Remember when Ayn Rand investigated Hollywood? Probably not, but during the 1940s and 1950s, the threat of Communism in the US had people scared. Really scared. As a result, Russian-born author Ayn Rand was tasked with rooting out communism from the film industry.
During the Red Scare, more than 200 movies were investigated for hints of communist propaganda. Rand was put in charge of looking into films, directors, and writers, and she came to conclusions that resulted in censorship and blacklisting professionals.
One of Rand's most surprising conclusions was there was communism in It's A Wonderful Life. Rand - and a slew of other people part of the House Un-American Activities Committee - believed Frank Capra's film about everyman George Bailey was a Trojan horse designed to subliminally convert the America public into comrades.
It's a Wonderful Life, a mainstay around the holidays (although it only mentions Christmas once), was once included on a list of movies the Federal Bureau of Investigation (FBI) thought advanced a specific communist agenda.
The film was based on a story by Philip Van Doren Stern and the screenplay went through several iterations before director Frank Capra acquired the rights. Screenplays by Dalton Trumbo and Clifford Odets were replaced by the written words of Frances Goodrich, Albert Hackett, and Jo Swerling, and Capra released the movie in 1946. Although it was initially supposed to star Cary Grant, it starred James Stewart, Lionel Barrymore, and Donna Reed. The movie was a flop at the box office.
The year it came out, It's a Wonderful Life got unwelcome attention, however, from the FBI. The government, which had been investigating Hollywood since 1942, called it "practically a Soviet production."
It's not clear how much Ayn Rand contributed to the report on the film industry - it was 13,533 pages - but the FBI definitely consulted with her when producing it. When it came to It's A Wonderful Life, the FBI concluded it "was a rather obvious attempt to discredit bankers by casting Lionel Barrymore as a 'scrooge-type' so that he would be the most hated man in the picture."
By making capitalism seem unappealing and unpleasant, the film had to be communist propaganda. The movie could have shown the banker, Mr. Potter, as simply following mandates of the State Banking Examiners when it came to making loans, according to the FBI.
In addition to making bankers look bad, It's A Wonderful Life exposed audiences to issues of class differences by "deliberately maligned the upper class, attempting to show the people who had money were mean and despicable characters."
That wasn't all. By showing the main character, George Bailey (played by James Stewart) as a sympathetic "everyman," the film made a "subtle attempt to magnify the problems of the so-called 'common man' in society."
An additional keen observation by the FBI involved a Russian movie from the 1930s called The Letter. The Letter had been released over a decade earlier and briefly made its way to the United States.
The plot involved a old, sympathetic inebriated man who takes a multi-day trip to the bank to ask for a letter of credit to pay his debts. On his way home, he loses the funds the bank gave him. The man takes his own life, only to have the letter returned to his wife some time later. The old man in The Letter was just like the old man in It's a Wonderful Life, Uncle Billy (played by Thomas Mitchell), who was unable to repay his debts as well.