This movie is cited as being most responsible for the implementation of the private 'production code' in 1934. Barbara Stanwyck stars in this rags to riches story in pre-ww2 New York City, This clip contains a scenes cut from the final release, a breast grope and the entire rail yard 'exchange'. The Nietzsche speech here was also substantially changed. John Wayne has a small role here, as one of Stanwyck's early conquests.
