After losing his son in WW2, a poor cobbler has become a drunkard and laughing stock of the whole neighborhood, besetting his daughter. When his daughter falls in love with a rich young man, he tries in vain to hide his passion from the young man's family...

A poor neighborhood of Athens, Asyrmatos, is the center of the world for the people who live there and try in every way to escape from poverty and destitution. A handsome released youth, Ricos (Alekos Alexandrakis), is trying to make money, at the same time that his lover, Stefi (Aliki Georgoulis), is seeing other men and her father, Nekrophoras (Manos Katrakis), is trying to contribute in family finances. Rico will set up a job, but will spend the money raised before he can put it into action. As a result, one of his "partners" (Alekos Petsos) will commit suicide, leaving his pregnant wife, Eleni (Aleka Paizis), to her fate. Rikos, his beloved and her father, defeated and disappointed because of the expectations that were never fulfilled, will be forced to come to terms with the harsh reality.

This immensely successful remake of the 1929 foustanella classic was directed by Dinos Dimopoulos and quickly established its stars (Dimitris Papamichael and the beautiful Aliki Vouyouklaki) as the Greek cinema's top box-office draws. The story itself rigidly follows the conventions of its subgenre, although because Greek filmmakers were still churning out foustanellas for decades afterward, it hardly seems more dated than the original. Once again, it tells the tale of Mitros (Titos Vandis), a wealthy herd owner with a foster daughter named Astero (Vouyouklaki) whom he marries off to another herd owner, despite the fact that she and his son Thimios (Papamichael) are desperately in love. The other herd owner dies and Astero loses her mind a bit (although she doesn't wig out quite as spectacularly as Aliki Theodoridou in the silent original), but Mitros finally comes to the right decision and allows the children to marry.

Returning to Athens after the end of the World War II, Captain Nikolas finds out what happened to his family from a neighbor.

Katerina, a poor girl, finds a job as a secretary and falls in love with her boss on a trip to Rome.

At the end of 19th century a landlord meets a young woman at a water spring and she wants to marry her because she is so beautiful.

Four stories, humorous, romantic or dramatic, are linked by a counterfeit gold sovereign. It is made by the honest engraver in the first story, seduced by the charms of a young widow, and it subsequently passes into the hands of a beggar and a prostitute, a wealthy miser and a newly married couple where the husband is a poor artist.

A marginal guy, Tony, returns from America and, in a nightclub, he meets his old love, who has become a prostitute for his sake, abandoning her husband and child. Tony tries to take advantage of his friend's daughter, who is about to get married to a rich young man.