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The Wonderful Wizard of Oz

allfoak

Alchemist
Actually, the yellow brick road is a metaphor for the gold standard, which leads to the Emerald City (paper money - green, since it's American), where everything looks impressive but is just a hollow facade run by the Wizard of Oz (oz... as in ounces of gold), who himself turns out to be a fraud.

Dorothy - who represents the American common people - is eventually saved by her silver shoes (changed to ruby slippers for the movie), representing a changed to a mixed gold/silver standard, after having met along the way the scarecrow (the American farmers), the tin man (the American manufacturing workers) and the cowardly lion (William Jennings Bryant).

I can't remember who the witches are supposed to represent, but they're allegories to 1890s American politics, too.
I am familiar with this interpretation.
It is the genius of the movie that it can be understood in so many different ways.
 
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