1929. Labor's election victory has made Jimmy Summers the nation's new PM. A letter from Marjorie announces the birth of John and Nellie's first grandchild but it's not enough to soften John's heart and accept her back into his house. A growing financial crisis is exacerbated by a stock market crash in America. Martha Ashton is institutionalized after she tries to take her own life. John wants government protection from imported spirits to increase workers at local distilleries - and his profits. Frank Ashton pushes the government to nationalize the banks but his colleagues have no appetite for another election.