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Interesting US History
A Website Devoted to Interesting Events in U.S. History

 

 
 

 

ON THIS DAY IN UNITED STATES HISTORY

November 14, 1979

President Jimmy Carter Freezes
All Iranian Assets in the U.S.

On this day in 1979, President Jimmy Carter froze all Iranian assets in the U.S. in response to the storming of the U.S. Embassy by an estimated 3,000 extremists resulting in 66 U.S. diplomats being taken hostage.

Some of the hostages were released throughout the next several months, however 52 were held for 444 days. They were finally released January 20, 1981, just minutes after Ronald Reagan was sworn in as the new president of the United States.