A college economics professor's "radical" ideas about capitalism get him fired. When he decides to put those ideas into practice, he finds that they actually do generate him huge amounts of money. Soon a local banker and others who scoffed at his ideas see the amount of money he's making and try to cheat him out of his system.

As California gubernatorial candidate Burton is about to cast his vote a truck crashes into the polling booth, critically injuring him and his opponent. A flashback traces his career from unemployed veteran to dockworker to lawyer. A side thread traces his tortured relationship with his wife.

Hard-boiled newspaper reporter Larry Doyle (Robert Armstrong) goes a bit too far in celebrating a work bonus and wakes up on a train bound for St. Louis with only a buck on his person. To remedy the problem, Doyle pawns the revolver he's carrying. When the gun is subsequently used in a murder, Doyle's problems only multiply. In the meantime, he's also fallen in love with a comely stranger (Maxine Doyle) he convinced to impersonate his wife.