How strong would Germany be without WWII and with some imperial gains?

The Sudeten wasn't the problem per se. Hitler was able to sell that as a reunification of ethnic Germans. However he promised that this would be his last territorial demand (which it obviously wasn't) and that he wouldn't invade the rest of Czechoslovakia (which he got round on a technicality via Slovakian secession). This is what convinced the Western powers that he couldn't be satiated or trusted.
Obviously we say this with hindsight that German leaders would not have had, so inclined to agree with ObsessedNuker above, but the Sudeten would have been as far as they could push their luck. However a Germany that honoured its analogue with Munich and didn't occupy the rest of Bohemia/Moravia/Czechia would probably been able to retain fairly good diplomatic relations. After the French occupation of the Rhineland, Britain and the US could see that the German position wasn't totally unreasonable and everyone privately conceded that the Austrian Anschluss probably had genuine majority support.
Another German leadership might have pressurised Italy over the South Tyrol. The British and French would have supported Italy but in such a way that the German threat was still present in order to drive Italy into their camp - support in event of a war but not unqualified support ("If the Reichskanzler wants a boundary commission, it would be hard for us to disagree or to offer support in event of any escalation of the situation consequent on your refusal. However in event of a direct military threat rest assured..."). They would probably be prepared for some German territorial gains in Tyrol in return for the elimination of any threat of an Italo-German entente.
 
Hitler dies before invading Poland, but after annexing Memel-land. Germany has to deal with the internal power struggle, which prevents WW2. Then has to deal with the fall out of the Nazis screwing things up, while Stalin sits back and watches. No WW2, but question is what happens in Central Europe post-Hitler.
This would be an interesting turn of events. Chamberlain was exacerbated by Hitler after he goes back on his word and annexes the rest of Czech. But if Hitler dies at that point and Goring becomes the new leader of Germany it makes one wonder what lengths Chamberlain would go to to not have a war. Negotiating with Goring over Danzig and the corridor might bring about a new "Munich" type agreement that grants back German land taken by the Versailles treaty and leaves a rump state of Poland. (Probably not, but possible) Without Hitler in the picture does that change the relationship between Germany, England and France?

If Goring is able to pull off this win he goes about seting up an Entente of states as a buffer against the "Great Red Menace" (Finland, Estonia, Latvia, Lithuania, Poland, Hungary, Romania, Bulgaria and Turkey). How would England and France react to this? This entente is an economic as well as military agreement and funds the rearmament of the Reich while secretly preparing for the invasion of the SU.

This would be a very interesting TL with all sorts of ways to go.
 
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