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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 15 August 1971 in response to increasing inflation.
On June 13, 1970, President Richard Nixon established the President's Commission on Campus unrest, which became known as the Scranton Commission after its chairman, former Pennsylvania governor William Scranton.
President Nixon named William E. Simon as "Energy Czar", and in 1977, a cabinet-level Department of Energy was created, leading to the creation of the United States' Strategic Petroleum Reserve, not a new idea since the government in the 1970s still had a storage facility in the Midwest containing several million pounds of helium, a relic from ...
1970 – The Environmental Protection Agency is created. 1970 – The Occupational Safety and Health Act, or OSHA, is signed into law. 1971 – Singer Jim Morrison dies of a drug overdose at the age of 27. 1971 – President Richard Nixon ends the United States Gold standard monetary policy, known as the Nixon Shock
Ridiculed in the 1970s, Nixon’s claims of “inherent” presidential power — “when the president does it, that means that it is not illegal," he famously told an interviewer — have now ...
Nixon, however, was unwilling to keep funding for the National Aeronautics and Space Administration (NASA) at the high level seen through the 1960s, and rejected NASA Administrator Thomas O. Paine's ambitious plans for the establishment of a permanent base on the Moon by the end of the 1970s and the launch of a crewed expedition to Mars in the ...
The Women's Strike for Equality was a strike which took place in the United States on August 26, 1970. It celebrated the 50th anniversary of the passing of the Nineteenth Amendment , which effectively gave American women the right to vote. [ 1 ]
The National Action Committee (NAC) was established to spur action by the Canadian government to implement recommendations made by the Royal Commission on the Status of Women (1970). Funded in part by the federal government and founded as a wide coalition of women's groups, NAC was seen as the voice of Canadian women.