnsley. 1.1.2 Aims This report investigates and concludes as to how the Iron Ladies resignation and downfall was reported in the UK and Welsh newspapers, and pays particular attention and focus as to how this shaped the nations views at the time and now, looking back retrospectively. This report researches as to why Margaret Thatcher was a Marmite politician who evoked such strong responses, in both past and present throughout society and also looks into how the events of the past and media reaction has shaped her legacy left in Britain today. 1.1.3 Method Through both primary and secondary research, this report acts as a historical study into the events surrounding the resignation of Margaret Thatcher and the public response to it by examining how her resignation was reported in the Newspapers and other media resources at the time. 1.1.4 Results Conclusions Conclusions have also been obtained through oral interviews with people who were alive at the time and remember the events to obtain first hand public opinion and to analyse the impact of the transition from Thatcher to the Blaire era on people at the time. In addition to this I collected and collated public opinion about the popularity of Margaret Thatcher throughout her time as Prime Minister resulting in a conclusion as to what her legacy is in Britain today. 2. Introduction 2.1.1 Background and Context for the Study Many people remember where they were and what they were doing when they heard that Margaret Thatcher had stepped down as Prime Minister and what their reaction and feeling toward the news was. Margaret Thatcher always sparks a diverse, sometimes controversial opinion whether it is an expression of fondness or one of extreme aversion which is why her legacy is highly disputed. Media interest on the 10th anniversary of her demise from power was high, so much so that many newspapers ran opinion polls and features allowing people to comment about their reaction to her fall from power and resignation, and such polls were concrete evidence as to Mrs Thatchers ability to continue to evoke strong opinions even a decade after she had ceased to be Prime Minister. These polls are examined later on in the report and help to draw a conclusion of the legacy that she has left on Britain today. This report analyses the Origins of Thatchers departure from number 10 and gauges public opinion on what has now become widely known as the Thatcher era and as a result of it Thatcherism. 2.2.1 Outline of aims and methodology This study explores and discuss the reasons that led to the seismic political moment when Margaret Thatchers resigned as Prime Minister on 22nd November, 1990. This historical report looks into both the medias and public opinion, which has been examined through interviews and media archive footage, both at the time and reflective articles and discussions that have been recorded to date. 2.3.1 Primary research undertaken I have conducted the research through both primary and secondary resources including interviews with people who were alive and remember the resignation first hand, newspaper articles, podcasts, opinion polls and internet sites. Through formulating central questions relating to key topics I have conducted oral interviews with people who were both alive and have strong memories and opinions regarding Thatchers demise. I conducted the interviews this way and asked specific questions to enable me to systematically collate opinions of living peoples testimony about their own experiences. 3.1.1 Literature Review When studying the events of November 1990, it is clear that there is no one origin to the fall of Thatcher from power. In Kevin Jeffries book, Finest and darkest Hours, he says that For the Historian, the events of November 1990 present something of a mystery. A PM with a strong parliamentary majority and in good health, enjoying the considerable advantages of patronage and access to the media, was virtually impregnable. (Jeffries, Atlantic Books, 2002) To her supporters, she was a ground-breaking Prime Minister who positively re-shaped Britains economy and tamed the trade unions. In alliance with US presidents Reagan and Bush, she helped bring about the end of the Cold War. But her 11-year stint in office was also a time tainted by social unrest, industrial trouble and rising unemployment and her critics claim British society is still feeling the effect of her divisive economic policies and the culture of greed and selfishness they allegedly promoted. Existing accounts have noted that there was no single, overriding cause of Thatchers downfall and that various factors played their part in Novembers events. 3.1.1 Key Themes Seeing as there is no one clear reason to her downfall and resignation, there are several key themes and topics which must be addressed when discussing Margaret Thatcher. I have investigated these within both historical and narrative fictional texts in which I have then cross referenced with my own research to enable me to come up with a balanced and well supported conclusion. Below, I have highlighted key themes that are explored in recognized academic discussion of the resignation of Margaret Thatcher by leading authors and commentators of the field. 3.1.2 Divisions over Europe Iconic of the Thatcher years, was the ever running saga as to whether Britain should join the Exchange Rate Mechanism (ERM). Mrs Thatcher relentlessly rejected any steps toward stronger political links which she believed would lead to an identikit European personality, and weaken nationality and tradition of member states. *** Therefore it is fair to say that Europe, ultimately, played a part in ending the Thatcher premiership. 3.1.3 Poll Tax Margaret Thatcher had always been a long standing critic of the British Taxation system which is proven in her memoirs, where shy says that she always disliked rates intensely (Jefferys, Atlantic Books, 2002). The conservative government, under Thatcher then bought in the community charge to replace the long standing tax system that dated back nearly 100 years -Rates which resulted in every adult paying a flat rate charge. The introduction of the Community Charge was met with great unrest and discontent for Thatcherism and opposition groups formed. One Journalist, quoted in the Economist dubbed the system as a A fatheaded, boneheaded, dunderheaded, blunderheaded, muttonheaded, knuckleheaded, chuckleheaded, puddingheaded, jobernowled wash- out of a cock-up. (The Economist, 3 Dec 1994) which could be seen as a representation of the peoples views at the time of its introduction due to the March and Riot of 1990 in opposition to the new system. The riot was a fatal blow for not only the poll tax but also the Margaret Thatcher and before the new year, Thatcher had stepped down as Britains Prime Minister. 3.1.4 Thatcherite Economics Thatchers market-led policies saw the sale of 20 state-owned companies including British Telecom. She did haul the country out of the economic doldrums where the UK was known as the sick man of Europe but at what cost? Her deregulation of the banking industry ultimately led to this current recession via the credit crunch Monetarism came to be used to describe what people thought of as Thatcherism. In simple terms, it is the recognition of the importance of money and money supply in an economy. The belief in free markets and individual wealth creation undermined the fabric of society encouraging selfishness and an increase in inequality. Thatcherite beliefs include a support for a form of trickle down economics the idea if the rich get richer everyone benefits. 3.1.5 Trade Unions Strikes were a regular occurrence and crippled the country. The three-day week was introduced under Edward Heath. And Callaghans Labour government in 1978 oversaw the strikes of the Winter of Discontent. On election, Thatcher used the situation as an excuse to crush the unions. She simply refused to listen to the workers representatives. Her economic policies helped weaken the unions. Methodology The reason in which I conducted research through The methodology section should provide a rationale for the method of research employed and for choice of sources used, together with an explanation of any tools (e.g. questionnaires; SPSS) involved and the respective criteria of evaluation applied to these. Samples of such tools (in blank form or with consolidated data) will probably need to be included in an appendix. It is not necessary to include a narrative description of the research process, although case studies (e.g. observation sessions) need to be well documented. Results As predicted, my results show the expected diversity of opinion. The results and conclusions sections should describe, explain and discuss what the research undertaken has revealed and why it is significant. This is best achieved by comparison with the ideas of opinion leaders previously presented. These ideas will be variously supported, illustrated, qualified and challenged by what you have discovered. Discussion/Conclusions With public opinion turning decisively against her, she was forced to resign from office in November 1990 after a struggle for leadership within the Conservative Party Many United Kingdom citizens remember where they were and what they were doing when they heard that Margaret Thatcher had resigned and what their reaction was. She brings out strong responses in people. Some people credit her with rescuing the British economy from the stagnation of the 1970s and admire her committed radicalism on social issues; others see her as authoritarian, egotistical and responsible for the dismantling of the Welfare State. Britain was widely seen as the sick man of Europe in the 1970s, and some argued that it would be the first developed nation to return to the status of a developing country. In the 1990s, Britain emerged with a comparatively healthy economy, at least by previous standards. A clear illustration of the divisions of opinion over Thatchers leadership can be found in recent television polls: Thatcher appears at Number 16 in the 2002 List of 100 Greatest Britons (sponsored by the BBC and voted for by the public), she also appears at Number 3 in the 2003 List of 100 Worst Britons (sponsored by Channel Four and also voted for by the public), narrowly missing out on the top spot, which went to Tony Blair. Recommendations It might be appropriate to end with recommendations, suggesting how the present study could be extended or repeated in a different format, or how related fields might be explored from a similar standpoint. This section, though, cannot be used to excuse failings in the study which should have been avoided. Transcripts or summaries of interviews, copies of original documents, tables of statistics, maps, etc. should be included in separate appendices at the end. The reader can be referred to these in the text, which may also include extracts from the same (e.g. an exchange from an interview) Bibliography References Evans, EJ (2004). Thatcher and Thatcherism (Making of the Contemporary World) . London: Routledge Holmes, M (1989). Thatcherism: Scope and Limits: Palgrave Macmillan. 1-182 Jefferys, K (2002). Finest and Darkest Hours: The Decisive Events in British Politics, from Churchill to Blair. London: Atlantic Books. p233-258 Marwick, A (2003). British Society Since 1945: The Penguin Social History of Britain : Penguin Morgan, K (2002). Britain since 1945: The Peoples Peace. UK: Oxford University Press. BBC.. 1990: Thatcher quits as prime minister. Available: http://news.bbc.co.uk/onthisday/hi/dates/stories/november/22/newsid_2549000/2549189.stm. Last accessed 21 April 2010. BBC. 1990: Tearful farewell from Iron Lady. Available: http://news.bbc.co.uk/onthisday/hi/dates/stories/november/28/newsid_2527000/2527953.stm. Last accessed 21 April 2010. Essential Margaret Thatcher. Available: http://www.margaretthatcher.org/essential/default.asp. Last accessed 16 April 2010 BBC News. (1990). BBC News: Thatcher resigns as Prime Minister. Available: http://www.youtube.com/watch?v=sTDS23DY670. Last accessed 18 March 2010.

Gordon Growth Model

What is Gordon Growth Model, â€Å"This model is use to determine the fundamental value of stock, it determines the value of stock based on sequence or series of dividends that matured at a constant rate , and the dividend per share is payable in a year† Stock Value (P) = D / (k – G)————–Equation 1 Where D= Expected dividend per share one year from now G= Growth rate in dividends k= required rate of return for equity investor This model is useful to find the value of stock, with following assumption should be taken into account while calculating value of stock, which are: 1.That dividends remains to grow continuously on a constant rate 2. The growth rate should remain less than the required return on equity Relationship between monetary policy and stock market Monetary policy is a state owned measure which is an an important determinant of stock prices , lowering of increase in interest rate couzld be use by fedration to influence stoc k prices. it is very useful to find theâ€Å"value of stockâ€Å". Monetary policy effetcs stock prices in two ways: 1.When in certain circumstances when the federations or the controller of monetray policty lowers interests rates, the return on bonds or securities (which is also considered as an alternative assest to stocks) decreses, this results that the investors who have invested ,are ready or accept to receive a lower required rate of return on an investment in equity. This will automatically reduces the amount of equity , hence it will also lower the (k – G) (denominator in Gordon Growth model).The lowering of this denominator will lead to increase in the value of stock (price of stock). Hence it will increase stock prices. The lowering of interest rate is also a way from the federation to stimulate and energise the economy, this will help to have a higher growth rate in dividends. The rise in dividends can also results the denominator (k – G) to decrease, it also results in higher stock prices . 2. The denominator in equation is always under the monetary policy influences. Because of that, the stocks and stock prices are also influenced by monetary policy.This model clearly demonestrate how monetary policy influence not only stock markets but also investors , stackholders, those who are investing at that particular time. It is always have been seen that the stock market analyst keep an eye on monetary policy measures as monetary policy always an important factor to know the stock prices etc. The relationship between stock prices and monetary policy is an important factor that directly impacts the economic situation of a country, so this measure should be use carefully. Should one follow the typical recommendation of an investment advisor to buy an actively managed mutual fund?If we are really interested in having a real outcome or return on our investment then it is not an ideal thing to follow the typical recommendation of an investmen t advisor: this recommendation could be from a direct advisor or we can have such information or prediction read outr from article or news etc, I f we really want to buy some already active mutual funds than it is totally not enough to go on word of the mouth of someone or listen to hot tips from our investment advisor. Basically it is all about correct and uptodate informations oft he market,this can be a useful way of knowing and gaining profits as an investor.One oft he most important factor which an investor can do is, not always buyand sell securities, for those who are interested in buying mutual funds,it is a best practice to buy no-load mutual fund,which are with lkow management fee. Plus it is also important that we should always be informed about the market, especially any new information about our intended funds that we are interested in buying. From studies it has been established that having a good track record of past performences when investing does not guarantee that the future will also be bright. This is what the efficient â€Å" market hypothesis predictsâ€Å".

Western Civilization and the Greeks

There were many contributions to western civilization from the Ancient Greeks. Many roots of the civilization we have today can be traced back to the Ancient Greeks. They made long lasting contributions in the areas of art, architecture, philosophy, math, drama, and science. If the intelligent thinkers of the Ancient Greeks such as, Socrates, Aristotle,and Hippocrates never challenged the way Greeks lived many of the ideas we have today would have never been established. The Greeks made contributions in modern day art, architecture and philosophy. †The unexamined life is not worth living. (Document #1) This was a quote spoken by Socrates, an Ancient Greek philosopher. He was suggesting by this quote that if you don’t look at life in a different perspective why bother living it. â€Å"Since human reason is the most godlike part of human nature†¦ † (Document #2) This was a quote spoken by Aristotle, and Ancient Greek Philosopher. He believed about human nature that making deals or reasoning was the best human quality and separated us from others. â€Å"Nor do I think your orders were so strong that you, a mortal man, could overrun the gods‘ unwritten and unfailing laws†¦ (Document #6) This was an except from Sophocles‘ play Antigone. The values expressed in this play are that the gods are more powerful then humans and that the gods law are not written down but overpower written human law. The picture of the Parthenon in document #7 shows how specific features of that building influenced Western Civilization. The pillars and the shape of the building showed a sense of power and the actual architecture used in the Parthenon is still used today in places like the White House and Lincoln Monument. The picture of The Discus Thrower sculpture in document #8 reveals things about Greek values and shows an olympic event that is still used in modern times. This statue shows that the Greeks were very athletic people. The olympics sill influence p[people today by bring a competition throughout the countries of the world like a peaceful war. The Greeks also made contributions in modern day science, math, and government. â€Å"As for social standing, advancement is open to everyone, according to ability. † (Document #3) This was an excerpt from Pericles‘ Funeral Oration. In this, Pericles is describing the perks and benefits of aving a Democracy. He was hoping for all citizens to prosper because of this new government. â€Å"I will give no deadly medicine to anyone if asked, nor suggest any such [advice]†¦ † (Document #4) This was a excerpt from Hypocrites, an Ancient Greek doctor and philosopher, Hippocratic Oath. In this he was promising to always give the bes t treatment to anyone that seeks help. This is still used by doctors today. â€Å"Proposition 15, THEOREM: If two straight lines cut one another, the vertical, or opposite, angles shall be equal. † (Document #5) This was an excerpt from Euclid’s Elements. Euclid was an Ancient Greek Mathematician. His impact on modern day is that his ideas are the basis for our geometry/math. There were many contributions to western civilization from the Ancient Greeks. The Greeks have made contributions in many areas such as art architecture, philosophy, science, math, and government. Many roots of modern day ideas can be traced back to the Ancient Greeks. Mainly back to the philosophers such as Socrates, Aristotle and the mathematician Euclid. If these people never would have though differently and looked at life from a different perspective then many ideas we live by today may not be present.

Diversity, Culture, Race, Ethnicity, And Diversity

Organizations are made up of man woman, many cultures races, and multiple generations. Some of the organizations are also comprised of disable employees. This is what we called diversity. Diversity is something that has been around in the organizations for decades. Diversity in Collins Dictionary means, the state or quality of being different or varied and range of different things. It is synonyms to variety, mixture, range, and multiplicity. According to Queensborough Community College in its website define diversity as â€Å"Understanding that each individual is unique, and recognizing our individual differences. These can be along the dimensions of race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs, or other ideologies.† Diversity is the mixture of people, culture, race, ethnicity, and more. Diversity can somehow affect the employees and can be challenges to the managers. Diversity in the organization can affect the employees and their behavior in many ways. The effect can be positive and negative in the same time. The positive effect is, it will wider employee knowledge, skills, and attitude which will allow the organization to become more competitive globally. Higher diversity of employees mean higher diversity of knowledge, skills and abilities. Sharing experience inspires innovative thinking (Claudia Quaiser-Pohls, 2013, p. 41). Today in the modern workplace, most organizations will haveShow MoreRelatedTypes Of Diversity Protected Under Federal Laws886 Words   |  4 Pages Types of Diversity There are six main categories of diversity protected under federal laws. They are gender, age, race/ethnicity, religion, sexual orientation, and disabilities. Each diversity brings something new and different to an organization s culture. Gender Gender diversity is the proportion of women to men in any particular workplace or team (gender diversity). 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