Its_A_Wonderful_Life_And_Economics

Its A Wonderful Life And Economics It’s a Wonderful Life It’s a Wonderful Life is a classic film that depicts the best of times during the early 20th century as well as the worst of times. The film starts out in the town of Bedford Falls, where prior to the Great Depression there had been great expansion especially in the financial market. It continues on to show the life of George Bailey from his childhood to his adult years and how the Banking and Monetary Policies of that time affected not only his life but the lives of others throughout the town. This type of fractional reserve banking is shown throughout the movie, except the only problem is the public did not realize how George Bailey’s (Main Character) Building and Loan worked. It was the 1920’s and all seemed to be going well. Many people were earning an abundance of money and were investing in stocks, bonds, and banks (financial intermediates) like no other time in history. With the growth and expansion brought about growth in banks or building and loans as well. More and more people were investing there newly earned money in banks around the country. These banks then took their household savings which were deposited money, people, george, banks, system, building, banking, out, local, time, reserves, reserve, problem, loan, bank, bonds, town, movie, life, film, community, wonderful, throughout, show, realize, prosperity, new, mr, loans, however, great, go, fractional, financial, expansion, during