Post-presidency of Jimmy Carter Post-presidency of Jimmy Carter In 1981, following his defeat in the 1980 United States presidential election, former U.S. president Jimmy Carter returned to Georgia to his peanut farm, which he had placed into a blind trust during his presidency to avoid even the appearance of a conflict of interest. He found that the trustees had mismanaged the trust, leaving him more than one million dollars in debt. In the years that followed, he has led an active life, establishing the Carter Center, building his presidential library, teaching at Emory University in Atlanta, and writing numerous books. He has also contributed
USS Jimmy Carter and the only submarine to be named for a living former president. The contract to build "Jimmy Carter" was awarded to the Electric Boat Division of General Dynamics Corporation in Groton, Connecticut, on 29 June 1996, and her keel was laid on 5 December 1998. Original schedules called for "Jimmy Carter" to be commissioned in late 2001 or early 2002, but on 10 December 1999, Electric Boat was awarded a US $887 million extension to the "Jimmy Carter" contract to modify the boat for testing of new submarine systems and highly classified missions previously carried out by . During modification,