What was the “velvet divorce”

The Velvet Divorce is a denomination given to the Dissolution of Czechoslovakia, that took place in 1993. It led to the foundation of two new separate countries: Czech Republic and Slovakia, after the decomposition of the previous federal state from 1969 composed by the two soviet republics called: the Czech Socialist Republic and the Slovak Socialist Republic.

It is called as the Velvet Divorce due to the bloody Velvet Revolution that took place in 1989 in Czechoslovakia, which expelled the communist party from the goverment and meant the start of capitalism.