Hailed by many critics and movie lovers as a “timeless classic” — and ranking first on the American Film Institute’s list of the 100 most inspiring films of all time — It’s a Wonderful Life (1946) has found a secure place in the hearts of audiences.

The story revolves around George Bailey, who sacrifices his personal dreams to support the small community of Bedford Falls. When a financial crisis pushes him to the brink of despair, an angel intervenes and reveals what the town’s life would look like had George never been born.

George is confronted with an alternative reality in what the film frames as a foil city, Pottersville. There, he rediscovers the value of his contributions and returns to Bedford Falls renewed, to what some viewers regard as an outpouring of communal generosity and small-town virtue.

Yet part of the film’s appeal can be attributed to its existential themes about the meaning of life.

The movie’s soundtrack — including contributions by Hollywood composer Dimitri Tiomkin — plays a central role in It’s a Wonderful Life, underscoring problems and tensions beneath the surface. Some depictions of music and sound beg analysis around how these reflect racist ideas about “proper” musical, social and community norms.

The film began its life as a short story called The Greatest Gift (1939). Film studio RKO bought the story in 1944 and sold it to director Frank Capra’s new company, Liberty Films, in 1945.

A team of writers — including Capra himself — rewrote the script and set to work on getting Jimmy Stewart, earlier cast in two of Capra’s pre-war films, to star.

Just back from serving in the Second World War, Stewart was reluctant, not least because of what was then known as shellshock and is now called post-traumatic stress disorder from his wartime........

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