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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 15th August 1971 in response to increasing inflation.
President Nixon addresses the Parliament of Canada, 1972 The United States was by far Canada's largest market. The Canadian economy became dependent on smooth trade flows with the United States so much that in 1971 when the United States enacted the " Nixon Shock " economic policies (including a 10% tariff on all imports) it put the Canadian ...
v. t. e. The 1972 visit by United States president Richard Nixon to the People's Republic of China was an important strategic and diplomatic overture that marked the culmination of the Nixon administration 's establishment of relations between the United States of America and the People's Republic of China after years of American diplomatic ...
The Joint Communiqué of the United States of America and the People's Republic of China, also known as the Shanghai Communiqué (1972), was a diplomatic document issued by the United States of America and the People's Republic of China on February 27, 1972, on the last evening of President Richard Nixon 's visit to China. [1][2][3]
United States presidential visits to Canada. There have been 41 United States presidential visits to Canada by 14 presidents over the past century. As the U.S. president is both head of state and head of government, these visits have taken many forms, ranging from formal state visits to official visits, working visits, or private visits (or, as ...
The world price, which had peaked during the 1979 energy crisis at nearly $40 per barrel, decreased during the 1980s to less than $10 per barrel. Adjusted for inflation, oil briefly fell back to pre-1973 levels. This "sale" price was a windfall for oil-importing nations, both developing and developed.
The phrase " Nixon goes to China ", " Nixon to China ", or " Nixon in China " [1] is a historical reference to U.S. President Richard Nixon 's 1972 visit to the People's Republic of China, where he met with Chinese Communist Party Chairman Mao Zedong. Its basic import is that Nixon's well-established reputation as an anti-Communist "hawk" gave ...
Nixon. Richard Nixon 's tenure as the 37th president of the United States began with his first inauguration on January 20, 1969, and ended when he resigned on August 9, 1974, in the face of almost certain impeachment and removal from office, the only U.S. president ever to do so.