The word 'wartime' is a compound word.
Peacetime is a compound word for a time of no war.(See 'Related links' below)
Peacetime is a compound word for a time of no war.(See 'Related links' below)
time of no war = peacetime
Peacetime
peacetime
Wartime
Peacetime
peacetime
Yes, "storytime" is a compound word formed by combining "story" and "time."
airtimeanytimebedtimedowntimelunchtimemealtimeovertimeplaytimesometimespringtimesummertimetimebasetimeouttimesharewintertime
The word is "peacetime" - the EA pair has a long E sound, the same as made by EE in wheel.