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Between Nixon's accession to office and his resignation in August 1974, unemployment rates had risen from 3.5% to 5.6%, and the rate of inflation had grown from 4.7% to 8.7%. [64] Observers coined a new term for the undesirable combination of unemployment and inflation: "stagflation", a phenomenon that would worsen after Nixon left office. [66]
The presidency of Richard Nixon began on January 20, 1969, when Richard Nixon was inaugurated as the 37th president of the United States, and ended on August 9, 1974, when, in the face of almost certain impeachment and removal from office, he resigned the presidency (the first U.S. president ever to do so).
Nixon announces his choice of Donald Johnson as the new head of the Veterans administration, introducing him in front of the Newporter inn's temporary office close to Newport Beach. [ 55 ] June 6 – President Nixon orders $500,000 to the state of Illinois after damages caused to the state by a spring flood.
Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was the 37th president of the United States, serving from 1969 until his resignation in 1974. A member of the Republican Party, he previously served as a representative and senator from California and as the 36th vice president from 1953 to 1961 under President Dwight D. Eisenhower.
October 2 – President Nixon delivers an address at Barajas Airport [74] and receives the key to the city of Madrid [75] during the afternoon. October 3 – President Nixon gives a speech on leaving Spain as well as both the historic and personal value of traveling there at the Barajas Airport during the morning. [76]
Presidents Johnson and Nixon Four vice presidents were present at the inauguration. From left to right: outgoing president Lyndon B. Johnson (the 37th vice president), incoming president Richard Nixon (36th), Senate minority leader Everett Dirksen who was administering the oath of office to 39th vice president Spiro Agnew, and the outgoing vice president Hubert Humphrey (38th).
Nixon had become president-elect once the election results became clear on November 6, 1968, the day after the election. [1] This was the first presidential transition to take place following the passage of the Presidential Transition Act of 1963. [1]
Congress sends a tax cut bill to President Nixon reducing the taxes on individuals and businesses by US$15.8 billion during the night. [13] December 10 – President Nixon signs a tax bill, cutting consumer and business taxes by 15.8 billion over the following three years, into law. [14]