The Velvet Revolution had a significant impact on Czech history, marking the peaceful transition from communism to democracy in 1989. It led to the end of 40 years of totalitarian rule and paved the way for the establishment of a parliamentary democracy and a market economy. This shift revitalized the Czech identity and fostered a democratic political culture. The revolution also served as an inspiration for other Eastern European countries seeking freedom from oppressive regimes, demonstrating the power of nonviolent resistance and civic activism.