Title: President Richard M. Nixon's Economic Policies
Headings: President Richard M. Nixon's Economic Policies
President Richard M. Nixon's Economic Policies
How Nixon Destroyed the Dollar
Nixon's Policies Hurt the Dollar
Balance of Payments Deficit
Nixon's Focus on Re-election Changed the World Forever
Four-Month Import Tax
Nixon Then Created the 1973-1975 Recession
Nixon's Other Economic Impacts
Nixon Doctrine
Watergate
Nixon's Early Years
Nixon Presidency by Year
Other Presidents' Economic Policies
Article Sources

Content: That move bypassed America's free-market economy. Even worse, Nixon ended the gold standard that tied the dollar's value to gold. This move created a decade of stagflation. It was only cured by double-digit interest rates, causing the devastating 1981 recession. Ending the gold standard permitted the U.S. government to print dollars to solve every economic woe. That ensured the dollar's value would fall indefinitely. How did that happen? Balance of Payments Deficit
In 1968, President Johnson's spending on the Vietnam War and the Great Society boosted economic growth to 4.9%. 3 ﻿ But it sent inflation to a disturbing 4.7%. 4 ﻿ As Americans prospered, they imported more goods, paying in dollars.