Winston Churchill, who would become the British prime minister in 1940, described which agreement as "a defeat without a war"?

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Winston Churchill described the Munich Pact, signed in 1938, as "a defeat without a war" because the agreement allowed Hitler to annex parts of Czechoslovakia without any opposition from Western European powers. Churchill believed that the appeasement policy of the British government towards Nazi Germany, which led to the signing of the Munich Pact, was a mistake that would ultimately lead to war.

Winston Churchill, Who Would Become the British Prime Minister in 1940