James Earl "Jimmy" Carter, Jr. (born October 1, 1924) is an American politician and author who served as the 39th President of the United States from 1977 to 1981. He was awarded the 2002 Nobel Peace Prize for his work with the Carter Centre. He was elected President defeating incumbent President Ford. On his second day in office, Carter pardoned all evaders of the Vietnam War drafts. On the economic front he confronted persistent "stagflation", a combination of high inflation, high unemployment and slow growth. The end of his presidential tenure was marked by the 1979-1981 Iran hostage crisis, the 1979 energy crisis, the Three Mile Island nuclear accident, and the Soviet invasion of Afghanistan. In response to the Soviet move he ended detente, escalated the Cold War, and led the international boycott of the 1980 Summer Olympics in Moscow. In this year he lost the general election in an electoral landslide to Republican nominee Ronald Reagan.