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The Airline Deregulation Act was signed into law on October 28, 1978. Before this piece of legislature was passed, the Civil Aeronautics Board (CAB) regulated everything from fares to schedules and all domestic air transport. In Congress and other places as well, there became a popular belief that the CAB was haulting growth and carrying out inefficient practices. Jimmy Carter proposed this legislation in aim of removing government control and opening the deregulated passenger aim transport industry to market forces. These changes were carried out very rapidly and since 1978, nine major airlines and 100 smaller airlines have gone bankrupt.
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Jimmy Carter and the Community reinvestment act?
Just before Jimmy's Community Reinvestment Act (CRA) came the Equal Credit Opportunity Act signed by Gerald Ford, pretaining to crediting and investing, the name says it all. Then directly leading to what's behind the economic crisis facing our nation right now, is not the banks. It all started in Carter's administration when he readily signed the Community Reinvestment Act in 1977. This act FORCED banks to lower standards for making riskier loans to risky investors. Then came in Bill Clinton's administration that further degraded the banks standards, which allowed for even more risky investments. It just so happens that the bulk speculating came out across on the housing market.
What did President Jimmy Carter do for the environment?
President Carter attempted to solve the energy crisis by establishing the National Energy Act.
What did Jimmy Carter accomplish?
Best Known As: 39th President of the U.S., 1977-81For the source and more detailed information concerning this subject, click on the related links section below this answer box.
President carter ordered a military mission in response to?
the iranian hostage crisis
What issue was involved in both the firing of general Douglas MacArthur in 1951 and the passage of the war power act of 1973?
the president's authority as commander in chief
