Die Wende (German pronunciation: [diː ˈvɛndə], "The Turn" or "The Turnaround") is a German term that has come to signify the complete process of change from the rule of the Socialist Unity Party of Germany and a centrally planned economy to the revival of parliamentary democracy and market economy in the German Democratic Republic (GDR) around the years 1989 and 1990. It encompasses several processes and events which later have become synonymous with the overall process. These processes and events are:
In hindsight, the German word Wende (meaning "The Turn") then took on a new meaning; the phrase seit der Wende, literally "since the change", means "since reunification" or "since the Wall fell". This period is marked by West German aid to East Germany, a total reaching an estimated $775 billion over 10 years. To some extent, Germany is still in the midst of the "Nachwendezeit" (post-Wende period): differences between East and West still exist, and a process of "inner reunification" is not yet finished.
This fundamental change has marked the reunification of Germany. The term was first used publicly in East Germany on 18 October 1989 in a speech by interim GDR leader Egon Krenz (the term having been used on the cover of influential West German news magazine Der Spiegel two days previously). Whilst it initially referred to the end of the old East German government, die Wende has become synonymous with the fall of the Wall and of the East German state, and indeed of the entire Iron Curtain and Eastern Bloc state socialism.