November 12, 1979: With the Iranian hostage crisis underway, President Carter ordered a halt to imports of petroleum from Iran. Carter was advised that the Iranians might be planning attacks against American oil tankers, and ended shipments immediately. The Iranian hostage crisis, which began on Nov. 4, 1979, involved the storming of the American Embassy in Tehran and the seizure of 66 Americans. Thirteen people were released on Nov. 19 and 20. The remaining 53 Americans were held hostage for 444 days, to the very end of Carter's presidency on Jan. 20, 1981. The crisis itself hurt the president's popularity and contributed to his defeat.
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"There is no dignity quite so impressive, and no one independence quite so important, as living within your means." — Calvin Coolidge
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