This issue has variants.
The Battle-Axis is composed of characters from long-defunct comic book publishers, including:
the Spider Queen beginning in The Eagle #2 (Sep 1941, Fox Publications)
Volton beginning in Cat-Man Comics v2 #13 (March 1942, Holyoke)
Dr. Nemesis [now called Dr. Death] beginning in Lightning Comics v1 #6 (Apr 1941, Ace Magazines)
Strongman beginning in Crash Comic Adventures #1 (May 1940, Temerson/Helnit/Continental)
Duke O'Dowd the Human Meteor beginning in Champion Comics #6 (Apr 1940, Worth Carnahan) [1st app as Duke O'Dowd in #6, receives the wonder-belt in #8, called Human Meteor in #9]
History of modern Marvel stories featuring the Golden-Age heroes.