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American Madness is a somewhat dated film from the Depression made dated by the banking legislation of the New Deal. This film was made in the last year of the Herbert Hoover presidency. In the following year, in one of the landmark reforms of the first hundred days of Franklin Roosevelt was the creation of the Federal Deposit Insurance Corporation. Banks in fact have failed since then, but we've never seen the disastrous runs on them that characterized previous times, that are shown so graphically in this early Frank Capra film.

Comparing this with another Capra classic, imagine if you will instead of old man Potter running the bank in Bedford Falls, we had kindly old Peter Bailey instead. The man who believed in investing in his clients at the Building&Loan and passed that philosophy on to his son George.

That's what bank president Walter Huston believes in as well. But he's got a board of directors on his case just as Samuel S. Hinds as Peter Bailey. But he's got one thing that Hinds didn't have, a bored and flirtatious wife in Kay Johnson, ready to respond to the amorous advances of Gavin Gordon, one of the bank vice presidents.

Huston has a surrogate son though, like his George in the person of head teller Pat O'Brien. Pat works some wonders, save's Huston-Johnson marriage, helps stop a bank panic that results from a holdup that was clearly an inside job, and gets out from under suspicion of being involved in that same crime.

The climax of American Madness might be tied up a little too neatly, but Capra was honing his populist movie making skills in this film.

And if it's dated, there's reason to be thankful it is.