Bubble era

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Overview

The part of the late 20th Century, more or less coinciding with the 1990s decade, marking the (short) period of rapid economic and technological growth between the end of the Cold War and the beginning of the so-called War on Terrorism.

This period is more or less between the "short" or "true" 20th Century (see Short Twentieth Century) (about 1915 to 1990) and the historical 21st Century (obviously debatable, but the slaughter of September 11, 2001 is almost certainly the most common start date).

Significance

Many technological developments took place in the 1970s, 1980s, and 1990s, eventually leading to the Information Age which is considered to have been born around 1990 with the invention of the World Wide Web.

During the late 1980s and early 1990s, relations with the United States and Russia (then the Soviet Union) rapidly improved, and by the mid 1990s the two nations could almost be called allies.

Around the same time, there was a great economic recession in the United States and around the world, beginning around 1989-1990. However, by about 1993 the economy vastly improved with hi-tech stocks until reaching hard times around March 2000.

The Bubble era was marked with the above, advancements in the study of the brain, the rise of Political correctness, and the breakdown of the pop cultural mold that was strong from the 1950s to the early 1990s.

Exact Date Range

Although the fall of the Berlin Wall in November 1989 is often considered the beginning of the Roaring 90s period, this may be a bit too early as the Cold War was not resolved for about two more years and the economy would take several years to recover.

The end of the era is much easier to put a date on. When the terror attacks of 2001 occurred hopes of the economy recovering, which had slowed in the year 2000, had been shattered and the politically carefree Nineties had been jolted to a halt.

See Also

1990s

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