Answer:
Richard M. Nixon
Step-by-step explanation:
Richard Nixon administration marked the onset of a period of high inflation and unemployment rate in America. When Nixon took office in January 1969, unemployment was unusually low, about 3.3 percent, but inflation was rising. But by the end of 1970, unemployment rose to to 6 percent. By the middle of 1971, unemployment reached 6.2 percent while inflation raged unchecked. By 1974, inflation climbed to a rate of 12.1 percent with the economy in recession. When Nixon left office, there was rising unemployment and inflation, lengthening gas lines, and a crashing stock market.