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1970-1989Society moved from the analog age into the very beginnings of the digital revolution. Economically, these years were a "rollercoaster" of stagnation and unprecedented growth. 1970-1989 A wave of mostly peaceful protests swept through Eastern Europe, leading to the fall of the Berlin Wall and the disintegration of communist regimes in Poland, Hungary, and Czechoslovakia. Society moved from the analog age into the Energy crises in 1973 and 1979 led to skyrocketing gas prices, high inflation, and sluggish growth, a combination known as stagflation . Energy crises in 1973 and 1979 led to Margaret Thatcher becomes the UK's first female Prime Minister NASA launches the first Space Shuttle, Columbia 1986 The Chernobyl nuclear disaster occurs in the Soviet Union 1989 The Berlin Wall falls; Tiananmen Square protests The 1970s were a pivotal decade for women's rights and environmentalism, with the first Earth Day observed in 1970. By the late 1980s, Japan’s stock and real estate markets had grown into one of history's greatest financial bubbles . By 1989, Japanese companies made up 42% of global equity markets. |