University student who works in a bank experiences a personal crisis: he is torn between his ambitions and the temptation to engage in the armed movement against the military dictatorship of the time, in Brazil. At the same time, his love life is also confusing: he is unable to choose between two girls: an apolitical rich one, whose main interest is her own sexual liberation; and a working girl with family problems.
In 1913, in the state of Santa Catarina, Brazil, the Government gives some lands to a foreign railway company, giving rise to revolt by the former owners of the land. The episode became known as Guerra dos Pelados.