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This section contains 16,543 words (approx. 56 pages at 300 words per page) |
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Try Wall Street. That's headquarters for suckers.
BANKER IN On with the Show, RELEASED IN JUNE 1929
The transition to sound straddled a watershed in American economic history. The rush to expand business by heavy borrowing and investing created unprecedented growth. Boom times gave the film industry the money for expansion. The collapse of the banking system in 1929-1930 and the onset of the Depression years tested the mettle of the most sophisticated managers. Most industries were affected; many businesses failed. Motion pictures were no different. During the early 1930s all the studios went through varying degrees of reorganization and retrenchment, and several entered involuntary receivership. The coming of sound and the change in Hollywood's fortunes after the Crash of 1929 are inextricably linked. This chapter will give only brief before-and-after snapshots of Hollywood's transition within a growing, then shrinking, economy and discuss the part that...
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This section contains 16,543 words (approx. 56 pages at 300 words per page) |
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