The royal meets her future husband Antony Armstrong-Jones (played by Matthew Goode) in the spectacular episode which focuses on her romance with the photographer.
Perhaps the most scandalous moment comes when she visits his studio and poses topless for a portrait before asking for it be sent to The Times.
Margaret appears to be naked in the stunning snap but for a pair of dangly earrings and can be seen looking seductively over her shoulder.
But did Lord Snowdon really take and publish a topless snap of the princess?
The photograph taken in The Crown is actually a recreation of one of the most famous portraits taken of Princess Margaret.
However, in the Netflix drama the rebellious shot is taken before their engagement whereas the real one was taken in 1967 after Antony and Margaret married and became the Lord and Countess of Snowdon.
Other details of the couple’s relationship are also explored in the second season of The Crown, including the reason behind their delayed engagement announcement.
In the royal drama series, Margaret asks her sister, Queen Elizabeth (Claire Foy), if she will give her marriage her blessing but is left disappointed when she is told she will have to wait several months before she can be wed.
It is true that the Queen did ask her sister to delay the announcement of her engagement to Antony until after the birth of her third child.
Prince Andrew was born in February 1960 and Margaret revealed she planned to marry the photographer just six days later, on February 26. The pair married on May 6, at Westminster Abbey.
The Crown season 2 is available to stream on Netflix now.