Faust: The Second Part of the Tragedy (German: Faust. Der Tragödie zweiter Teil), is the second part of Johann Wolfgang von Goethe's Faust. It was published in 1832, the year of Goethe's death. Because of its complexity in form and content, it is usually not read in German schools, although the first part commonly is.
Only part of Faust I is directly related to the legend of Johann Faust, which dates to at latest the beginning of the 16th century (thus preceding Marlowe's play). The "Gretchen" subplot, although now the most widely known episode of the Faust legend, was of Goethe's own invention. In Faust II, the legend (at least in a version of the 18th century, which came to Goethe's attention) already contained Faust's marriage with Helen and an encounter with an Emperor. But certainly Goethe deals with the legendary material very freely in both parts.
The first act opens with an appeal by Ariel to forgive Faust and ease the cares of his suffering.
The first act sees Mephistopheles (playing the role of a fool) saving the imperial finances of the Emperor — and so the Holy Roman Empire — by introducing the use of paper money instead of gold to encourage spending (and economic recovery).
This is by far the most extensive section of the first act, describing the Florentine carnival from the perspective of Goethe, above all based on Antonio Francesco Grazzini's Tutti i Trifoni (1559) — a collection of contemporary "songs and hard lifts". A parade of Florentine notables, including Dante and Gianni Schicchi, pass by.
The "Emperor of Thumb" (to use a devilish term of Mephistopheles) describes how much he enjoyed the recent celebrations, and wants more "dergleichen Scherze" (5988). The Emperor appears and blesses the newly introduced paper money from Mephisto, which is adorned with pictures of Simon Magus. The Emperor begins to understand its meaning and to squander it, as do his advisors. Goethe here satirizes the introduction of paper money during the French Revolution, with various advisors possibly representing Danton, Sieyès and other figures.