North American video game crash of 1983
Through the 1970s, many companies, most notably Coleco and Atari released tons of systems. The video game industry became a big thing, and it seemed like video games were the next cool thing. However, soon, companies tried to take advantage. For example, if you mailed to a dog food company, they'd send you a video game. The market was flooded, but the final straw was with the Atari port of Pac-Man and ET: The Extra Terrestrial. They were both bad quality games, and the Pac-Man port itself was just a prototype. Consumers lost confidence in video games, and Atari began to lose money. Most companies left the market, as most experts claimed the market was dead, and nothing more than a fad. The crash was notable for being more bad for the companies, as consumers themselves were happy as most games were much cheaper. The crash would last until 1985, when Nintendo released the Nintendo Entertainment System, which used a VCR look and avoided common terms that video games were typically using, as the packaging of the system never even mentioned the phrase "video game" once. Cartridges were instead called "Game Paks" and the games showed in-game sprites on the covers, to show the arcade-like graphics. This was important, as arcades were not effected by the crash, and became popular again because of the crash.