which of president Nixon's actions likely has the most positive influence on the suffering economy
1 answer
One of President Nixon's actions that likely had the most positive influence on the suffering economy was his decision to take the United States off the gold standard in 1971. This allowed for greater flexibility in monetary policy, leading to lower interest rates and increased economic growth. This decision also helped to stabilize the value of the dollar, making it more competitive in international trade. Overall, this move helped to stimulate the economy and promote economic recovery during a period of economic uncertainty.