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Bank Night
Bank Night was a lottery game franchise in the United States during the Great Depression. It was invented and marketed by Charles U. Yaeger, a former booking agent for 20th Century Fox. In 1936, Bank Night was played at 5,000 of America's 15,000 active theaters, and copies of it were played at countless more. The popularity of Bank Night and similar schemes contributed to the resiliency of the film industry during the Great Depression more than any other single business tactic. Operation Bank Night was run as a franchise which was leased to theaters for from $5 to $50 a week, depending on their size. The payment entitled the owner to run an event called Bank Night, and each owner was given a film reel with a Bank Night trailer, as well as a registration book and equipment to draw numbers to pick winners. Anyone could enter his or her name in a book kept by the theater manager, and on Bank Night, a name would be drawn at random. The person selected must reach the stage within a se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
