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The Economics of Bedford Falls (Part 1 of 3)

Upon it’s initial release in 1946, Frank Capra’s It’s a Wonderful Life was something of a financial flop, failing to reach the break-even point of $6.3 million. Although it was nominated for Best Picture at the Academy Awards, it wasn’t until subsequent decades that it became recognized as one of the greatest Christmas film ever made.*

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The Economics of Bedford Falls (Part 1 of 3)

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