We’re farmers and borrow large amounts of money, interest rates were 19% under Carter. Just one of the times we almost went broke.
I remember those day. Sad.
Most Americans had absolutely no idea why farmers were struggling though. They really didn't.
They also did not grasp that Carter's prohibition to sell wheat to the Soviet Union in 1980 caused massive surpluses that went to waste.
They did enjoy watching Willie Nelson and Neil Young singing at "Farm Aid" in the 1980s, though.