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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.
This is one in a series of 13 Yahoo News interviews with historians about defining moments in presidential leadership. The interviews were conducted by Andrew Romano, Lisa Belkin and Sam Matthews ...
A "full, free, and absolute pardon" Questions dogged Ford right after he took office on Aug. 9, 1974, the morning after Nixon announced he would resign the presidency.. Ford, eager to put Nixon ...
August 2 – Nixon tells his family of his intention to resign from the presidency. [74] President Nixon's lawyers surrender an additional 13 tapes of Watergate conversations to District Judge John Sirica. [75] August 4 – President Nixon meets with aides and speechwriters at Camp David. [76]
On August 8, 1974, Richard Nixon, the 37th President of the United States, announced his resignation. In a television address from the Oval Office, Nixon said: %shareLinks-quote="By taking this ...
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]