Collapse of the Colonial System of Imperialism, the process of liquidation of economic and political relations based on the oppression of colonial and dependent countries by the imperialist powers. The collapse of the colonial system of imperialism means the loss of a powerful reserve sustained by the capitalist system and further changes in the correlation of strength between the two social systems in favour of socialism. In the second stage of the general crisis of capitalism, especially after World War II, the upsurge of the national liberation 46 movement resulted in the crisis of the colonial system of imperialism evolving into its disintegration and complete collapse in the third stage. By the end of the 1970s more than 100 countries had won national independence. The downfall of the colonial slavery system under the charge of the national liberation movement is the phenomenon that is second in its historical significance only to the formation of the world socialist system. A solid socioeconomic basis for the collapse of the colonial system was the heightening of contradictions between the oppressed peoples of the colonial and dependent countries and foreign capital. All the contradictions of the colonial system (national, socio- economic, political, and ideological) sharpened to the utmost, and the overthrow of imperialist domination became an urgent objective necessity. The peoples of these countries have launched a struggle for equality and free development without imperialist exploitation. This struggle was supported by the very existence of the world socialist system, by the direct and generous assistance of the socialist countries to the peoples struggling for liberation. An important role was played by the workingclass and democratic movement in the imperialist countries. The example of and moral support from already liberated countries was also of great importance for those still oppressed. The historical experience of building socialism and assistance from the countries of the world socialist system have opened broad horizons for national renascence, the overcoming of centuries of poverty, the achievement of economic independence, and the possibility of the noncapitalist path of development for the peoples of newly liberated countries. At the Fifteenth UN General Assembly Session, the Soviet Union submitted a draft declaration on the granting of independence to colonial countries and peoples. The USSR waged a consistent struggle to adopt this declaration and have it implemented. The USSR considers fraternal solidarity with the peoples who have freed themselves from colonialism one of the cornerstones of its foreign policy. The collapse of the colonial system meant the completion, at least in its main aspects, of an important stage of the national liberation revolution which resulted in political independence for the colonial peoples. Imperialism has lost many important economic positions in the liberated countries. Much of the property of the imperialist powers and colonial administration was nationalised by the new states. Capitalist monopolies have also lost an essential chunk of their incomes. However, most of the liberated countries have not yet managed to break away from the world capitalist economic system. The imperialists are employing new methods to economically exploit the newly liberated countries, which have become target of neocolonialism.