Good Example Of The Reagan - Thatcher Relationship Essay
Type of paper: Essay
Topic: Economics, Countries, Relationships, Ronald Reagan, World, Margaret Thatcher, Economy, Ease
Pages: 1
Words: 275
Published: 2020/12/28
Though they had contrasting characters, Ronald Reagan and Margret Thatcher are arguably the world’s strongest leaders that ever existed. During their terms in office, they created the most potent trans-Atlantic partnership ever. The two leaders put their differences in style and formed a partnership seeking the same goal of the success of the two countries. Margret Thatcher and Ronald Reagan became fundamental pillars of the special relationship between United States of America and Great Britain. During their terms, they formed new economic policies that have benefited both countries to date. Their policies on the free market, low taxes, and limited governance strengthened the economic relationship between the two nations and facilitated the emergence of the two countries among the world’s strongest economies. Reagan and Thatcher philosophically married the British and American economies to form one of the world’s greatest economic powers that have shaped the world’s economy to date.
A model Reagan-Thatcher relationship would be very beneficial to both countries today. As both countries face tough economic times owing to increased expenditure on war and international relations, a close relationship would ease the burden on them. Free market and tax cuts would promote the economic relationship between the two countries that would ease the lives of the citizens. A Reagan-Thatcher relationship would foster a spirit of unity between the two countries and bailouts to ease the economic pressure of either of the countries. This kind of relationship would ensure that each country has the best interests of the other thus would help in times of financial need. These bailouts would not only strengthen the economic ties between the two countries but also protect the countries’ economic status in a falling global economy. This kind of relationship would help both countries maintain high economic ratings in an extremely competitive world economy.
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