Northern Ireland's Economy in the 1980's (Leaving Cert History): Flashcards

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Northern Ireland's Economy in the 1980's
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Thatcher's economic principles in NI (1980s)

Neo-liberal: free markets, privatisation, reduced state role

Thatcher's key strategy for state-owned industries

Privatising them

3 areas affected by Thatcher's spending cuts in NI

Social services, housing, employment programmes

Traditional NI industries that faced decline under Thatcher

Shipbuilding and textiles

Why was public sector a major employer in NI?

Lack of private sector opportunities

3 challenges unique to NI affecting economic policies

Ongoing violence, political instability, social division

What was Harland and Wolff?

Historic shipyard, symbol of NI's industrial strength

When was Harland and Wolff privatised?

1989

What was Short Brothers?

Aerospace company that underwent privatisation

Community most affected by public sector job losses

Nationalist community

Public response to Thatcher's economic approach in NI

Highly controversial and widely unpopular

Unionist community's view on Thatcher's economic policies

Initially supportive, became increasingly disillusioned

Effect of Thatcher's policies on nationalist community

More severe, exacerbated high unemployment

Overall view of Thatcher's economic approach in NI

Widely viewed as a failure

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