Rebecca wins Academy Award for best picture. The darkest aspects of the Daphne du Maurier novel were cleaned up a little, but the film was popular then and still remains a fan favorite. It's the only Alfred Hitchcock film to take the top Academy Award.

How Green Was My Valley wins Academy Award for best picture. The drama was set in a Welsh mining village, with director John Ford winning one of the film's five Oscars. Even then, many were surprised that the movie beat Orson Welles Citizen Kane, but a Variety reporter at the time attributed that to the 6,000 movie extras who voted on Oscar's top prize: The mob prefers a regular guy to a genius.

Mrs. Miniver wins Academy Award for best picture. The film, about a British family during the early days of World War II, came at just the right time, reassuring Americans that their newish war effort was the right decision.

Painting by Piet Mondrian: Broadway Boogie Woogie was completed in 1943, shortly after Mondrian moved to New York in 1940. Compared to his earlier work, the canvas is divided into a much larger number of squares. Although he spent most of his career creating abstract work, this painting is inspired by clear real-world examples: the city grid of Manhattan, and the Broadway boogie woogie, a type of music Mondrian loved. The painting was bought by the Brazilian sculptor Maria Martins for the price of $800 at the Valentine Gallery in New York City, after Martins and Mondrian both exhibited there in 1943. Martins later donated the painting to the Museum of Modern Art in New York City.

Casablanca wins Academy Award for best picture. The WWII drama represents the studio system at its best, where all the talent (behind and in front of the camera) worked at their peak. Humphrey Bogart and Ingrid Bergman were not the studio's first choices for their roles, but they remain one of the screen's all-time great romantic pairings.

Johannes Vilhelm Jensen awarded the Nobel Prize in Literature "for the rare strength and fertility of his poetic imagination with which is combined an intellectual curiosity of wide scope and a bold, freshly creative style".

Triptych by Francis Bacon: Three Studies for Figures at the Base of a Crucifixion comprises three canvasses that are based on the Eumenides — or Furies — of Aeschylus's Oresteia, and that depict three writhing anthropomorphic creatures set against a flat burnt orange background. It was executed in oil paint and pastel on Sundeala fibre board and completed within two weeks. The triptych summarises themes explored in Bacon's previous work, including his examination of Picasso's biomorphs and his interpretations of the Crucifixion and the Greek Furies. The Three Studies are generally considered Bacon's first mature piece. When the painting was first exhibited in 1945 it caused a sensation and established him as one of the foremost post-war painters. Remarking on the cultural significance of Three Studies, the critic John Russell observed in 1971 that "there was painting in England before the Three Studies, and painting after them, and no one ... can confuse the two".

Going My Way wins Academy Award for best picture. Writer-director Leo McCarey once again proved his ability to balance tears and laughs, in this tale of a rule-breaking priest (Oscar winner Bing Crosby) taking over a New York parish from a retiring priest. In the latter role, Barry Fitzgerald was oddly nominated as both lead and supporting actor, winning in the latter category.

Gabriela Mistral awarded the Nobel Prize in Literature "for her lyric poetry which, inspired by powerful emotions, has made her name a symbol of the idealistic aspirations of the entire Latin American world".

The Lost Weekend wins Academy Award for best picture. The film, directed by Billy Wilder, was widely admired even though it was controversial: Though movies had featured drunks since the silent days, it was considered daring to address the subject head-on.

Hermann Hesse awarded the Nobel Prize in Literature "for his inspired writings which, while growing in boldness and penetration, exemplify the classical humanitarian ideals and high qualities of style".

The Best Years of Our Lives wins Academy Award for best picture. The world population was just adjusting to life after World War II and some film executives feared that audiences wanted escapism, not a movie reflecting their lives. But it was a huge hit, and its honesty in dealing with civilian changes and vulnerabilities are still powerful. It was produced by Samuel Goldwyn, directed by William Wyler.

André Paul Guillaume Gide awarded the Nobel Prize in Literature "for his comprehensive and artistically significant writings, in which human problems and conditions have been presented with a fearless love of truth and keen psychological insight".

Painting by Jackson Pollock: Reflections of the Big Dipper, consisting of built up layers of paint with dripped enamel as the final touch, concluding the composition. It was around 1947 that Jackson Pollock traded in his brushes for sticks, trowels and knives and began adding foreign matter, such as sand, broken glass, nails, coins, paint-tube tops and bottle caps to his canvases. Reflection of the Big Dipper was exhibited at the Betty Parsons Gallery in 1948, along with sixteen other paintings by Jackson Pollock. The show received positive reviews. Pollock's works from this time are a transitional step between a more traditional handling of paint and his revolutionary technique of dripping paint on canvases off a large scale.

Gentleman's Agreement wins Academy Award for best picture. The Elia Kazan-directed drama, starring Gregory Peck, was another hot-button winner, as it addressed the topic of anti-Semitism.

Thomas Stearns Eliot awarded the Nobel Prize in Literature "for his outstanding, pioneer contribution to present-day poetry".

Painting by Barnett Newman: Onement I features the first full incarnation of what Newman later called a 'zip', a vertical band of color. This motif would play a central role in many of his subsequent paintings. The painting's title is an archaic derivation of the word 'atonement', meaning, "the state of being made into one."

Hamlet wins Academy Award for best picture. The black and white Shakespeare adaptation, from U.K.'s J. Arthur Rank-Two Cities, was the first non-Hollywood film to take the top award. And Laurence Olivier became the first person to direct himself to a best-actor win.

William Faulkner awarded the Nobel Prize in Literature "for his powerful and artistically unique contribution to the modern American novel".

Alberto Giacometti completes Three Men Walking II

All the King's Men wins Academy Award for best picture. The movie, written and directed by Robert Rossen (nominated in both categories), was based on the novel by Robert Penn Warren. It was a thinly disguised version of Louisiana's Huey Long, and the film's observations about politics still hold up surprisingly well.