1. Richard Nixon
... headed toward inflation and unemployment. So Nixon froze wages and prices, cut federal spending, and announced that the United States would not convert foreign-held dollars to gold. The decline of the dollar compare to other currencies made American goods less expensive. By 1972, recover got better ... and increased their prices. Inflation and unemployment rose again and Nixon went to the US energy reserves, hoping to end its use of foreign oil. Nixon supported both conservationists and the development of at federal expense of a supersonic transport plane, which he thought would mainta...
- Word Count: 1658
- Approx Pages: 7
- Grade Level: High School