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While Hawking contributed significantly to our understanding of black holes, it might be better to say that black holes were a natural consequence and outgrowth of the general theory of relativity proposed by Einstein. Hawking proposed that black holes would interact thermodynamically with the universe in specific ways; for example that radiation could be generated by quantum effects near the event horizon (Hawking radiation) and thus carry mass away from it, per Einstein's proof of the equivalency of mass and energy; thus a black hole's mass could decrease over time and eventually it could "evaporate" entirely.

The effect of this knowledge, and related knowledge, on society could potentially be deemed somewhat subjective.. (how does a larger understanding of the universe affect any particular society?) but at least, its effect could be comparable to the effects of other discoveries in astrophysics: often, discoveries simply lead to more questions which then demand further study and research.

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