The presidency of Richard Nixon began at noon EST on January 20, 1969, when Richard Nixon was inaugurated as 37th President of the United States, and ended on August 9, 1974, when he resigned in the face of almost certain impeachment and removal from office, the only U.S. president ever to do so. Nixon took office after the 1968 presidential election, in which he defeated incumbent Vice President Hubert Humphrey. Although Nixon had built his reputation as a. When Nixon took office in January 1969, the inflation rate had reached 4.7%, the highest rate since the Korean War. Johnson's Great Society programs and the Vietnam War effort had resulted in large budget deficits. There was little unemployment, but interest rates were at their highest in a century.
inflation rate had reached 4.7%, the highest rate 4.7%,
inflation rate had reached 4.7%, the highest rate 4.7%,