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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).
December 29 – The White House announces President Nixon will make progression on a tax reform bill that also increases Social Security benefits by 15% before leaving for a vacation in California. [191] December 30 – President Nixon signs a tax reform bill into law, critiquing measures of the bill in an accompanying statement. [192]
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.
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]
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The Watergate scandal refers to the burglary and illegal wiretapping of the headquarters of the Democratic National Committee, in the Watergate complex by members of President Richard Nixon's re-election campaign, and the subsequent cover-up of the break-in resulting in Nixon's resignation on August 9, 1974, as well as other abuses of power by the Nixon White House that were discovered during ...