This episode charts the story of the nation from 1897 to 1929 as agriculture transforms the land. Explorer Douglas Mawson, swimmer Annette Kellerman and the men fighting under Britain in World War I become the new nation's first heroes.

The government adopts the slogan ‘populate or perish' after World War II and immigration changes the face of Australia. This influx of labour, as well as the diversification of the economy, delivers increasing prosperity. National identity is embraced but Indigenous people face racism and discrimination - and their children are removed, creating the stolen generations.