1990s

The 1990s are generally classified as having moved slightly away from the more conservative 1980s, but otherwise retaining the same mindset. The 90s were marked with rapid progression of globalization and global capitalism following the collapse of the Soviet Union and the end of the Cold War. While optimism and hopes were high following the collapse of Communism, the backlash of the Cold War's effect was only beginning, precipitating the continuation of terrorism in Third World regions that were once the frontlines for American and Soviet foreign politics, particularly in Asia. However, during the 1990s many First World economies such as the United States, Canada, Ireland, Australia, and South Korea experienced steady economic growth for nearly the entire decade. Even less affluent nations such as Malaysia saw tremendous improvements in economic prosperity and quality of life during the 1990s. With the Cold War over, "Roaring" 90's prosperity, and September 11 having no negative connotations applied to it, this decade is often held in high regard for people in many of these nations.

Cold War: :For the generic term for a high-tension rivalry between countries, see cold war (war)....

Third World: :For the Jamaican reggae band, see Third World (band)....

First World: The terms First World, Second World, and Third World were used to divide the nations of Earth into three broad categories. The three terms did not arise simultaneously. After World War II, people began to speak of the NATO and Warsaw Pact countries as two major blocs, often using such terms as the "...