May 1931: 150,000 Stahlhelm men parade through Breslau before Crown Prince Wilhelm and other imperial relics, reviving monarchist hopes. Hitler hails his SA and calls for eastern expansion. But it’s economic collapse that dominates—Austria’s top bank nears default, threatening Germany’s own system. As Berlin pushes for a reparations pause and clings to its customs union with Vienna, France stands firm. And in Oldenburg, the Nazis take their first Landtag.