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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.
Amended the Higher Education Act to indefinitely extend a grant program for Historically Black Graduate or Professional Schools. Pub. L. 104–141 (text) 1997 Individuals with Disabilities Education Act Amendments of 1997 Pub. L. 105–17 (text) 1997 Balanced Budget Act of 1997: Included a provision that repealed the Smith–Hughes Act.
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] William Rehnquist is confirmed to the United States Supreme Court by a Senate vote of 68 to 26. [15] December 11 – United States Deputy Secretary of Defense David Packard resigns. [16]
The Marland report, officially Education of the Gifted and Talented: Report to Congress, is a 1972 report to the Congress of the United States by Sidney P. Marland Jr., which contains a widely known definition of giftedness of children. It is the first national report on gifted education. One of its most compelling major findings was:
August 7 – Apollo 15 returns to Earth. August 11 – Construction begins on the Louisiana Superdome in New Orleans. August 15 – President Richard Nixon announces that the United States will no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system. He also imposes a 90-day freeze on wages, prices and rents.
President Biden took a departing jab at Trump, saying that what the president-elect did was a "genuine threat to democracy.". Ahead of the anniversary of the Jan. 6, 2021, riot at the U.S. Capitol ...
August 2, 1971 163 11614 Establishing the National Business Council for Consumer Affairs August 5, 1971 164 11615: Providing for stabilization of prices, rents, wages, and salaries August 15, 1971 165 11616 Amending Executive Order No. 11491, relating to labor-management relations in the Federal service August 26, 1971 166 11617
The passage of the Elementary and Secondary Education Act was contentious at the time, as it represented a major expansion of the federal government's role in education. The act gradually gained support among conservative members of Congress over the following decade, with reauthorization being nearly unanimous in the 1970s. [20]