In what concerns economy and taxation, Margaret Thatcher succeeded in signficicantly assisting the recovery of the British economy, and, by 1983, the country experienced economic growth and inflation and mortgage rates were at their lowest levels since 1970. However, the international public remembers her not for more than the things she has done to improve the British economy, as her 1976 speech about the Soviet Union impressed people everywhere. This particular speech gained her the nickname "Iron Lady" and she even came to relate to the name a few months after the incident.

The nickname suited Margaret Thatcher very well, given that whatever she did, she did it with an iron fist. Although she was extremely elegant and very candid, all her political actions were firm and strong. Moreover, she demonstrated her strength of mind consequent to the 1984 incident, when an Irish Republican Army bomb exploded in the hotel where she was staying. The bomb was meant for her, but she got herself together and even though she had not slept the entire night, the following day she appeared before the crowds looking as neat as ever, without letting the world know that she was in a state of shock as a result of the gravity of this particular event.

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Furthermore, she had also improved the foreign politics system, as she developed a strong relationship with the U.S. President at the time, Ronald Reagan, who never hesitated to mention how great of a woman Thatcher was. In the end, however, people began to think that she had stayed too long at the helm of the country as Prime Minister and in 1990 she was forced to resign, with John Major replacing her.
All things considered, although there are many people who still criticize her way of dealing with things (especially in the political scene) Margaret Thatcher has gained the name of "Iron Lady" as a result of her hard work and determination. Her entire political career was praised by many and there still are some who think that she was responsible for revitalizing the entire British economy and for re-establishing the nation as one of the world's greatest powers. Regardless of critics or supporters, one thing is certain -- Margaret Thatcher will always be Great Britain's Iron Lady.

Bibliography

1. Sian Ellis. Live the History -- Margaret…