For the best experienceDownload the Mobile App
App Store Play Store
‘A Crisis of Confidence’ | President Jimmy Carter’s most famous speech
‘A Crisis of Confidence’ | President Jimmy Carter’s most famous speech
‘A Crisis of Confidence’ | President Jimmy Carter’s most famous speech

Published on: 12/29/2024

Description

ATLANTA, Ga. (Atlanta News First) - In 1979, Jimmy Carter’s presidency was under siege from all fronts.

Domestically, the nation was reeling. Inflation had reached an all-time high, and consumers were feeling the effects of the Organization of Petroleum Exporting Countries’ 1973 cuts in oil production. The U.S. was in the midst of a full-blown energy crisis, with Middle Eastern nations’ oil policies holding the American economy hostage.

Carter - who died Dec. 29, 2024 - was also under fire domestically for his international policies. One of his first treaties as president was to formally cede control of the Panama Canal to the Panamanian government led by dictator Omar Torrijos. The treaty was highly unpopular in the U.S., and barely passed Senate ratification.

Carter also halted B-1 bomber production in 1977. While his 1978 Camp David Peace Accords with Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin would win all three men the Nobel Peace Prize in ensuing years, revolutionary chaos was underway in another Middle Eastern nation, Iran.

On Jan. 16, 1979, the U.S.-supported government of the Shah of Iran fell, with Mohammad Reza Pahlavi fleeing the nation and the exiled Ayatollah Khomeini returning to his homeland.

On March 28, a partial meltdown of the Three Mile Island, Unit 2 reactor on the Susquehanna River near Harrisburg, Pennsylvania, sent panic throughout the nation. Carter’s approval rating as president was low, and on July 3, he cancelled another energy speech and began meetings at Camp David with his staff on the state of his administration.

On July 15, Carter delivered his most famous speech as president, sometimes today referred to as the “malaise speech,” but more famously as “A Crisis of Confidence.”

Two days later, Carter announced a series of sweeping Cabinet and staff changes, but events on the world horizon would eventually doom his presidency.

On August 31, Soviet troops were reported in Cuba; on Oct. 20, Carter made the decision to allow the ailing Shah of Iran to enter the U.S. for medical treatment. On Nov. 4, the American embassy in Teheran, Iran, was overrun; and on Dec. 27, a Soviet invasion of Afghanistan began.

Atlanta News First and Atlanta News First+ provide you with the latest news, headlines and insights as we look at the life and accomplishments of Georgia’s favorite son. Download our Atlanta News First app for the latest political news and information.

Copyright 2023 WANF. All rights reserved.

News Source : https://www.walb.com/2024/12/30/crisis-confidence-president-jimmy-carters-most-famous-speech/

Other Related News

01/01/2025

PALM BEACH Fla AP President-elect Donald Trump said Tuesday that hes planning to attend t...

01/01/2025

ALBANY Ga WALB - Happy 2025 Itll be seasonably cool this afternoon A near freezing cold st...

01/01/2025

CNN - Gas prices are expected to drop in 2025 for the third straight yearGas Buddy expects...

01/01/2025

ATLANTA Ga Atlanta News First - At the dawning of a new year Jimmy Carters grandson reflec...

01/01/2025

PLAINS Ga WALB - Jimmy Carters legacy and impact spans decades From his time in the US Sen...

ShoutoutGive Shoutout
500/500