One of Nixon's most positive actions that likely had a positive influence on the suffering economy was his decision to impose wage and price controls in 1971. These measures were intended to combat inflation and stabilize the economy by limiting the wages and prices that businesses could set. While controversial at the time, these actions were seen as necessary to address the economic challenges facing the country and help prevent further destabilization. Additionally, Nixon's efforts to improve relations with China and the Soviet Union through his foreign policy initiatives may have also had positive impacts on the economy by reducing international tensions and opening up new opportunities for trade and collaboration.
