Nixon to the Present. Richard M. Nixon (1969-1974): Republican. July 20, 1969: Apollo 11 with Michael Collins, Buzz Aldrin and Neil Armstrong land on the moon. Visits Communist China and the USSR (1972)
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Stagflation: stagnant economy with increasing inflation (failed to deal with)
Organization of Petroleum Exporting Countries (OPEC): U.S. supported Israel in 1973 Yom Kippur War against its Arab neighbors. OPEC puts oil embargo on U.S. that caused economic recession, inflation, a stagnant economy, unemployment, higher gas prices, gas rationing and the 55 MPH speed limit.