the history of hollywood consist of alternating cycles of euphoria and despair of confidence and uncertainty of boom and bust the boom periods hollywood golden ages are characterized not only by profits and artistic successes , but also by active communication between moviemakers and movie goers which reflects shared values on the other hand the but periods are marked by decreased profits a scarcity of masterworks and the absence of communication between filmmakers and their audience historically Hollywood crises have been associated with technological innovations : the coming of sound in the late 1520s brought an end tp the great age of silent film,
the coming of television in the 50s speeded up the decline of the studio system , and the increased popularity of cable television and videorecorders in the late 1970s , marked the end of political Hollywood the brief but very golden age the late 60s and early 70s when films reflacted America concerns with political.