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1991
It was the final year of the Cold War, which had begun in 1947. During the year, the Soviet Union Dissolution of the Soviet Union, collapsed, leaving Post-soviet states, fifteen sovereign republics and the Commonwealth of Independent States, CIS in its place. In July 1991, India abandoned its policies of dirigism, license raj and autarky and began extensive Economic liberalisation in India, liberalisation to its economy. This increased Economy of India, GDP but also increased income inequality in India, income inequality over the next two decades. A United Nations, UN-authorized coalition of the Gulf War, coalition force from 34 nations fought against Ba'athist Iraq, Iraq, which had Invasion of Kuwait, invaded and Kuwait Governorate, annexed Kuwait in the previous year, 1990. The conflict would be called the Gulf War and would mark the beginning of a since-constant American military presence in the Middle East. The clash between Republic of Serbia (1990–2006), Serbia and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1991 Events Collage 3
File:1991 Events Collage.png, From left, clockwise: Boris Yeltsin, 1991 Russian presidential election, elected as Russia's first President of Russia, president, waves the new flag of Russia after the 1991 Soviet coup d'état attempt, orchestrated by Soviet Union, Soviet hardliners; Mount Pinatubo 1991 eruption of Mount Pinatubo, erupts in the Philippines, making it the List of large historical volcanic eruptions, second-largest Types of volcanic eruptions, volcanic eruption of the 20th century; MTS Oceanos sinks off the coast of South Africa, but the crew notoriously abandons the vessel before the passengers are rescued; Dissolution of the Soviet Union: The Flag of the Soviet Union, Soviet flag is lowered from the Kremlin for the last time and replaced with the flag of the Russian Federation; The United States and soon-to-be dissolved Soviet Union sign the START I Treaty; A tropical cyclone 1991 Bangladesh cyclone, strikes Bangladesh, killing nearly 140,000 people; Lauda Air Flight ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Invasion Of Kuwait
The Iraqi invasion of Kuwait was an operation conducted by Iraq on 2 August 1990, whereby it invaded the neighboring State of Kuwait, consequently resulting in a seven-month-long Iraqi military occupation of the country. The invasion and Iraq's subsequent refusal to withdraw from Kuwait by a deadline mandated by the United NationsUnited Nations Security Council Resolution 660 (Condemning the Invasion of Kuwait by Iraq), S.C. Res. 660, 45 U.N. SCOR at 19, U.N. Doc. S/RES/660 (1990) . umn.edu. Retrieved on 12 June 2011 led to a direct military intervention by a [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. Many professionals consider it to be an inadequate representation of the overall U.S. stock market compared to a broader market index such as the S&P 500. The DJIA includes only 30 large companies. It is Price-weighted index, price-weighted, unlike stock indices which use market capitalization. Furthermore, the DJIA does not use a weighted arithmetic mean. The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor which is currently () approximately 0.152. The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split. First calculated on May 26, 1896, the index is the second-oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1990s United States Boom
The 1990s economic boom in the United States was an economic expansion that began after the end of the early 1990s recession in March 1991, and ended in March 2001 with the start of the early 2000s recession during the Dot-com bubble crash (2000–2002). It was the longest recorded economic expansion in the history of the United States until July 2019. Background The 1990s were remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, economic boom, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy. The prosperity of the 1990s was not evenly distributed over the entire decade. The economy was in recession from July 1990 - March 1991, having suffered the S&L Crisis in 1989, a spike in gas prices as the result of the Gulf War, and the general run of the business cycle since 1983. A surge in inflation in 1988 and 1989 forced the Federal Reserve to raise th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Population Registration Act Repeal Act, 1991
The Population Registration Act Repeal Act, 1991 (Act No. 114 of 1991) is an act of Parliament, act of the Parliament of South Africa which repealed the Population Registration Act, 1950, ending the legal racial classification of South Africans which formed the basis of apartheid. State President of South Africa, State President F. W. de Klerk announced his government's intention to repeal the Population Registration Act in his speech at the opening of Parliament on 1 February 1991. The bill was passed by the Tricameral Parliament on 17 June. The House of Assembly (South Africa), House of Assembly (representing White South African, white voters) passed it on a vote of 89 to 38, with the Conservative Party (South Africa), Conservative Party voting against. The House of Representatives (South Africa), House of Representatives and House of Delegates (South Africa), House of Delegates (representing Coloured South African, Coloured and Indian South African, Indian voters respectively) pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nelson Mandela
Nelson Rolihlahla Mandela (; ; 18 July 1918 – 5 December 2013) was a South African anti-apartheid activist who served as the first president of South Africa from 1994 to 1999. He was the country's first black head of state and the first elected in a fully representative democratic election. His government focused on dismantling the legacy of apartheid by fostering racial reconciliation. Ideologically an African nationalist and socialist, he served as the president of the African National Congress (ANC) party from 1991 to 1997. A Xhosa, Mandela was born into the Thembu royal family in Mvezo, Union of South Africa. He studied law at the University of Fort Hare and the University of Witwatersrand before working as a lawyer in Johannesburg. There he became involved in anti-colonial and African nationalist politics, joining the ANC in 1943 and co-founding its Youth League in 1944. After the National Party's white-only government established apartheid, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apartheid
Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was characterised by an authoritarian political culture based on ''baasskap'' (boss-hood or boss-ship), which ensured that South Africa was dominated politically, socially, and economically by the nation's Minoritarianism, minority White South Africans, white population. According to this system of social stratification, white citizens had the highest status, followed by Indian South Africans, Indians and Coloureds, then black Africans. The economic legacy and social effects of apartheid continue to the present day. Broadly speaking, apartheid was delineated into ''petty apartheid'', which entailed the segregation of public facilities and social events, and ''grand apartheid'', which dictated housing and employment opportunities by race. The f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yugoslav Wars
The Yugoslav Wars were a series of separate but related Naimark (2003), p. xvii. ethnic conflicts, wars of independence, and insurgencies that took place in the SFR Yugoslavia from 1991 to 2001. The conflicts both led up to and resulted from the breakup of Yugoslavia, which began in mid-1991, into six independent countries matching the six entities known as republics which previously composed Yugoslavia: Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Serbia, and North Macedonia (previously named ''Macedonia''). Yugoslavia's constituent republics declared independence due to unresolved tensions between ethnic minorities in the new countries, which fuelled the wars. While most of the conflicts ended through peace accords that involved full international recognition of new states, they resulted in a massive number of deaths as well as severe economic damage to the region. During the initial stages of the breakup of Yugoslavia, the Yugoslav People's Army (JNA) sought to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialist Federal Republic Of Yugoslavia
The Socialist Federal Republic of Yugoslavia, commonly referred to as SFR Yugoslavia or simply as Yugoslavia, was a country in Central and Southeast Europe. It emerged in 1945, following World War II, and lasted until 1992, with the breakup of Yugoslavia occurring as a consequence of the Yugoslav Wars. Spanning an area of in the Balkans, Yugoslavia was bordered by the Adriatic Sea and Italy to the west, by Austria and Hungary to the north, by Bulgaria and Romania to the east, and by Albania and Greece to the south. It was a one-party socialist state and federation governed by the League of Communists of Yugoslavia, and had six constituent republics: Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, and Slovenia. Within Serbia was the Yugoslav capital city of Belgrade as well as two autonomous Yugoslav provinces: Kosovo and Vojvodina. The SFR Yugoslavia traces its origins to 26 November 1942, when the Anti-Fascist Council for the National Liberation of Yugo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Serbia (1990–2006)
Serbia (, ; Serbian: , , ), officially the Republic of Serbia ( Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungary to the north, Romania to the northeast, Bulgaria to the southeast, North Macedonia to the south, Croatia and Bosnia and Herzegovina to the west, and Montenegro to the southwest, and claims a border with Albania through the disputed territory of Kosovo. Serbia without Kosovo has about 6.7 million inhabitants, about 8.4 million if Kosvo is included. Its capital Belgrade is also the largest city. Continuously inhabited since the Paleolithic Age, the territory of modern-day Serbia faced Slavic migrations in the 6th century, establishing several regional states in the early Middle Ages at times recognised as tributaries to the Byzantine, Frankish and Hungarian kingdoms. The Serbian Kingdom obtained recognition by the Holy See and Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf War
The Gulf War was a 1990–1991 armed campaign waged by a Coalition of the Gulf War, 35-country military coalition in response to the Iraqi invasion of Kuwait. Spearheaded by the United States, the coalition's efforts against Ba'athist Iraq, Iraq were carried out in two key phases: Operation Desert Shield, which marked the military buildup from August 1990 to January 1991; and Operation Desert Storm, which began with the Gulf War air campaign, aerial bombing campaign against Iraq on 17 January 1991 and came to a close with the American-led Liberation of Kuwait campaign, Liberation of Kuwait on 28 February 1991. On 2 August 1990, Iraq invaded the neighbouring Kuwait, State of Kuwait and had fully occupied the country within two days. Initially, Iraq ran the occupied territory under a puppet government known as the "Republic of Kuwait" before proceeding with an outright annexation in which Kuwaiti sovereign territory was split, with the "Saddamiyat al-Mitla' District" being car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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