Set in the 1840s, a New England farmer and husband, on the edge of bankruptcy, is successfully tempted by the devil to sell his soul for 7 years of riches. Strangely, a [real-life] orator and politician [Daniel Webster] becomes involved. This is a pleasing restoration, with good-quality visual detail for the time. The music and supernatural special effects won awards at the time. This version restores the episode where the devil points out the longevity of his American credentials; he was there on the first North American-bound slave ships. Daring for the time, and not included for showing in the Southern states! Conventional plot in some ways, and yet - because of the period setting - curiously fascinating in other ways. [For example, the farmer's impregnation of his wife is delicately yet clearly signalled - avoiding censorship by using rural metaphors and a romantically gauzy close-up... Also, if you follow the references to the "Grange" - a farmers' union - you'll see it's set in quiet but noble opposition to the devil's use of greed and rampant individualism. That makes it part of FDR's New Deal ideology, and anti-Reagan before its time.]
The preachy story comes across as wooden. It feels as if this fantasy would have benefitted from the Capra touch.