The Czechoslovaks were greatly dismayed with the Munich settlement. With Sudetenland gone to Germany, Czecho-Slovakia (as the state was now renamed) lost its defensible border with Germany and its fortifications. Without them its independence became more nominal than real. In fact, Edvard Beneš, the President of Czechoslovakia, had the military print the march orders for his army and put the press on standby for a declaration of war. Czechoslovakia also lost 70% of its iron/steel, 70% of its electrical power, 3.5 million citizens to Germany as a result of the settlement.[24]

On 14 March Slovakia seceded from Czechoslovakia and became a separate pro-Nazi state. On the following day, Carpathian Ruthenia proclaimed independence as well, but after three days was completely occupied by Hungary. Czechoslovak president Emil Hácha traveled to Berlin and was forced to sign his acceptance of German occupation of the remainder of Bohemia and Moravia. Churchill's prediction was fulfilled as German armies entered Prague and proceeded to occupy the rest of the country, which was transformed into a protectorate of the Reich.