Which of the following are associated with the Reagan-Thatcher revolution? A. Rise of Romanticism B. Influence of dialectical thinking C. Deregulation of banking D. Collapse of derivatives market

Ans : Correct option is (C) deregulation of banking

We can blame greedy bankers, lack in supervision etc for the global banking crisis . Margaret Thatcher was elected at the UK General Election in 1979 & Ronald Reagan won in US in 1980. Due to post war situation both the nation made so much state intervention possible which led to political and social unrest.

But Big Bang in 1986 changed ecerything, and that’s when the City was deregulated. It was understood now that management of the economy was best left to global market forces.