Animation: A World History

8

The Three Markets (1960–1991)

Global Stability

Despite the Vietnam War, the Cultural Revolution in China, the birth of Singapore as an independent state, the fall of the Portuguese colonial empire, the fall of Portuguese and Spanish dictatorships, the many tensions in Africa, the never-ending Israel–Palestine and South Korea–North Korea conflicts, the many military dictatorships in Latin America, the Soviet invasion of Afghanistan, the Falklands/Malvinas War, and many more harsh situations – the 1960s, 1970s and 1980s were basically decades of global stability.

The Cold War became a war of attrition, with clearly delimited trenches: the Iron Curtain in Europe, the Berlin Wall in Germany, the 38° Parallel in Korea.

In the beginning, the Vietnam ...