Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment , large machine tools , huge buildings and large-scale infrastructure ); or complex or numerous processes . Because of those factors, heavy industry involves higher capital intensity than light industry does, and is also often more heavily cyclical in investment and employment .
30-673: (Redirected from Thatcher Government ) Thatcher ministry may refer to: First Thatcher ministry , the British majority government led by Margaret Thatcher from 1979 to 1983 Second Thatcher ministry , the British majority government led by Margaret Thatcher from 1983 to 1987 Third Thatcher ministry , the British majority government led by Margaret Thatcher from 1987 to 1990 See also [ edit ] List of ministers under Margaret Thatcher Premiership of Margaret Thatcher Shadow Cabinet of Margaret Thatcher Topics referred to by
60-421: A 15-year low of 4.9 per cent. Decreasing the public sector borrowing requirement as a share of GDP was a part of the medium term financial strategy at the beginning of the first Thatcher ministry. It was brought down from around five per cent during the 1978–1979 period to around half of this figure during the 1982–1983 period. Public expenditure as a share of GDP increased at around 1.5 per cent per year during
90-488: A result of heavy industry when those heavy metals sink into the ground contaminating the crops that reside among it. Heavy metal concentrations resulting from water and/or soil pollution can become deadly once they pass certain thresholds, which lead to plant poisoning. Heavy metals can further affect many levels of the ecosystem through bioaccumulation , because humans and many other animals rely on these plant species as sources of food. Plants can pick up these metals from
120-467: A substantial reshuffle took place. Members of the Cabinet are in bold face. Heavy industry Though important to economic development and industrialization of economies , heavy industry can also have significant negative side effects: both local communities and workers frequently encounter health risks, heavy industries tend to produce byproducts that both pollute the air and water , and
150-463: Is different from Wikidata All article disambiguation pages All disambiguation pages First Thatcher ministry Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative majority government . She was the first woman to hold that office. During her premiership, Thatcher moved to liberalise
180-455: Is inherently related to the main production process via reduction of iron with coal. In order to reduce these carbon dioxide emissions, carbon capture and utilization and carbon capture and storage technology is looked at. Heavy industry has the advantage of being a point source which is less energy-intensive to apply the latter technologies and results in a cheaper carbon capture compared to direct air capture . Industrial activities such as
210-407: Is the production of large systems, such as the construction of skyscrapers and large dams during the post– World War II era, and the manufacture/deployment of large rockets and giant wind turbines through the 21st century. Many East Asian countries relied on heavy industry as key parts of their development strategies, and many still do for economic growth. This reliance on heavy industry
240-463: Is typically a matter of government economic policy. Among Japanese and Korean firms with "heavy industry" in their names, many are also manufacturers of aerospace products and defense contractors to their respective countries' governments such as Japan's Mitsubishi Heavy Industries and Fuji Heavy Industries , and Korea's Hyundai Rotem , a joint project of Hyundai Heavy Industries and Daewoo Heavy Industries . In 20th-century communist states ,
270-547: The British economy through deregulation , privatisation , and the promotion of entrepreneurialism . This article details the first Thatcher ministry which she led at the invitation of Queen Elizabeth II from 1979 to 1983. Following the vote of no confidence against the Labour government and prime minister James Callaghan on 28 March 1979, a general election was called for 3 May 1979. The Winter of Discontent had seen
300-430: The largest famine in human history , killing up to 50 million people, whilst simultaneously severely depleting the production of agricultural products and not increasing the output of usable-quality industrial goods. Heavy industry is also sometimes a special designation in local zoning laws, allowing placement of industries with heavy impacts (on environment, infrastructure, and employment) with planning. For example,
330-440: The planning of the economy often focused on heavy industry as an area for large investments (at the expense of investing in the greater production of in-demand consumer goods ), even to the extent of painful opportunity costs on the production–possibility frontier (classically, "lots of guns and not enough butter"). This was motivated by fears of failing to maintain military parity with foreign capitalist powers . For example,
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#1732781146445360-503: The 1979–1983 period, despite the target being a reduction of one per cent, per year. This increase in spending was mostly driven by larger expenditures in social security programs such as unemployment benefits, industrial support, and increased lending to nationalized industries; defense spending did not go up considerably during the Falklands War. Long-term unemployment increased considerably during this period: almost one third of
390-543: The Alliance who formed the next opposition. In the event, the Conservatives were re-elected with a 144-seat majority. The election was an unmitigated disaster for Labour, who polled a mere 27.6 per cent of the vote and were left with just 209 MPs in the new parliament. The Alliance came close to Labour in terms of votes with 25.4 per cent of the electorate voting for them, but won a mere 23 seats. In September 1981,
420-402: The Alliance who formed the next opposition. Thatcher had the option of waiting until May 1984 before calling a general election, but the opinion polls remained in her favour as 1983 dawned; she called a general election for 9 June. With all the pollsters pointing towards a Conservative majority, the most interesting outcome of the election was the guessing game as to whether it would be Labour or
450-406: The Labour government's popularity slump during the previous four months, and the opinion polls all pointed towards a Conservative victory. The Conservatives won the election with a majority of 43 seats and their leader Margaret Thatcher became the United Kingdom's first female prime minister. Thatcher inherited some of the worst economic statistics of postwar Britain. The nation was still feeling
480-757: The SDP, worked in conjunction with Liberal leader David Steel with the goal of forming a coalition government at the next general election. For a while, opinion polls suggested that this could happen, with support for the Alliance peaking at 50 per cent in late 1981, with both the Tories and Labour faring dismally. However, when the Falkland Islands (a British dependent territory in the South Atlantic ) were seized by Argentine forces in March 1982, Thatcher
510-573: The Soviet Union's industrialization in the 1930s , with heavy industry as the favored emphasis, sought to bring its ability to produce trucks, tanks, artillery, aircraft, and warships up to a level that would make the country a great power . China under Mao Zedong pursued a similar strategy, eventually culminating in the Great Leap Forward of 1958–1960; an unsuccessful attempt to rapidly industrialize and collectivize , that led to
540-463: The effects of the numerous strikes during the recent Winter of Discontent . Inflation had recently topped twenty per cent, and unemployment was in excess of 1.5 million for the first time since the 1930s. Thatcher's monetarist and deflationary economic policies saw a cut in the inflation rate from a high of 22 per cent in May 1980 to just over 13 per cent by January 1981, and by June 1983 it had fallen to
570-444: The environment because they cannot be chemically degraded. Transportation and construction along with their upstream manufacturing supply businesses have been the bulk of heavy industry throughout the industrial age, along with some capital-intensive manufacturing. Traditional examples from the mid-19th century through the early 20th included steelmaking , artillery production, locomotive manufacturing, machine tool building , and
600-476: The heavier types of mining . From the late 19th century through the mid-20th, as the chemical industry and electrical industry developed, they involved components of both heavy industry and light industry, which was soon also true for the automotive industry and the aircraft industry . Modern shipbuilding (since steel replaced wood) and large components such as ship turbochargers are also characteristic of heavy industry. A typical heavy industry activity
630-636: The improper disposal of radioactive material , burning coal and fossil fuels , and releasing liquid waste into the environment contribute to the pollution of water, soil, air, and wildlife. In regards to water pollution, when waste is disposed of in the environment, it affects the quality of the available water supply which has a negative impact on the ecosystem along with water supply used by farms for irrigation which in turn affects crops. Heavy metals have also been shown to pollute soil , deteriorating arable land quality and adversely impacting food safety (such as vegetables or grain ). This occurs as
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#1732781146445660-526: The industrial supply chain is often involved in other environmental justice issues from mining and transportation . Because of their intensity, heavy industries are also significant contributors to greenhouse gas emissions that cause climate change , and certain parts of the industries, especially high-heat processes used in metal working and cement production, are hard to decarbonize . Industrial activities such as mining also results in pollution consisting of heavy metals. Heavy metals are very damaging to
690-492: The loss of much of Britain's heavy industry . Coal pits, steel plants, machine-tools and shipyards were particularly hard hit, most of all in Scotland , Northern Ireland and the north of England . By 1983, unemployment had reached 3.2 million, although economic growth was now re-established following the recession of 1980 and 1981 . The Labour opposition, which changed leader from James Callaghan to Michael Foot in 1980,
720-430: The same term [REDACTED] This disambiguation page lists articles associated with the title Thatcher ministry . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Thatcher_ministry&oldid=958547677 " Category : Disambiguation pages Hidden categories: Short description
750-513: The soil and begin the metal transfer to higher levels of the food chain, and eventually reaching humans. Regarding air pollution: long-term or short-term exposure of children to industry-based air pollution can cause several adverse effects, such as cardiovascular diseases , respiratory diseases and even death . Children are also more susceptible to air pollution detriments than adults. Heavy metals such as lead , chromium , cadmium , and arsenic form dust fall particles and are harmful to
780-458: The unemployed had been without a job for more than one year. The manufacturing industry was considerably affected during the first Thatcher government: employment in this sector decreased by almost 20 per cent between 1979 and 1982. This decrease drove almost all of the drop in employment for this period. Productivity started seeing considerable growth during the 1979–1982 period in some industries. Total factor productivity growth during these years
810-422: The zoning restrictions for landfills usually take into account the heavy truck traffic that will exert expensive wear on the roads leading to the landfill. As of 2019 , heavy industry emits about 22% of global greenhouse gas emissions : high temperature heat for heavy industry being about 10% of global emissions. The steel industry alone was responsible for 7 to 9% of the global carbon dioxide emissions which
840-603: Was 13.9 per cent in the metal manufacture industry, 6.6 per cent in motor vehicle manufacture, 7.1 per cent in ship and aircraft manufacture, and 7.5 per cent in agriculture. Income distribution widened considerably during Thatcher's ministry. During the 1979–1986 period, real income per capita fell for the two lower quintiles by four and 12 per cent respectively; but for the top three quintiles, it went up by 24, 11, and 10 per cent, respectively. Thatcher also oversaw union reforms which saw strikes at their lowest for thirty years by 1983. However, her economic policies also resulted in
870-537: Was in no position to exploit the situation and mount a threat to the Conservative government's power. The change of leader saw the party shift dramatically to the left, and in 1981 a host of disenchanted Labour MPs formed the breakaway Social Democratic Party . The new party swiftly formed an alliance with the Liberals with a view to forming a coalition government at the next election. Roy Jenkins , leader of
900-572: Was swift to mount a military response. The subsequent ten-week Falklands War concluded with a British victory on 14 June when the Argentines surrendered. The success of this military campaign saw a rapid turnaround in voter sentiment, with the Tory government firmly in the lead in all major opinion polls by the summer of 1982. A Conservative victory at the next election appeared inevitable, although it appeared far from clear whether it would be Labour or
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