After his father is murdered by the Nazis in 1938, a young Viennese Jew named Ferry Tobler flees to Prague, where he joins forces with another expatriate and a sympathetic Czech relief worker. Together with other Jewish refugees, the three make their way to Paris, and, after spending time in a French prison camp, eventually escape to Marseille, from where they hope to sail to a safe port.

After arriving in 1940 New York, Freddy struggles to find work. His world of refugee acquaintances includes the depressed daughter of a poet/delicatessen owner, an aging surgeon who cannot find work, and a lovable charlatan photographer.

Freddy, a Viennese Jew who emigrated to New York after Hitler's invasion, and Adler, a left-wing intellectual originally from Berlin, return to Austria in 1944 as soldiers in the U.S. Army. Freddy falls in love with the daughter of a Nazi, and Adler attempts to go over to the Communist Zone. But with the advent of the Cold War and continuing anti-semitism, the idealism of both characters is shattered as they find themselves surrounded by cynicism, opportunism, and universal self-deception.