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Hollywood Is Falling Essay

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Hollywood is Falling
In 1946, Hollywood reached its highest attendance peak and was having one of its most successful years. The silver screen was growing in numbers, sales, and was reaching a multitude of cinematic achievements. They were at the top of the film industry and they believed they were indestructible. Unbeknown to them, Hollywood was going to face some major issues that would result in their untimely downfall.
Hollywood, after World War II, had high hopes that their business would blossom even further once the doors opened in the foreign market trade. Hollywood was dominating the nation and they believed their films would soon dominate the world. However, their calculations were off and they did not take into account that foreign cinemas were in serious trouble. In other countries, the cinemas had to shut down or many were destroyed in the war. The foreign film market was slowly rebuilding itself and was focused on financially stabilizing its business. Then, when American movies started pouring into their countries, the foreign cinemas had to place tariffs and restrictions on box office revenues being sent to America. And they even had to place quotas on the amount of American films shown in foreign theaters. This caused Hollywood to take a major hit financially. There were little to no profits earned from the foreign market and Hollywood began to slowly decline. Overseas markets may have punched the gut of Hollywood, but it was nothing compared to the

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