The progress in film and media through videos brought social and cultural changes as well as economic progression. The roles that opened up for women gave them the an outlet to gain social status that was not readily available before the film industry became so successful. The ability for women to become famous through movies changed their social standing for the better. This industry was one that moved women towards the social power that was previously help by men.
In addition to the social progression, the movie industry became incredibly beneficial to the American economy. With such popularity, the theater and movie companies were in better financial standings. As explained in the New-York tribune newspaper, the "Actors' Fund Memorial Day Performance" augmented the receipts from matinées of the show and donated the money to the fund, illustrating the fiscal success of this industry. In addition with Hollywood becoming an international player in movie production, the United States was gaining economically through tourism and global interest in American movies.
A photo of the newspaper written about the Actors' Fund Memorial Day
The movie industry was part of what "gassed" the 1920's and accelerated progress in the 1920's. The exponential growth of the movie industry seen in the 1920's both reflected and shaped the culture. Despite the many regressions that took place in the 1920's both socially with organization like the KKK, the lighthearted movies that were produced, provided positive reforms to the social hierarchy as well as the American economy.