Appeasement in an international context is a diplomatic policy of making political or material concessions to an aggressive power in order to avoid conflict. The term is most often applied to the foreign policy of the UK governments of Prime Ministers Ramsay MacDonald (in office: 1929–1935), Stanley Baldwin (in office: 1935–1937) and (most notably) Neville Chamberlain (in office: 1937–1940) towards Nazi Germany (from 1933) and Fascist Italy (established in 1922) between 1935 and 1939. Appeasement of Nazism and Fascism also played a role in French foreign policy of the period.