Question

Who appeared to be winning the war in Europe at the end of 1940?

Answer 1

Germany had successfully conquered Poland, Norway, Holland Belgium, and France.
Hitler had made a non-aggression Pact with the Soviet Union and had Italy enter the War on Germany's side.
Britain had been defeated on mainland Europe and had evacuated her troops. London had been bombed. Although the British had stopped Germany from getting Air superiority over Britain the British were on the ropes as far as the War was going. They were being blockaded by U-boats.
The United States had not entered the War and would not for another year.
The Italians lost badly in North Africa and would soon get German support.
Hitler had moved on to planning the Invasion of Russia.