The anonymous novel on which the movie is based was written by Rex Stout. This was not known at the time. There is a little inside joke when the president's wife urges him to drink a glass of stout.
President Craig Stanley:
If congress declares war tomorrow over my head, it will be like writing a new Declaration of Independence... , for profiteers.
One of the businessmen says that 400,000 casualties resulted from World War I. In fact, there were less than a third of that number, and about half of those died from disease (in the influenza epidemic), not in combat.
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