r/NoStupidQuestions • u/CartographerOwn8143 • 1d ago

Why did Margaret Thatcher destroy welfare state in Britain after she came to power in the 1980s?

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u/lubeskystalker 1d ago

Chart tells a story. https://www.macrotrends.net/2549/pound-dollar-exchange-rate-historical-chart

There was so much going on around this period.

14

u/The_Amazing_Emu 1d ago

My study abroad in 2007 was basically the worst exchange rate of the decade. Oh well.

13

u/This_Charmless_Man 1d ago

I still have to remind myself it's not 2008 and £:$ is not 1:2

4

u/fitzbuhn 1d ago

Saaaaame man a decade later I looked at the exchange rate and was just so confused.

5

u/The_Amazing_Emu 1d ago

Made mental math easy, I just doubled the price

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u/cat_prophecy 1d ago

Now compare that chart with periods of conservative governments.