Oscar Winner's with a Low Budget
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This list contains a few examples of those underdogs snatching victory, even on a pretty low budgets compared to the other nominations. (No particular order).
The Hurt Locker (2008)
Movies it beat: Avatar, The Blind Side, District Nine, An Education, Inglorious Bastards, Precious, A Serious Man, Up in the Air, Up

Slumdog Millionaire (2008)
Movies it beat: The Curious Case of Benjamin Button, Frost/Nixon, Milk, The Reader

American Beauty (1999)
Movies it beat: The Cider House Rules, The Green Mile, The Insider, The Sixth Sense

Crash (2004)
Ordinary People (1980)
Chariots of Fire (1981) (1981)
Platoon (1986)
Movies it beat: Children of a Lesser God, Hannah and her Sisters, The Mission, A Room with a View

The French Connection (1971)
Movies it beat: A Clockwork Orange, Fiddler on the Roof, The Last Picture Show, Nicholas and Alexandra

Marty (1955)
Movies it beat: Love is a Many Splendored Thing, Mister Roberts, Picnic, The Rose Tattoo

Rocky (1976)
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