Given below are two statements:
 
Statement I: Decolonization is essentially the undoing of Colonialism
Statement II: Many nations were no longer able to contribute to the upkeep of colonial administration after the Second World War due to a lack of financial resources.
 
Choose the correct option:

1
Only Statement II is true
2
Only Statement I is true 
3
Both Statement I and Statement II are false
4
Both Statement I and Statement II are true

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