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Lyndon B. Johnson And The Watergate Scandal

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Lyndon B Johnson was a horrible president. He started a war that split the country in half. People who lived through President Johnson’s years remember him badly. But then – there was Nixon, who not only was as bad as Johnson, he was actually worse. President Richard Nixon was the 37th president whose term lasted from 1969 to 1974. Nixon was doomed to almost certain impeachment. With the threat of impeachment looming over his head, he resigned on August 9, 1974. Several of President Nixon’s actions such as the Watergate scandal, violation of international law, and attempt at wage and price controls made Lyndon Johnson look like a saint in comparison.
Before the summer of 1972, the word “Watergate” meant nothing more than an office and luxurious apartment complex in Washington, D.C. A curious crime, two young reporters, and a secret source known as “Deep Throat” …show more content…

This was the first time the United States government enacted the wage and price controls since World War II. The prelude to Nixon’s actions was that the inflation had become a serious problem. Lyndon Johnson imposed a 10% income tax surcharge in 1968 to soak up purchasing power, but this had no effect on inflation whatsoever (capitalgainsandgames.com). Nixon desperately needed to keep inflation bottled up until after the election. Although the wage and price controls undoubtedly helped Nixon politically to win the reelection to the office, they also undermined the long term viability of the American market. Nixon’s act launched United States economy into a decade of unprecedented turbulence, punctuated by episodes of hyperinflation, shortages, high interest rates and stagnation. There was no other Presidential pronouncement since then that has so radically reordered the economic agenda both domestically and

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