Search results
Results From The WOW.Com Content Network
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. [1][2 ...
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 ...
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.
Richard Nixon, who proposed the EPA via Reorganization Plan No. 3. Reorganization Plan No. 3 was a United States presidential directive establishing the Environmental Protection Agency (EPA), effective December 2, 1970. [1] The order, published in the Federal Register on October 6, 1970, consolidated components from different federal agencies ...
t. e. 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.
January 26 – President Nixon vetoes the Senate approved 19.7 billion dollar money bill during a televised appearance in the evening. [24] January 27 – President Nixon meets with Prime Minister of Britain Harold Wilson at the White House. [25] January 28 – The House sustains President Nixon's veto of the money bill.
President Nixon on Aug. 15, 1971 after delivering a nationwide television address on the economy. ... The other planks of Nixon's 1971 plan — new limits on the exchange of dollars for gold and a ...
At the very start of the address, Nixon mourned the death of Senator Richard Russell Jr. [2] The address was known for introducing Nixon's "six great goals", [3]: 52 [4] which would go on to be reiterated in the 1972 State of the Union Address: [3]: 54 Welfare reform, particularly with the proposed Family Assistance Plan