Ch. 41 Term Sheet1. Jimmy Carter: President of the United States who was a peanut farmer and former governor of Georgia, he defeated Gerald Ford in 1976. As President, he arranged the Camp David Accords between Egypt and Israel in 1978 but saw hisforeign policy legacy tarnished by the Iranian Revolution and hostage crisis in 1979. Domestically, he tried to rally the American spiritin the face of economic decline, but was unable to stop the rapid increase in inflation. After leaving the presidency, he achieved widespread respect as an elder statesman and won the Nobel Peace Prize in 2002.2. Edward Kennedy:The liberal wing of the party found its champion in Senator Edward Kennedy of Massachusetts, the last survivor of the assassin-plagued Kennedy brothers. He and Carter slugged it out in a series of bruising primary elections,while delighted Republicans decorously proceeded to name Reagan their presidential nominee. In the end Kennedy’s candidacy fell victim to the country’s conservative mood and to lingering suspicions about a 1969 automobile accident on Chappaquiddick Island, Massachusetts, in which a young woman assistant was drowned when Kennedy’s car plunged off a bridge. 3. Ronald Reagan: first elected president in 1980 and elected again in 1984. He ran on a campaign basedon the common man and "populist" ideas. He served as governor of California from 1966-1974, and he participated in the McCarthy Communist scare. Iran released hostages on his Inauguration Day in 1980. While president, he developed Reagannomics, the trickle down effect of government incentives. He cut out many welfare and public works programs. He used the Strategic Defense Initiative to avoid conflict. His meetings with Gorbachev were the first steps to ending the Cold War. He was also responsible for the Iran-contra Affair which bought hostages with guns.4. John Anderson:On Election Day the Republican rang up a spectacular victory, bagging over 51 percent of the popular vote, while 41 percent went to Carter and 7 percent to moderate independent candidate John Anderson. The electoral count stood at 489 for Reagan and 49 for Carter. (Anderson failed to gain a single electoral vote.) 5. James Watt: Reagan assembled a conservative cabinet of the “best and the rightest”. The cabinet included a highly controversial Coloradan, James Watt, as secretary of the interior. Watt was a product of the “Sagebrush Rebellion,” an anti Washington movement that had sprung up to protest federal control over the rich mineral and timber resources in the western states. Environmentalists howled about Watt’s schemes to hobble the Environmental Protection Agency and to permit oil drilling in scenic places. They succeeded in halting Watt’s plan to allow oil exploration off the California coastline. Watt rebuffed critics by saying, “I make lots of mistakes because I make lots of decisions.” He made one mistake too many in 1983, when he thoughtlesslytold an offensive ethnic joke in public and was forced to resign.