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At first the editors of the Century, like most others who viewed the situation from afar, failed to appreciate the threat posed by the rise of the Nazi party in Germany. By May 1933, a few months after Hitler assumed the position of chancellor, editorials began to take the rise of fascism more seriously. But in Hitler’s early years, editors used German activities to drive home the point that the punitive treaty of Versailles had been an absolute failure. “We who defeated Germany,” one editorial stated boldly, “helped to make Hitler” (May 10, 1933).