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Unformatted text preview: Decades of Change - 1960-1980 The Rise of cultural and ethnic pluralism Perhaps his biggest domestic problem was the economy. He inherited both a slowdown from its Vietnam peak under Johnson, and a continuing inflationary surge that had been a by-product of the war. He dealt with the first by becoming the first Republican president to endorse deficit spending as a way to stimulate the economy; the second by imposing wage and price controls, a policy in which the Right had no long-term faith, in 1971. In the short run, these decisions stabilized the economy and established favorable conditions for Nixons re-election in 1972. He won an overwhelming victory over peace-minded Democratic Senator George McGovern. Things began to sour very quickly into the presidents second term. Very early on, he faced charges that his re-election committee had managed a break-in at the Watergate...
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This note was uploaded on 12/22/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.
- Fall '10