Ambassador Joseph Davies is sent by FDR to Russia to learn about the Soviet system and returns to America as an advocate of Stalinism.

Born and raised in poverty, Marguerite Clark has learned to expect very little out of life and thus is rather surprised to learn that she is the niece of a wealthy financier. Alas, this puts a crimp in her romance with a handsome young architect, who has long despised the financier for causing the downfall of the architect's father.