Kurt Hoffmann′s satire concerning Germany′s development during the first half of the 20th century tells the story of two schoolmates - Hans and Bruno. They could not be more different. While Hans is ambitious and must always work hard for his career, it seems that the happy go lucky Bruno is carefree.

Karin Twerdy used to be an opera singer but now, in order to pay for her daughter Daniela's education in a religious school, she performs in a shady nightclub. Industrialist Dietrich Gontard, the father of Karin's school friend Christa, falls for her. But when he learns the truth about her he is outraged and rejects her. At a loss and not to stand in the way of Daniela's future, Karin chooses to disappear...

Head waiter Leopold has been secretly in love with the hostess Josepha for a long time, but she only has eyes for Dr. Siedler, a guest in the White Horse Inn. Leopold tries to get Dr. Siedler interested in the daughter of Industrialist Giesecke, who would rather see his daughter married to Sigismund.