2. Nixon: Conservative Opposed rapid change
Dislike gov’t involvement in economy
Wanted to give more power to states

3. Economy: Stagflation
Inflation was going up
Unemployment was going up

4. Oil Issues
US sent military aid to its ally, Israel, during a war with Egypt and Syria
OPEC (Organization of Petroleum Exporting Countries) responded by cutting off all oil sales to the US

5. Oil Issues Americans faced severe oil shortages Prices went up
Long lines
Factories and schools closed which caused more unemployment

6. Nixon and Foreign Policy
Détente: a policy of easing Cold War tensions

7. Nixon and Foreign Policy
Nixon visits China
Both sides agreed to work together peacefully

8. Nixon and Foreign Policy
1st president to ever visit USSR
Signed SALT I Treaty
Limit the number of ICBMs for 5 years

9. Election of ‘72
Nixon wins, partly because of détente, partly because of his promise that peace was just around the corner in Vietnam

10. During the campaign…
5 men are caught breaking into the Democratic Party campaign headquarters
Leader of this group was also the leader of Nixon’s reelection campaign

12. The cover up…
Workers began destroying documents and paying off those involved
Nixon denied having any involvement with the situation
Nixon’s campaign handed over $500,000 to those involved to keep them quiet

13. Election ‘72 Nixon is reelected in Nov 1972
The public is unaware of his involvement in the Watergate break-in

14. Watergate Trial Begins
In January 1973
Before sentencing, one of the burglars admits he lied under oath and that the White House may have been involved

15. Watergate Trial Begins
Nixon publicly denies any involvement
The Senate begins an investigation

16. Senate Hearings 30 hours of testimony
Witnesses reveal that Nixon was involved
State that Nixon had taped the conservations

17. Around the same time…
VP Spiro Agnew resigns after the public discovers that he had accepted bribes during the time he was VP
Gerald Ford replaces him

18. Saturday Night Massacre
October 20, 1973
Nixon fired Special Archibald Cox and the Attorney General and Deputy Attorney General
Attempt to prevent Cox from getting audio tapes

19. THE TAPES! Nixon eventually agrees to release edited tapes…
Congress and America are ANGRY

20. Impeachment Nixon responds by finally releasing the tapes
They prove that he DID know about the break in and had agreed to obstruct the FBI’s investigation

21. Nixon Resigns
August 8, 1974
Didn’t admit guilt, just said he made “wrong” judgments