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Nothing like it! There have been many major conflicts since then.
They have made conflicts (wars) between major powers such as the US and Russia very unlikely. The cycle of major wars that plagued Europe for centuries has also stopped. Hopefully this will continue, but conflicts over dwindling natural resources may eventually arise.
Afghanistan and Iraq are the UKs only current ongoing major conflicts. Other major conflicts since the 90s include: The Gulf War - 1991 Bosnia - 1992 Kosovo - 1999 Sierra Leone - 2000 Afghanistan - 2001 - ongoing Iraq - 2003 - ongoing
M-Militarism- To build up your armies A-Alliance-To have an ally I-Imperialism- To conquer other countries,etc. N-Nationalism- To think that your country is the best
nothing iis happining in this time that is recorded