HIST 103 Lecture Notes - Munich Agreement, John Studebaker, Appeasement
Document Summary
War is not the only key to a nation"s stability. After world war i broke in 1921, the participating nations learned the truth from a hard way; the fact that war is not the panacea for economic instability. The period between 1921 to 1941 witnessed a number of events that had global impacts to the economy with the great depression being one of them. Motivated by the economic factors and the losses incurred during wwi, these factors are arguably neville chamberlain"s reasons for choosing to make the policy of appeasement during the munich conference in 1938. Chamberlain"s approach in dealing with foreign relations was understandably pragmatic. If the british were to wage another war with the germans, they will certainly be at disadvantage since britain was still in the process to recover its economy back to the pre-wwi state. From an economic perspective, the opportunity cost lost will be higher if the british anticipated another war.
