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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).
January 28 – First Lady Pat Nixon denies reports that President Nixon has been recently experiencing sleeping problems during an appearance in the state dining room of the White House. [24] President Nixon sends a special message to Congress in which he requests US$13.6 billion for veteran benefits for the following fiscal year.
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. [56]
But trust in America's institutions has plummeted on both sides of the aisle since Nixon was in office. Read more: Richard Nixon resigned 50 years ago. The political world has never been the same.
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.
January 2 – The White House releases the text of a message sent to Congress by President Nixon the previous day alongside his vetoing of a bill raising the pay for roughly 850,000 federal workers. [2] January 22 – President Nixon delivers the 1971 State of the Union Address to a joint session of Congress. [citation needed]
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