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Richard M. Nixon. inflation -A general rise in the prices of goods and services. inflation -A general rise in the prices of goods and services. stagflation-A.

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Presentation on theme: "Richard M. Nixon. inflation -A general rise in the prices of goods and services. inflation -A general rise in the prices of goods and services. stagflation-A."— Presentation transcript:

1 Richard M. Nixon

2 inflation -A general rise in the prices of goods and services. inflation -A general rise in the prices of goods and services. stagflation-A combination of rising prices and a sluggish economy. stagflation-A combination of rising prices and a sluggish economy. Name 3 things Nixon did to address these issues: Name 3 things Nixon did to address these issues: 1. Raised interest rates 1. Raised interest rates 2. froze wages and prices 2. froze wages and prices 3. increasing federal spending to stimulate the economy 3. increasing federal spending to stimulate the economy

3 Did these work? No, none of these policies managed to restore the economy No, none of these policies managed to restore the economy

4 Nixon won the election of _1972_, a landslide victory. Nixon won the election of _1972_, a landslide victory. Organization of Petroleum Exporting Countries, also known as OPEC, placed an embargo on all oil shipments to the United States. This led to the US seeking to tap_ oil reserve in Alaska. Organization of Petroleum Exporting Countries, also known as OPEC, placed an embargo on all oil shipments to the United States. This led to the US seeking to tap_ oil reserve in Alaska.

5 WATERGATE: At the Watergate Office/Apartment Complex in Washington D.C. a burglary took place in the headquarters of the Democratice National Committee. (see p ) At the Watergate Office/Apartment Complex in Washington D.C. a burglary took place in the headquarters of the Democratice National Committee. (see p )

6 Why was the burglary committed? plumbers told to install bugs in the DNC offices. Why was the burglary committed? plumbers told to install bugs in the DNC offices. What did the investigation reveal? President Nixon involvement What did the investigation reveal? President Nixon involvement

7 As a result of the investigation, what took place? Nixon resigned as the president of the United States to avoid impeachment. As a result of the investigation, what took place? Nixon resigned as the president of the United States to avoid impeachment. Impeachment – the constitutional provision to remove a president from office Impeachment – the constitutional provision to remove a president from office

8 Nixon Resigns On August 8, 1974, Nixon went on national television to announce his resignation__. On August 8, 1974, Nixon went on national television to announce his resignation__. ***Watergate crisis revealed that the system of checks and balances works. ***Watergate crisis revealed that the system of checks and balances works.

9 May 31, 2005 The Washington Post confirms that W. Mark Felt, a former number-two official at the FBI, was Deep Throat, after Vanity Fair magazine identified the 91-year- old Felt, now a retiree in California, as the long-anonymous Watergate source. The Washington Post confirms that W. Mark Felt, a former number-two official at the FBI, was Deep Throat, after Vanity Fair magazine identified the 91-year- old Felt, now a retiree in California, as the long-anonymous Watergate source.


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