Factual error: When the Police Commissioner is negotiating with Coalhouse Walker Jr. over the phone, the earpiece hook on the phone is in the off position.
Factual error: Sarah tries to talk to "Vice President Fairbanks" during his campaign stop at the train depot. The movie is set in 1906, which wasn't an election year. Fairbanks ran for VP on Theodore Roosevelt's ticket in 1904, but he was a senator at the time, not the standing vice president. Roosevelt had no VP during his first term. He succeeded the assassinated William McKinley, and never appointed a VP.
Factual error: In the train station crowd scene, there are 50-star flags being waved by people on the platform. In 1906, there were only 46 states.
Factual error: Ragtime is set in 1906. Yet a 1915 Model T figures prominently in the plot.