![]() ![]() The USA system had won the Cold War, the USA was left the only superpower, and all the countries were struggling to emulate its winning system. During that decade the whole world (with the exceptions of a few small countries) converted to capitalism (even Russia and China) and most of the world also converted to democracy. ![]() In 1992 the treaty of Maastricht created the European Union, that spent the next two decades expanding and absorbing former satellites of the Soviet Union. Two years later the Soviet Union would collapse altogether. Coincidentally, four months earlier the very same city, Berlin, had held the first "Love Parade", a festival of electronic dance music attended by one million people. That event marked the end of the Cold War that had marked 50 years of worldwide proxy wars and a nuclear arms race. ![]() The 1990s started in 1989, when the Berlin Wall came down. ![]()
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