The answer's a tangle of military intel and propaganda, but Bucky's not sure how to spell it out to someone who doesn't even know what a Nazi is, let alone when that someone is Steve.
He matches his pal's frown with his own, mulling it over for a moment before he says, "Hitler's some kind of miracle worker. Got the Germans all riled up 'bout reclaiming their former glory -- a thousand year Reich, he calls it -- which'd be real swell if he wasn't a homicidal maniac. He took over everything, and everyone just... Everyone just let him, 'cause no one thought there'd be another war so soon. No one wanted another war so soon. It's been going since '39, though. In your time, he would've just been made Chancellor."
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He matches his pal's frown with his own, mulling it over for a moment before he says, "Hitler's some kind of miracle worker. Got the Germans all riled up 'bout reclaiming their former glory -- a thousand year Reich, he calls it -- which'd be real swell if he wasn't a homicidal maniac. He took over everything, and everyone just... Everyone just let him, 'cause no one thought there'd be another war so soon. No one wanted another war so soon. It's been going since '39, though. In your time, he would've just been made Chancellor."