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v. t. e. 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 Richard Nixon. Nixonomics, a portmanteau of the words "Nixon" and "economics", refers either to the performance of the U.S. economy under U.S. President Richard Nixon [1] (i.e. the expansions in 1969 and from 1970 to 1973 during the broader Post–World War II economic expansion and the recessions from 1969 to 1970 and from 1973 to 1975) or the Nixon administration's economic policies.
President Richard Nixon's order for the NSSM 200. Under the administration of President Richard Nixon during the Cold War, his government adopted an agenda of enforcing human population control in order to prevent the global spread of communism and, under the advice of major general William Henry Draper Jr., supported the creation of the United Nations Population Fund (UNFPA) in order to ...
The Economic Stabilization Act of 1970 (Title II of Pub. L. Tooltip Public Law (United States) 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the ...
List of executive actions by Richard Nixon. There are various kinds of executive actions that United States presidents may take. Executive orders are issued to help officers and agencies of the executive branch manage the operations within the federal government itself. [ 1 ] Presidential memoranda are closely related, and have the force of law ...
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.
The war on poverty is the unofficial name for legislation first introduced by United States President Lyndon B. Johnson during his State of the Union Address on January 8, 1964. This legislation was proposed by Johnson in response to a national poverty rate of around nineteen percent. The speech led the United States Congress to pass the ...
The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank ...