The agreement authorizing the annexation of the Sudetenland by Germany was signed on 29 September 1938. The slogan «Above us, without us!» (Czech: O n`s bez n`s!) sums up the feelings of the Czechoslovakian population (Slovakia and the Czech Republic) towards the agreement. [Citation required] On its way to Germany, Czechoslovakia (as the state was renamed) lost its reasonable border with Germany and its fortifications. Without it, its independence became more nominal than more real. The agreement also caused Czechoslovakia to lose 70% of its steel industry, 70% of its electricity and 3.5 million citizens to Germany.  The Sudeten Germans celebrated what they saw as their liberation. The impending war, it seemed, had been averted. Czechoslovakia was informed by Great Britain and France that it could either oppose Nazi Germany or submit to the prescribed annexes. The Czechoslovakian government single-purposely acknowledged the desperation of the fight against the Nazis, reluctantly capitulated (30 September) and agreed to abide by the agreement.
The colony gave Germany, from 10 October, the Sudetenland and de facto control of the rest of Czechoslovakia as long as Hitler promised not to go any further. On 30 September, after some time off, Chamberlain went to Hitler`s house and asked him to sign a peace treaty between the United Kingdom and Germany. After Hitler`s interpreter translated it for him, he was glad to have accepted it. Later, at the meeting, a deception was agreed in advance to influence and pressure Chamberlain: one of Hitler`s accomplices entered the room to inform Hitler of other Germans killed in Czechoslovakia, and Hitler then shouted: «I will avenge each of them. The Czechs must be destroyed.  The meeting ended with Hitler`s refusal to make concessions to the demands of the Allies.  Later that evening, Hitler was concerned that he had gone too far to put pressure on Chamberlain, and he called Chamberlain`s hotel suite to say that he would only accept the annexation of Sudetenland without plans in other areas, provided that Czechoslovakia began evacuating ethnic Chechens from the majority regions of Germany by 8 p.m. on September 26. After being pushed by Chamberlain, Hitler agreed to issue the ultimatum for October 1 (the same date on which Operation Green was to begin).  Hitler then told Chamberlain that it was a concession he wanted to make to the Prime Minister as a «gift», out of respect for the fact that Chamberlain was prepared to back down a little from his previous position.
 Hitler added that after the annexation of the Sudetenland, Germany would no longer have territorial rights over Czechoslovakia and would enter into a collective agreement to guarantee the borders of Germany and Czechoslovakia.  The economic consequences of the Munich agreement will certainly be very severe for Czechoslovakia.