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Homework help..........................…

London Stock Exchange

Homework help..........................…

Postby chaunce8 » Tue Mar 05, 2013 12:50 pm

Britain in early 1990 to 1994 major social,political and economic events

thankyou
chaunce8
 
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Homework help..........................…

Postby stew » Tue Mar 05, 2013 12:52 pm

By Britain, I take it we are talking about UK as a country.

If you look through the list of events from 1990-1994 given in the link below, you can see that

--1990---

Politics & Economy
1. Margaret Thatcher was Prime Minister of UK. Her economic policies were mainly related to privatisation.
2. Unemployment was said to be lowest since 1978.
3. The ECU was introduced to prepare EU for the Euro.
4. Margaret Thatcher stepped down as Prime Minister of UK after 11 years in the position. This was significant because she is a woman in that position and has held it for a long time (11 years). Politically, a chapter has ended in UK.
5. The Poll Tax came under scrutiny.
6. The UK went into recession.
7. Unemployment started rising.


Social
1. The IRA bombed the London Stock Exchange, assassinate an MP and attempted to kill the Chief Marshal.
2. British hostages were paraded on TV by Saddam Hussein /Iraq
3. More people lost their jobs. They started voting for the opposition.

So overall, you can see that 1990 was a turning point for the UK. It ended with a snow storm and power cut in December.


1991 started off with major negative news.

UK retaliated by expelling all Iraqi diplomats and then launched war on Iraq - The Gulf War.

More IRA attacks causing fear and insecurity.

Unemployment continued to rise throughout the year, although the government injected fund into reducing unemployment. The poll Tax was to be replaced by a Council tax.

With Thatcher's absense, the political scene in the UK was adjusting.

Cultural events and sports events were not abandoned, UK continued to thrive or hosted soccer, sumo and other events.

Freddie Mercury died of AIDS.

So in 1991, UK was still suffering the effects of 1990 but saw small signs of hope.

In 1992, despite the continued economic recession, unemployment and IRA attacks, UK was distracted by two major events.

One was the European Championships for football. The other was the break down of the royal family. Diana published a book and was divorved from Charles a few months later. This was also the last year the Queen will not pay taxes.

So in 1992, unemployment continued to rise. People were cheering themselves up with football matches and royal family gossips.

1993 saw more IRA attacks which cause deaths of children. By the end of the year, the Irish and Uk government signe d deal to determine Northen Ireland's future. This was a significant positive milestone.

Unemployment fell and there was hope of an economic recovery.

1994 was the year things started to turn around for the UK.
In the winter olympics, Britain and Northern Ireland joined as UK and won two bronze. Although , the IRA still managed to launch three attacks that year. A ceasefire was reached by the year end.

Unemployment continued to fall. Some companies buy-out and closure marked the economic adjustments of the time.

The politicians were positioning themselves to be the next ruling party in the UK.

The nation was shocked by the crimes committed by Fred West, the serial killer, who later on hung himself while in prison.

The Manchester Uniter won the English Premier League.


Can you see the pattern now? ;-)
stew
 
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