The high-point of European power was probably just before the First World War, although as late as the 1930s Italy still managed to annex Abys sinia. By then, however, the United States had begun to emerge as the successor power, enjoying not only great economic strength but also growing cultural and intellectual influence. The full impact of its rise, though, continued to be obscured by a combination of its isolationism and its obvious affinity with Europe. This latter perception was reinforced by the huge scale of migration from Europe to the United States between 1850 and 1930, amounting to 12 per cent of Europe’s own population by 1900. [111] The decline of Europe became manifest after 1945 with the rapid and dramatic collapse of its empires, with the Indian subcontinent, Indonesia, much of Africa, IndoChina and Malaysia, for example, all gaining independence. The number of nation-states grew by three times. [112] The global map was once again redrawn, as it had been in the nineteenth century – but this time far more rapidly and in the opposite direction. Independence opened up new possibilities, although these proved to be extremely diverse and uneven. India’s performance was transformed, as the figures cited earlier for its economic growth illustrate, but Africa was left debilitated by the experience of the slave trade and then colonialism. It has been estimated that the slave trade may have reduced Africa’s population by up to a half as a result of the forcible export of people combined with deaths on the continent itself. [113] In contrast East Asia, which was far less affected by colonialism and never suffered slavery (though it did experience indentured labour), was much less disadvantaged. In the light of the economic transformation of so many former colonies after 1950, it is clear that the significance of decolonization and national liberation in the first two decades after the Second World War has been greatly underestimated in the West, especially Europe. Arguably it was, bar none, the most important event of the twentieth century, creating the conditions for the majority of the world’s population to become the dominant players of the twenty-first century. As Adam Smith wrote presciently of the European discovery of the Americas and the so-called East Indies:
To the natives, however, both of the East and West Indies, all the commercial benefits which can have resulted from these events have been sunk and lost in the dreadful misfortunes which they have occasioned… At the particular time when these discoveries were made, the superiority of force happened to be so great on the side of the Europeans, that they were enabled to commit with impunity every sort of injustice in those remote countries. Hereafter, perhaps, the natives of those countries may grow stronger, or those of Europe may grow weaker, and the inhabitants of all the different quarters of the world may arrive at that equality of courage and force which, by inspiring mutual fear, can alone overawe the injustice of independent nations into some sort of respect for the rights of one another. [114]
