Richard Nixon, Time cover January 3, 1972, "Man the Year"
Richard Nixon, 1971 by Stanley Glaubach, Newspaper on fabricated form
For Richard Nixon, 1971 was indisputably a watershed year. To combat escalating inflation, he instituted wage and price controls; and to curb the national deficit, his administration devalued the dollar. Nixon also took bold new steps to diffuse the Cold War, withdrawing American forces in Vietnam, conducting arms-limitation talks with the Soviet Union, and opening a diplomatic dialogue with Communist China for the first time in twenty-five years.
In recognition of these accomplishments, Time designated Nixon its 1971 Man of the Year. Glaubach used recent news headlines trumpeting recent presidential actions to emphasize the magazine's rationale.