The fifteen years immediately following World War II constituted a period of profound conservatism in nearly all capitalist countries. The capitalist countries most heavily damaged by the war made what were widely described as miraculous economic recoveries. The victorious capitalist countries made more or less steady (and, by comparison to the Great Depression, quite satisfactory) economic progress. There was a widespread and powerful political movement in most of the third-world colonies of the capitalist powers that resulted in nominal political independence for most of these colonies, and it was widely heralded as the end of capitalist imperialism.