text: The Guild was founded in 1933 in an effort to eliminate exploitation of actors in Hollywood who were being forced into oppressive multi-year contracts with the major movie studios that did not include restrictions on work hours or minimum rest periods , and often had clauses that automatically renewed at the studios ' discretion .
simplified: The Guild was founded in 1933 in an effort to end exploitation of actors in Hollywood who were being forced into oppressive multi-year contracts with the major movie studios that did not include restrictions on work hours or minimum rest periods , and often had clauses that automatically renewed at the studios ' discretion .