Nixon did not show the same success in domestic politics. The most important problem was the inflation faced by the domestic policy. Nixon announced a new economic policies will be put into effect in August 1971 in order to get inflation under control. Price and wage envisages monitoring of these policies as well as tightly under convertibility of the US dollar (the convertibility) was forced to stop. Despite the US Dollar and government spending muted tried to be devalued twice, could not get inflation under control and reached the highest level in the budget deficit in US history.
These economic difficulties (especially rising inflation) and growing social unrest in the face of Nixon in the country, the conservative does not want power and confusion now in the street, black and refuses other ethnic minorities to be compromised because of the injustices of the past and the "fight against poverty" opposed to fighting the "silent majority" was based .
Which was signed on December 18, 1971 Alaska Native Claims Settlement Act is one of the most important economic and social events during the period.
