the history of hollywood consists of alternating cycles of euphoria and despair,of confidence and uncertainty,of boom and bust. the boom periods,Hollywood's "golden ages" ,are chara
cterized not only by profits and artistic successes,but also by active communication between moviemakers and moviegoers which reflects shared values. On the otherhand, the bust periods are maked by decreased profits, a scarcity of masterworks, and the absence of communication between filmmaker and their audience. historically,Hollywood crises have been associated with technological innovations :the coming fo sound in the late 1520s brought an end to 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 1970, marked the end of political Hollywood. the brief but very gloden age the late 60s and early 70s when films reflected American concerns with political.