1945 to the 1950s · Africanspan
Portugal held on longest because it was the poorest colonial power
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Europe in 1945 was exhausted and no longer the centre of anything, squeezed between the United States and the Soviet Union after four centuries of preeminence. That made African colonies more valuable in strictly economic terms. Britain leaned on its African possessions harder than it ever had, opening fresh areas to trade, investment and production. Eastern and central Africa became important sources of raw materials for a country short of everything, and those materials sat outside the dollar zone, so Britain could rebuild without depending wholly on American credit. A pattern follows. Portugal, the weakest of the colonial economies, kept its empire until the 1970s precisely because it could not manage without the commercial crutch. Britain, the strongest by the 1950s, gave up political administration soonest, because its economic recovery and its influence let it keep the substance while shedding the cost. In Lisbon economic control required political control. In London and Paris it did not. The two visions belonged to different centuries.
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