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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.

by 1880, germany had more rail lines than great britain and russia.

john maynard keynes developed new economic theories in response to the : b) great depression of the 1930s. his theories are so important that they are known as "keynesianism". in his works he supports the idea of a government with deeper involvement and intervention to end the great depression.