On October 24 of , otherwise known as Black Thursday, a record 12,, shares were traded. Investment companies went into scramble as they tried to balance the market. By then, around 16,, shares were traded in the New York Stock Exchange. Billions of dollars were lost and many citizens jobs were affected from the collapse. Henry called in a private army called the Plinkertons what during the time was larger than most state militias.
Witnesses testified that the president approved plans to involve the administration in this break-in and that the Oval Office had a voice-activated tapping system. The Watergate scandal has changed American politics forever, causing many Americans to question their leaders and think more critically about becoming president. In , several major revelations against the investigation and serious presidential action prompted the House to initiate impeachment proceedings against Nixon. The U.
He married a woman named Eliza McCardle and had 5 children. However, after he grew up and became a senator, he went on to become the 17th president we know as Andrew Johnson. Andrew Johnson was appointed to become the president after Abe Lincoln got shot.
How did journalists provide the public with news about Watergate and congressional hearings on President Richard Nixon? Richard M. Nixon was a sitting US president seeking reelection when, on June 17, , in what seemed at the time to be a minor, unrelated incident, burglars broke into the Democratic National Committee headquarters at the Watergate complex in Washington, DC. As it turned out, this was no ordinary break-in. Washington Post reporters Carl Bernstein and Bob Woodward would investigate the matter over the next few years.
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