1. The problem is to evaluate the expression $1^0$. 2. The general rule for exponents states that any nonzero number raised to the power of 0 is equal to 1. 3. This is because $a^0 = \frac{a^n}{a^n} = 1$ for any $a \neq 0$ and any integer $n$. 4. Applying this rule to $1^0$, since 1 is nonzero, we have $1^0 = 1$. 5. Therefore, the value of $1^0$ is 1.