ECONOMIC FRONT: Nazi Gains and Liabilities

Denmark. The day Hitler's troops move into the Danish larder, rolling comfortably over the undefended frontier, disembarking at ease on the quays of a capital that has just surrendered to the mere threat of annihilation from the air, a hearty welcome will be extended to them.

In an extraordinarily prescient book called Rats in the Larder, written in 1938 —mostly before the Munich Agreement had made every European journalist a Cassandra—TIME'S Copenhagen Correspondent Joachim Joesten gave two reasons why Germany was certain to overrun Denmark early in the next war. Last week,...

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