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The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation. [1] [2]
After Nixon's resignation, the federal government took control of all of his presidential records, including the tapes, under the Presidential Recordings and Materials Preservation Act of 1974. From the time that the federal government seized his records until his death, Nixon was locked in frequent legal battles over control of the tapes.
President Richard Nixon. Nixonomics, a portmanteau of the words "Nixon" and "economics", refers either to the performance of the U.S. economy under U.S. President Richard Nixon [1] (i.e. the expansions in 1969 and from 1970 to 1973 during the broader Post–World War II economic expansion and the recessions from 1969 to 1970 and from 1973 to 1975) or the Nixon administration's economic policies.
March 19 – President Nixon announces the Arab oil embargo lifting during a session to the National Association of Broadcasters. [ 47 ] March 21 – Secretary of State Kissinger says the following week's Moscow trip is coming amidst a challenging time for American relations with the Soviets during a press conference. [ 48 ]
President Obama on Wednesday appeared to raise the possibility that the administration would release oil from the nation's strategic petroleum reserve to provide relief to Americans grappling with ...
On August 5, 1974, several of President Richard Nixon's recorded-on-audiotape Oval Office conversations were released. One of them, which was described as the "smoking gun" tape, was recorded soon after the Watergate break-in, and demonstrated that Richard Nixon had been told of the White House connection to the Watergate burglaries soon after they took place, and approved a plan to thwart the ...
The Biden administration has since begun refilling the oil reserve, which had more than 367 million barrels of crude oil as of last week. The total is lower than levels before the Russia-Ukraine ...
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.