The summit at Reykjavik was a turning point in the Cold War. The leaders of both the USA and USSR were finally able to meet and to come to terms with the fact that both had perhaps underestimated the other and that there really was a chance towards real nuclear disarmament. While both leaders were disappointed by the lack of an agreement at the end of the meeting, Reykjavik would set the stage for further negotiations that would eliminate an entire class of nuclear weaponry (Intermediate Range Nuclear Missiles) and real reductions in the other strategic nuclear weapons.
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