London - Former British Prime Minister Margaret Thatcher Dies

London - Margaret Thatcher, the “Iron Lady”, was a towering figure in British 20th century politics, a grocer’s daughter with a steely resolve who was loved and loathed in equal measure as she crushed the unions and privatized vast swathes of industry.

She died on Monday, aged 87, after suffering a stroke. During her life in politics Some worshipped her as a modernizer who transformed the country, others bitterly accused her of entrenching the divide between the rich and the poor.

The abiding images of her premiership will remain those of conflict: huge police confrontations with the miners’ union, her riding a tank in a white headscarf, and flames rising above Trafalgar Square in the riots over an unpopular local tax which ultimately led to her downfall.

To those who opposed her she was blunt to a degree - “the lady’s not for turning”, she once famously informed members of her own Conservative Party who were urging her to moderate her policies.

Others who crossed her path, particularly in Europe, were subjected to withering diatribes often referred to as “handbaggings”, named after the black leather bag she invariably carried.

Britain’s only woman prime minister, the tough, outspoken Thatcher led the Conservatives to three election victories, governing from 1979 to 1990, the longest continuous period in office by a British prime minister since the early 19th century.

With U.S. President Ronald Reagan, she formed a strong alliance against communism and was rewarded by seeing the Berlin Wall torn down in 1989 though she worried a unified Germany would dominate Europe.

Her radical, right-wing views broke the mould of British politics, changing the status quo so profoundly that even subsequent Labour governments accepted many of her policies.

The woman who became known simply as “Maggie”, transferred big chunks of the economy from state hands into private ownership.

“The problem with socialism is that eventually you run out of other people’s money,” she once said.

Her personal credo, founded on competition, private enterprise, thrift and self-reliance, gave birth to a political philosophy known as “Thatcherism”.

But her tough economic medicine put millions out of work, alienated many and largely destroyed industries such as mining.

Her combative stance antagonized allies in Europe and her intolerance of dissent eventually led to her downfall.

“A brilliant tyrant surrounded by mediocrities,” was how former premier Harold Macmillan described her. “That bloody woman,” was the less charitable verdict of Edward Heath, another prime minister and her predecessor as Conservative Party leader.

At the peak of her powers, Thatcher’s sheer personality made her one of the West’s best known figures. A workaholic, she put in 18-hour days, after which she would relax over a glass of whisky.