harding's opponent in the 1920 election was ohio governor and newspaperman james m. cox, who had won the democratic nomination in a 44-ballot convention battle. harding rejected the progressive ideology of the wilson administration in favor of the laissez-faire approach of the mckinley administration.
one of the negative side effects were the economic losses the events of september 11th caused. many, many people lost their jobs as a result of a downturn in the economy after the terrorist attacks.
the hollywood film industry of 1950 was threatened on several different fronts. television broadcasting was rapidly becoming the dominant entertainment medium in the united states. the paramount anti-trust consent decree requiring separate ownership for production companies and theater chains had gone into effect on 1 january 1950. large numbers of young men and women were marrying, having children, and moving to the suburbs, which affected the viability of downtown first-run movie theaters. foreign revenues were endangered by protectionist tactics including quota systems, high taxes, and blocked funds. finally, the morality and patriotism of hollywood films and filmmakers were under attack from government, religious, and citizens' groups.
"globalization has greatly impacted the united states and american citizens. first and foremost, globalization has spread american influence throughout the world. globalization has opened up more markets for the united states, which in effect american companies sell their products worldwide. there has been a rise of multinational corporations and their influence has greatly increased."