George appeals to Potter for a loan, offering his life insurance policy as collateral. Fruitlessly retracing Billy's steps, George berates him and takes out his frustration on Mary and their children. With a bank examiner reviewing the company's records, George realizes scandal and criminal charges will follow. Potter finds and keeps the money, while Billy cannot recall how he misplaced it. He taunts Potter with a newspaper headline about Harry, then absentmindedly wraps the cash in Potter's newspaper. Billy goes to Potter's bank to deposit $8,000 of the Building and Loan's money. Navy fighter pilot, was awarded the Medal of Honor for preventing a kamikaze attack on a troop transport. On Christmas Eve 1945, the town prepares a hero's welcome for Harry who, as a U.S. Potter entices George with a $20,000/year job but, realizing that Potter's true intention is to close the Building and Loan, George rebuffs him. Under George, the company establishes Bailey Park, a housing development surpassing Potter's overpriced slums. They witness a run on the bank and use their honeymoon savings to keep the Building and Loan solvent. George and Mary rekindle their relationship and wed. Harry returns from college married and with a job offer from his father-in-law, and George resigns himself to running the Building and Loan. George acquiesces and works alongside his uncle Billy, giving his tuition to Harry with the understanding that Harry will run the business when he graduates. Avaricious board member Henry Potter, who controls most of the town, seeks to dissolve it, but the board votes to keep the Building and Loan open if George runs it. When his father dies suddenly, George postpones his travel to settle the family business, Bailey Brothers Building and Loan. He is reintroduced to Mary Hatch, who has been enamored with him since childhood. In 1928, George plans a world tour before college. Gower, from accidentally poisoning a customer's prescription. George later prevents the pharmacist, Mr. He watches 12-year-old George rescue his younger brother Harry from drowning, leaving George deaf in his left ear. Clarence is shown flashbacks of George's life. The prayers of his family and friends reach Heaven, where guardian angel second class Clarence Odbody is assigned to save George in order to earn his wings. On Christmas Eve 1945, in Bedford Falls, New York, George Bailey contemplates suicide. In 1990, It's a Wonderful Life was designated as "culturally, historically or aesthetically significant" and added to the National Film Registry of the Library of Congress. Capra revealed that it was his favorite among the films he directed and that he screened it for his family every Christmas season. 1 on its list of the most inspirational American films of all time. 20 on its 2007 greatest movie list, and No. 11 on the American Film Institute's 1998 greatest movie list, No. It was nominated for five Academy Awards, including Best Picture, and has been recognized by the American Film Institute as one of the 100 best American films ever made. It's a Wonderful Life is considered to be one of the greatest films of all time and among the best Christmas films. Although It's a Wonderful Life initially received mixed reviews and was unsuccessful at the box office, it became a Christmas classic after its copyright lapsed in 1974 and it fell into the public domain, which allowed it to be broadcast without licensing or royalty fees. Because of the film's disappointing sales, Capra was seen by some studios as having lost his ability to produce popular, financially successful films. Theatrically, the film's break-even point was $6.3 million, about twice the production cost, a figure it did not come close to achieving on its initial release. Clarence shows George all the lives he touched and what the world would be like if he did not exist. The film stars James Stewart as George Bailey, a man who has given up his personal dreams in order to help others in his community and whose thoughts of suicide on Christmas Eve bring about the intervention of his guardian angel, Clarence Odbody ( Henry Travers). It is based on the short story and booklet The Greatest Gift self-published by Philip Van Doren Stern in 1943, which itself is loosely based on the 1843 Charles Dickens novella A Christmas Carol. It's a Wonderful Life is a 1946 American Christmas fantasy drama film produced and directed by Frank Capra.
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