Let us define
\begin{align}
t_n :=\left(1+\frac{1}{n} \right)^n.
\end{align}
We shall use the identity
\begin{align}
t_n =&\ 1+1+\frac{1}{2!}\left(1-\frac{1}{n}\right)+\frac{1}{3!}\left(1-\frac{1}{n}\right)\left(1-\frac{2}{n}\right)+\ldots\\
&\ +\frac{1}{n!}\left(1-\frac{1}{n}\right)\left(1-\frac{2}{n}\right)\cdots\left(1-\frac{n-1}{n}\right).
\end{align}
Inductive Step: Assume it holds for $n=k$, i.e. $t_{k-1}\leq t_k$. Then observe
\begin{align}
t_{k+1}=&\ 1+1+\frac{1}{2!}\left(1-\frac{1}{k+1}\right)+\frac{1}{3!}\left(1-\frac{1}{k+1}\right)\left(1-\frac{2}{k+1}\right)+\ldots\\
&\ +\frac{1}{k!}\left(1-\frac{1}{k+1}\right)\left(1-\frac{2}{k+1}\right)\cdots\left(1-\frac{k-1}{k+1}\right)\\
&\ +\frac{1}{(k+1)!}\left(1-\frac{1}{k+1}\right)\left(1-\frac{2}{k+1}\right)\cdots\left(1-\frac{k}{k+1}\right)\\
\geq&\ 1+1+\frac{1}{2!}\left(1-\frac{1}{k}\right)+\frac{1}{3!}\left(1-\frac{1}{k}\right)\left(1-\frac{2}{k}\right)+\ldots\\
&\ +\frac{1}{k!}\left(1-\frac{1}{k}\right)\left(1-\frac{2}{k}\right)\cdots\left(1-\frac{k-1}{k}\right)=t_k.
\end{align}
Hence the inductive step holds.
Note: We didn't use the inductive hypothesis.