Did the fall of the British Empire begin with?
After World War I the the sun finally began to set on the British Empire due to the enormous cost of the war and the fact that the overseas dominions had given the lives of millions of their men for Britain, therefore the calls for Independence started to grow stronger. During World War II it became evident that Britain although still a strong force in the world was no longer a superpower. We in-debted ourselves to the USA who sold us weapons, tanks, aircraft etc which left the country bankrupt after the war. The US also forced the UK to beg for a loan of 5 billion pounds, 50 billion pounds in today’s money (which was only paid off in 2007). This was granted, but on condition that the pound was made convertible. This was done, and Britain’s foreign currency reserves drained away in weeks and the birth of America as a superpower had begun. The Empire was also bankrupt after the war. The government began the process of dismantling it, starting with India in 1947 thus ending the British E