Fascinating.

While I agree that the UK had few options at the time - and none of them great - the fact remains that Germany was subject to largely the same economic constraints: global economic recession, and (more onerous even than the UK’s war debts) war reparations that further crippled their economy. It’s just that Hitler and the Nazi Party simply built their military industry and armed forces up anyways.

One of the approaches Chamberlain could have taken would have been to open talks with the US government to discuss extensions on their repayment schedule, due to the disturbingly escalating tensions in mainland Europe (and don’t forget that the Soviets were also a significant threat at the time, ultimately culminating with their invasions of Finland and Poland). All that said… there were significant fascistic elements in the US at the time, many of which pushed for outright alliance with Germany, so unfortunately, that may have ended up as a non-starter.

TL;DR: while I appreciate the data and context, I still don’t think I agree with the characterization that Chamberlain did all that was possible at the time. Though, to be fair, fascism itself was a new and novel political system at the time, and not many people outside of fascist political leaders themselves really fully understood the full implications of a fascist world power (Italy; Germany). Also to be fair, Stanley Baldwin (Chamberlain’s predecessor) and Ramsay MacDonald (Baldwin’s predecessor) absolutely set the stage for the difficulties that Chamberlain faced. And, to again be fair, almost every single world power at that point was kinda also preoccupied with the Great Depression.

Edit: all of which is creepily similar in a lot of ways to the situation the world finds itself in now.