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The United States imposes a trade embargo on Nicaragua that lasts five years. This strangles Nicaragua's economy.
Mikhail Gorbachev comes to power as Soviet General Secretary. He is responsible for bringing a revolution to Soviet foreign policy, opening up the country to greater freedom in the media, and restructuring the economy and political strucure of the country.
Time magazine voted Gorbachev as one of the greatest men of the century.
A CNN clip on Gorbachev talking about his reforms.
A CNN clip of the meeting between Gorbachev and Reagan.
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