Friday April 10 2009.

The Iranian Hostage Humiliation
On November 4, 1979, a bunch of anti-American Muslim militants stormed the U.S. embassy in Tehran and took the people inside hostage, demanding that the U.S. return the exiled shah.

Carter set out a military task force to retrieve the American hostages, but that had to be aborted, and when two military aircraft collided, do to sand being trapped in the engines, eight of the would-be rescuers were killed. It wasn’t considered carters fault but a military mess up. Very embarrassing

The stalemate hostage situation dragged on for most of Carter’s term, and was never released until January 1981,the inauguration day of Ronald Reagan. Which made reagon look very good

Presidency 1980

The 1980 presidency came down to Jimmy Carter on the Democratic side and Ronald Reagan on the republican side.
Ronald Reagan addressed America with his "New Morning in America" speech. It addressed 1) tax reductions 2) and opposition to abortion 3) Family values and prayer in school.

The Battle of the Budget

Reagan’s budget cost $695 million, and the vast majority of budget cuts fell upon social programs, not on defense.

“supply side” economics to lower individual taxes, almost eliminate federal estate taxes, and create new tax-free savings plans for small investors.

this theory backfired as the nation slid into its worst recession since the Great Depression

Reaganomics


During the 1980s, income gaps widened between the rich and poor for the first time in the 20th century and it was massive military spending that upped the American dollar and made America the world’s biggest borrowers.

Many farmers were effected negatively due to the recession, ( house foreclosures)

Remember to do your spring break assignment over the break