Question

What was the major economic goal for Nixton

Answer 1

Nixon adopted a policy of monetary restraint to cool what his advisers saw as an overheating economy. "Gradualism," as it was called, placed its hopes in restricting the growth of the money supply to rein in the economic boom that occurred during Lyndon Johnson's last year in office.

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Answer 2

Step-by-step explanation:

On August 15, 1971, President Richard M. Nixon announced his New Economic Policy, a program “to create a new prosperity without war.” Known colloquially as the “Nixon shock,” the initiative marked the beginning of the end for the Bretton Woods system of fixed exchange rates established at the end of World War II.