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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).
The following is a timeline of the presidency of Richard Nixon from January 1, 1974, to 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).
This made Nixon the first and, as of 2025, only person to be inaugurated four times as both president and vice president. Chief Justice Warren E. Burger administered both the presidential and vice presidential oaths of office. [1] During the ceremony, Look With Pride On Our Flag, a song dedicated to President Nixon and composed by Hank Fort ...
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]