The last of the '30s Warner Brothers gangster films looks back on the organised crime of the '20s with nostalgia. There's a declamatory newsreel style narration which takes us from the armistice to the repeal of prohibition. James Cagney and Humphrey Bogart play doughboys who turn to bootlegging to get rich during the depression. Priscilla Lane sings hits from the period.
Because this era is being filed away into history rather than the present threat it was in the early '30s, Raoul Walsh is allowed to be relatively frank about how the gangs made their money, and spent it. We see the speakeasies, the fashions, the machine guns and sedans. Real people from the period are featured, and infamous news stories are re-enacted.
Walsh keeps the story moving forwards and the stars are excellent. Cagney and Bogart repeat their good gangster/bad gangster dynamic from Angels With Dirty Faces. It feels like Bogie has now arrived as an actor and is just waiting for a better role than Warners' were willing to give him. But he still dies a quivering coward on the end of Jimmy's shooter.
The usual bases of Warners' social realist mob pictures are covered. There is a progressive ethic which condemns prohibition and supports Roosevelt's new deal. Aside from the tough guys, the nostalgia is quite sentimental. WWII ended the gangster film's first classic era, and it's great to see Cagney still at his peak, as the genre he dominates, fades to black.