On his travels, Paul, a journeyman from northern Germany, runs into a childhood friend, Lisei, a puppeteer's daughter. They fall in love and get married. Together with Lisei's father, the young couple moves to Paul's hometown. Although Paul himself is accepted - even respected - by the stuck-up and snooty citizens, the young woman is rejected by the town dwellers, who are imbued with class arrogance. Paul stands up for his wife but the scorn and abuse heaped on her weigh heavily upon him.
Several children find out what's the matter with a wreck offshore, which puts them into jeopardy.
Diederich Heßling is scared of everything and everyone. But as he grows up, he comes to realize that he has to offer his services to the powers-that-be if he wants to wield power himself. His life motto now runs: bow to those at the top and tread on those below. In this way, he always succeeds: as a student in a duel-fighting student fraternity and as a businessman in a paper factory. He cajoles the obese district administrative president Von Wulkow and wins his favor. He slanders his financial rivals and hatches a plot with the social democrats in the town council. On his honeymoon with his rich wife Guste, he finally finds a chance to do his beloved Kaiser a favor. And when a memorial to the Kaiser is unveiled in the town where Diederich lives and works, he delivers the address. He stands behind the lectern in the pouring rain, saluting his Kaiser. The crowd is dispersed. Everything is laid in ruins...
Ilona, the bored wife of an easily distracted professor, falls in love with his friend Tibor, a world-traveler and ladykiller. Although she pursues him, he declines to take advantage of the situation, because she's married to his best friend. Only after her husband shows an interest in a co-worker is it possible for a happy ending to take place for the two new couples.