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The Economic Stabilization Act of 1970 (Title II of Pub. L. 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 American domestic goods and labor ...
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.
Richard M. Nixon: Republican: 1969–1974 69,439 78,619 ... Real GDP growth rate by president since ... Interest rates had typically risen under Democrats and fallen ...
To find the average yearly inflation rate by U.S. president, ... Nixon: 5.7%. 1969-1974. Inflation was high during most of Nixon's presidency, including 8.7% in 1973 and 12.3% in 1974, the year of ...
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.
Thanks to the 1944 Bretton Woods Agreement, the US dollar became the world’s reserve currency, and President Nixon’s 1973 deal with OPEC to protect Saudi Arabia’s oil fields with US military ...
Establishing the President's Export Council and for other purposes December 20, 1973 303 11754 Modifying rates of interest equalization tax December 26, 1973 304 11755: December 29, 1973 305 11756 Exemption of Whitney Gillilland from mandatory retirement December 30, 1973 306 11757 Exemption of Lawrence Quincy Mumford from mandatory retirement
A bust of former U.S. President Richard Nixon is displayed in the corridor where Senate Minority Leader Chuck Schumer (D-NY) holds his weekly news conference at the U.S. Capitol in Washington, U.S ...