The New York Times made headlines of the Munich agreement: “Hitler receives less than his Sudeten claims,” saying that a “cheerful crowd” greeted Daladier on his return to France and that Chamberlain was “savagely acclaimed” upon his return to Britain.  The economic consequences of the Munich Agreement will inevitably be very harsh for Czechoslovakia. The loss of industries, railways, nodes, etc. cannot help but cause heavy commercial losses and unemployment. There is also no doubt that Czechoslovakia will become the object of quasi-colonial exploitation for Germany. After learning that areas inhabited by Poland were to be transferred to Germany, Poland issued a note to the Czechoslovak government in which it called for “the immediate conclusion of an agreement according to which Polish territory would be indisputably occupied by Polish troops; this was followed by agreement on referendums in districts where the Polish population was densely populated.  Faced with tensions between the Germans and the Czechoslovak government, Beneš proposed, on September 15, 1938, to secretly give 6,000 square kilometers (2,300 square miles) to Czechoslovakia to Germany, in exchange for a German agreement to host 1.5 to 2.0 million Sudeten Germans that would dislodge Czechoslovakia. Hitler did not respond.  29.–30. September 1938: Germany, Italy, Great Britain and France sign the Munich Agreement, under which Czechoslovakia must cede its border regions and defense zones (the so-called Sudetenland region) to Nazi Germany. German troops occupied these territories between 1 and 10 October 1938.
One aspect of the huge riots of the past two weeks must touch anyone looking at its history. In the three most powerful states of Central and Eastern Europe, the peoples should not know what has been said and done outside. It seems that there has been very little news in Russia. In Germany and Italy, news was deliberately falsified if it was not repressed. The German people must not have known about President Roosevelt`s embassy. The Italian people were led to believe that Chamberlain agreed with Hitler and that he was only anxious to put pressure on Benes. One of his speeches gave them an erroneous version. On September 30, he returned to Heston Airfield with an agreement that eliminated the imminent threat and allowed Hitler to annex parts of Czechoslovakia.
He waved a statement signed by the two leaders, which said the agreement was “symbolic of the desire of our two peoples never to go to war together again.” Shortly after, in Downing Street, he said that it promises peace for our time. This optimism was only short-lived, as the Munich Agreement was broken within a year and Britain went to war because of the Nazi invasion of Poland. .