Although Republicans traditionally aimed for a balanced budget, Nixon began to consider deficit spending, or spending more money in a year than the government receives in revenues.
In response, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo, or ban, on the shipping of oil to the United States.
Nixon and Kissinger's greatest accomplishment was in bringing about détente, or a relaxation in tensions, between the United States and the world's two Communist giants.
After the "Saturday Night Massacre," Congress had begun the process to help them determine if they should impeach the President—to charge him with misconduct while in office.
a written agreement between two states or sovereigns
On another foreign policy front, President Ford signed the Helsinki Accords, a series of agreements on European security made at a 1975 summit in Finland.
Americans held a nationwide birthday party to mark July 4, 1976, the bicentennial, the 200th anniversary of the approval of the Declaration of Independence.
The Soviets were especially annoyed when the President spoke in support of Soviet dissidents—writers and other activists who criticized the actions of their government.
Created on Wed Jul 28 10:04:10 EDT 2021
(updated Fri Jul 30 09:31:06 EDT 2021)
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