Shakespeare's Theatre (place)
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In [Civilization] and [Civilization II], Shakespeare's Theatre is a [Wonder of the World]. Most [veteran] Civ players don't put too much value on it.
The wonder provides one benefit: after it is built, no [citizen] in the city that builds it is ever [unhappy] again. The effect expires in Civilization, but in Civilization II, perhaps because the wonder is so weak, the expiration is taken away. Thus, for the price of 300 resources shield, you get a town that is totally happy forever.
This wonder isn't used very much for the simple reason that it is much cheaper and easier to construct a normal [city improvement], such as a [temple], [cathedral] or [marketplace] to keep people happy, rather then building a wonder of the world to do so. In addition, if a wonder is needed to keep people happy, it should be [Michelangelo's Chapel], which counts as a [cathedral] in every city in your civilization, which effectivly ends unhappiness except in extreme cases.
The one time it is good to build this wonder is if you have already switched to a [republic], and wish to carry on overseas trading. In that case, building this wonder in a coastal town means you can churn out as many [naval unit]s as you need without the city revolting.
Another interesting fact about the [Theatre] is that in both games, for whatever reason, it requires the [civilization advance] of [medicine] to build, leading to the joke "take two aspirin and see [Hamlet] in the morning".