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Section 3
-Ford wanted to “heal the wounds” of Watergate -“Our long nightmare is over” -September 8, 1974àFord pardons Nixon -Deal? (No evidence) -Loses lots of support -Economy gets worse -High inflation (10%), unemployment (10%), high interest rates (20%+) -High oil prices -Worse recession in 40 years -Foreign policy -Helsinki Accords -East and Western Europe would work together -(Another presidential link: Click here) Election of 1976 -Ford selected by Republicans -Ronald Reagan almost gets nomination -Jimmy Carter selected by Democrats -Good, down-to-earth type of guy (peanut farmer) -Carter wins close election
-Makes it known he is NOT an insider -Alienates both Republicans and Democrats -Relies on a team of advisers -Does not get much done -Energy crisis -Oil prices at an all-time high -Carter urged conservation -Proposed 100 ideas to CongressàMost fail -Economy worsens -1979àFuel shortage (gas stations closed) -Inflation hits 11% -Carter tried many thingsàlooked scatterbrained -“Crisis of spirit” in America -Looked like Carter had given up -1980àInflation at 14% -1977àWill turn over control of Panama canal in 2000 -1978àCamp David Accords -Peace treaty b/w Israel and Egypt -Carter brokered deal -1979àSALT IIàSenate opposed itàdies -Environmentalism -1979àThree Mile Island nuclear accident
-Many Iranians opposed their leader (shah) -Carter supported shah -1979àshah overthrown -Ayatollah Khomeini (Muslim leader) takes over -Oct. 1979àCarter allows shah into US for cancer treatment -Upset Muslims in Iran -Nov. 4, 1979àarmed students seized US embassy -Took 52 Americans hostage -Wanted shah returned to IranàCarter refuses -Were held for 444 days -Released minutes after Reagan becomes president -Next chapter
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