Carter's Rural Development Loans Flashcards
When was Carter elected?
1976
What was his plan?
To help both working + non-working poor w/o raising budget costs
What was set up in 1978?
The National Consumer Cooperative Bank
What did The National Consumer Cooperative Bank do?
Gave low-interest loans to co-operative organisations in urban areas
Why did the NCCB give low-interest loans?
Small local groups struggled raising money to start businesses or buy homes
What was the problem with the NCCB?
Only helped the working poor but not the very poorest
What was set up in 1981?
The Rural Development Loan Fund
What did the RDLF do?
Gave help to farmers via low-interest loans to rural communities
What did the low-interest loans help farmers to do?
To provide electrification, clinics, farm equipment for communal use
What was the problem with the RDLF?
Only helped the working poor only in areas that received grants from the fund
What did Carter try to do in his last 2 years?
Introduced tax cuts to help the economy
What had the public thought of him?
They lost confidence in his administration and his presidency
Why did the public lose faith in Carter?
Became less competent as his term wore on
What had his opponent, Reagan, exploited?
Carter’s unpopularity
How did Reagan exploit this?
Through his political experience as governor of California
What did Reagan offer American people?
Change at a time when American’s desperately wanted it
