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Margaret Thatcher's Greatest Moments

Margaret Thatcher, the former U.K. prime minister, died on Monday at the age of 87 after suffering a stroke. Known as the Iron Lady, Thatcher governed the U.K. from 1979 to 1990 and was the first woman elected to lead a major western state.

She will go down in history as the woman who transformed Britain's economy. Renowned for her political dominance in the 1980s, which saw a rolling back of the state and an emphasis on the free market. This broke the post-war pro-state consensus that dominated Britain for nearly three decades.

CNBC looks back at some of the greatest moments of her premiership.

By CNBC's Matt Clinch, with Kiran Moodley and Sebastian Martinez

Tim Graham | Getty Images