Slovakia
The Slovak Republic and the Czech Republic went their separate ways after 1 January 1993, an event sometimes called the Velvet Divorce. Slovakia has remained a close partner with the Czech Republic. Both countries co-operate with Hungary and Poland in the Visegrád Group. Slovakia became a member of NATO on 29 March 2004 and of the European Union on 1 May 2004. On 1 January 2009, Slovakia adopted the Euro as its national currency.
Munich Agreement
Czechoslovakia was created in 1918 following the collapse of the Austro-Hungarian Empire at the end of World War I. The Treaty of Versailles recognized the independence of Czechoslovakia with a population that included three million German-speaking people, 24 percent of the total population of the country. The Germans lived mostly in border regions of the historical lands of Bohemia and Moravia for which they coined the new name Sudetenland, bordering on Germany and the newly created country of Austria. The Sudeten Germans were not consulted about whether they wished to be citizens of Czechoslovakia. Although the constitution guaranteed equality for all citizens, there was a tendency among political leaders to transform the country "into an instrument of Czech and Slovak nationalism". Some progress was made to integrate the Germans and other minorities, but they continued to be under-represented in the government and the army. Moreover, the Great Depression beginning in 1929 impacted the highly industrialized and export-oriented Sudeten Germans more than it did the Czech and Slovak populations. By 1936, 60 percent of the unemployed people in Czechoslovakia were Germans.