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Reagan was right. (In 1990, Gorbachev not only won the Nobel but was named TIME's Man of the Decade.) Neither Gorbachev nor Reagan was directly responsible for the fall of the Wall; rather, it collapsed from its own weight. But Reagan's speech presciently identified Berlin as the proving ground of Gorbachev's intentions to open up the communist bloc. If Gorbachev truly sought peace and liberalization, Reagan said in Berlin, then he should let the Wall come down. In the end, Gorbachev did, and the rest of the Iron Curtain followed. Allowing democracy to spread through Eastern Europe...
This article is adapted from Ratnesar's book Tear Down This Wall: A City, a President, and the Speech That Ended the Cold...
Watch TIME's video "A GPS Tour of the (Former) Berlin Wall...
...Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System--and Themselves...
...year's financial crisis was a small club of (mostly) men--many of them friends, plenty more rivals--who determined, often by the seat of their pants, how events would unfold. In Too Big to Fail, Sorkin, a New York Times reporter, takes us inside the cozy world of Wall Street chieftains and their Washington alter egos. Why did the U.S. Treasury Department ask Congress for $700 billion in bank-bailout funds? Because $500 billion felt too small and $1 trillion politically impossible; one staffer, charged with justifying the figure, laughed "at the absurdity of it all." Sorkin's meeting...