Its true, basically all of the old European and Eurasian empires were dissolved. As for democracy, the period between WWI and WWII was quite the opposite with

Its true, basically all of the old European and Eurasian empires were dissolved. As for democracy, the period between WWI and WWII was quite the opposite with the rise of fascism across Europe. Modern European democracy largely came later after WWII. WWI was a net boost to colonialism with European powers given nominal control of the former Ottoman empire; European colonialism was still going strong (and arguably still is) well through the middle of the 20th century. US influence in Europe was only drastically increased after the implementation of the Marshall Plan after WWII, and obviously only in Western Europe.