1952 Oscar Best Cinematography Black and White
This was Elizabeth Taylor's first dramatic role as a grown-up actor. She was 17 and while she doesn't have the gravity to match Montgomery Clift, their star power is a big part of the film's legend. Partly because they look so magnificent. Taylor's pristine beauty made her perfect casting as the rich dreamgirl that Monty's penniless outsider aspires to marry.
Clift is a poor relation who gets a job on the shop floor of his wealthy uncle's factory. The money that he aspires to is beyond his reach, so he dates a girl from the production line (Shelley Winters) and gets her pregnant... just as it appears a rich bombshell (Taylor) is in love with him. So, he can stand by his rainy day girl...
...Or he could get rid of her in a boating accident and marry the wealthy, lovely debutante... There's a lot of film noir in the story, but George Stevens' film seems to consciously steer away from the laws of noir. This is a prestigious studio production with A list stars and is framed as straight drama. Unfortunately this approach is sometimes ponderous.
It was made at an unfortunate time: censorship prohibited much of the impiety in Theodore Dreiser's great American novel, and McCarthyism kicked its critique of capitalism into touch. It won six Oscars, but no longer feels like a landmark. What remains is a signature performance from Clift and a star making role for Taylor, and they do make screen magic together.