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Hollywood's Golden Age

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Hollywood’s Golden Age started when major studios had survived the financial crisis of the 1920s, and decided not to be put in that kind of situation by introducing the contract system to all of their employees. This strategy assured that the studios where less likely to be exposed to high risks, and where sometimes more in favor of the studios. With total power over productions the studios where able to keep production costs at a manageable levels, as well as exclusive rights to certain stars of the era. Even thought employees who were part of the contract system enjoyed steady employment, compensation, and other benefits, the studios reserve the right to cancel or void any contract at their discretion sometimes without merit. Everything about

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