I think it would be the dissolution of the Soviet Union. Nothing beats that because all of a sudden the US became a complete single unipolar powerhouse. All the nation states including India that had closed economies had to shift towards open economies as they realized that system was not working out.
You had McDonalds all the way in Russia. That is how you knew capitalism truly won over communism.
I cannot imagine any other event of the 1990's that shook the world as much as the dissolution of the soviet union.
Today that event still impacts the world as Russia in its present form is too small to fight for itself and thus fell into the sphere of influence of China.
Is there any other major event of the 1990's that had as great an impact?
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The creation of commercial internet , I don't think any other event comes close.
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Oh yeah that stuff.
Also generally a technology takes around a century to fully mature.
So we still have yet to see what peak internet looks like.
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