The close of war also closed Europe's lordship over the rest of the world. Her grand cycle has ended. The future is not with her. She has been exhausted by the effort of war and distracted by its aftermath of internal conflict. The political, economic, mechanical, and cultural initiatives of modern civilization are already falling from her faltering old hands and being picked up by young and vigorous hands. This is due, in part, to much of the best character and capacity from Europe being drawn off and collected in America.
-- Notebooks Category 11: The Negatives > Chapter 3: Their Presence in The World > # 277