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Confidence votes 24. No, while the Titanic and its tragedy were real, Jack and Rose are simply fictional characters. There was a trimmer aboard name John Dawson who died when the ship sank, but this is purely coincidental. Besides, he was Irish and his name was John.
Anders Falk, who filmed a documentary about the film's sets for the Titanic Historical Society, cameoes in the film as a Swedish immigrant whom Jack Dawson meets when he enters his cabin. Ed and Karen Kamuda, then President and Vice President of the Society, were extras in the film.