Richard Nixon is largely known for his legal troubles while in office, but he did other things as well to help the economy.
1. What economic issues was Nixon able to solve? Provide reasons for why or how he solved this. Use at least two sentences in your response.
2. Provide at least three sentences on Watergate and how this affected his Presidency.
1. Nixon was able to address the issue of inflation during his presidency by implementing wage and price controls in an effort to stabilize the economy. Additionally, he ended the Bretton Woods system and took the United States off the gold standard to help adjust currency values and restore economic stability.
2. Watergate refers to the series of scandals and abuses of power that occurred during Nixon's presidency, culminating in the break-in at the Democratic National Committee headquarters at the Watergate complex. This scandal eventually led to Nixon's resignation in 1974, making him the first and only U.S. president to resign from office. Watergate eroded public trust in the government and raised questions about the limits of executive power.