Nuclear warfare
It was hailed by many military theorists as a weapon that would make nuclear war less likely. SLBMs—which can move with "stealth" (greatly lessened detectability) virtually anywhere in the world—give a nation a "second strike" capability (i.e., after absorbing a "first strike"). Before the advent of the SLBM, thinkers feared that a nation might be tempted to initiate a first strike if it felt confident that such a strike would incapacitate the nuclear arsenal of its enemy, making retaliation impossible. With the advent of SLBMs, no nation could be certain that a first strike would incapacitate its enemy's entire nuclear arsenal. To the contrary, it would have to fear a near-certain retaliatory second strike from SLBMs. Thus, a first strike was a much less feasible (or desirable) option, and a deliberately initiated nuclear war was thought to be less likely to start.
However, it was soon realized that submarines could approach enemy coastlines undetected and decrease the warning time (the time between detection of the missile launch and the impact of the missile) from as much as half an hour to possibly under three minutes. This effect was especially significant to the United States, Britain and China, whose capitals of Washington D.C., London, and Beijing all lay within 100 miles (160 km) of their coasts. Moscow was much more secure from this type of threat, due to its considerable distance from the sea. This greatly increased the credibility of a "surprise first strike" by one faction and (theoretically) made it possible to knock out or disrupt the chain of command of a target nation before any counterstrike could be ordered (known as a "decapitation strike"). It strengthened the notion that a nuclear war could possibly be "won", resulting not only in greatly increased tensions and increasing calls for fail-deadly control systems, but also in a dramatic increase in military spending. The submarines and their missile systems were very expensive, and one fully equipped nuclear-powered and nuclear-armed missile submarine could cost more than the entire GNP of a developing country. It was also calculated, however, that the greatest cost came in the development of both sea- and land-based anti-submarine defenses and in improving and strengthening the "chain of command", and as a result, military spending skyrocketed.
South Africa developed a nuclear weapon capability during the 1970s and early 1980s. It was operational for a brief period before being dismantled in the early 1990s.
According to the 1980 United Nations report General and Complete Disarmament: Comprehensive Study on Nuclear Weapons: Report of the Secretary-General, it was estimated that there were a total of about 40,000 nuclear warheads in existence at that time, with a potential combined explosive yield of approximately 13,000 megatons. By comparison, the largest volcanic eruption in recorded history when the volcano Mount Tambora erupted in 1815—turning 1816 into the Year Without A Summer due to the levels of global dimming sulfate aerosols and ash expelled—it exploded with a force of roughly 33 billion tons of TNT or 33,000 megatons of TNT this is about 2.2 million Hiroshima Bombs, and ejected 175 km3 (42 cu mi) of mostly rock/tephra, that included 120 million tonnes of sulfur dioxide as an upper estimate. A larger eruption, approximately 74,000 years ago, in Mount Toba produced 2,800 km3 (670 cu mi) of tephra, forming lake Toba, and produced an estimated 6,000 million tonnes (6.6×109 short tons) of sulfur dioxide. The explosive energy of the eruption may have been as high as equivalent to 20,000,000 megatons (Mt) of TNT, while the asteroid created Chicxulub impact, that is connected with the extinction of the dinosaurs corresponds to at least 70,000,000 Mt of energy, which is roughly 7000 times the maximum arsenal of the US and Soviet Union.

However, comparisons with supervolcanoes are more misleading than helpful due to the different aerosols released, the likely air burst fuzing height of nuclear weapons and the globally scattered location of these potential nuclear detonations all being in contrast to the singular and subterranean nature of a supervolcanic eruption. Moreover, assuming the entire world stockpile of weapons were grouped together, it would be difficult, due to the nuclear fratricide effect, to ensure the individual weapons would go off all at once. Nonetheless, many people believe that a full-scale nuclear war would result, through the nuclear winter effect, in the human extinction, though not all analysts agree on the assumptions that underpin these nuclear winter models.
On 26 September 1983, a Soviet early warning station under the command of Stanislav Petrov falsely detected 5 inbound intercontinental ballistic missiles from the US. Petrov correctly assessed the situation as a false alarm, and hence did not report his finding to his superiors.  It is quite possible that his actions prevented "World War III", as the Soviet policy at that time was immediate nuclear response upon discovering inbound ballistic missiles.
The world came unusually close to nuclear war in November 1983 when the Soviet Union thought that the NATO military exercise Able Archer 83 was a ruse or "cover-up" to begin a nuclear first strike. The Soviets responded by raising readiness and preparing their nuclear arsenal for immediate use. Soviet fears of an attack ceased once the exercise concluded without incident.

Post-Cold War: Although the dissolution of the Soviet Union ended the Cold War in 1991 and greatly reduced the political tensions between the United States and the Russian Federation, the Soviet Union's formal successor state, both countries remained in a "nuclear stand-off" due to the continuing presence of a very large number of deliverable nuclear warheads on both sides. Additionally, the end of the Cold War led the United States to become increasingly concerned with the development of nuclear technology by other nations outside of the former Soviet Union. In 1995, a branch of the U.S. Strategic Command produced an outline of forward-thinking strategies in the document "Essentials of Post–Cold War Deterrence".
In 1995, a Black Brant sounding rocket launched from the Andøya Space Center caused a high alert in Russia, known as the Norwegian Rocket Incident. The Russians thought it might be a nuclear missile launched from an American submarine.
In 1996, a Russian continuity of government facility, Kosvinsky Mountain, which is believed to be a counterpart to the US Cheyenne Mountain Complex, was completed. It was designed to resist US earth-penetrating nuclear warheads, and is believed to host the Russian Strategic Rocket Forces alternate command post, a post for the general staff built to compensate for the vulnerability of older Soviet era command posts in the Moscow region. In spite of this, the primary command posts for the Strategic Rocket Forces remains Kuntsevo in Moscow and the secondary is the Kosvinsky Mountain in the Ural Mountains. The timing of the Kosvinsky facilities completion date is regarded as one explanation for U.S. interest in a new nuclear "bunker buster" Earth-penetrating warhead and the declaration of the deployment of the B-61 mod 11 in 1997; Kosvinsky is protected by about 1000 feet of granite.

As a consequence of the September 11 attacks, American forces immediately increased their readiness to the highest level in 28 years, closing the blast doors of the NORAD's Cheyenne Mountain Operations Center for the first time due to a non-exercise event. But unlike similar increases during the Cold War, Russia immediately decided to stand down a large military exercise in the Arctic region, in order to minimize the risk of incidents, rather than following suit.
The former chair of the United Nations disarmament committee stated that there are more than 16,000 strategic and tactical nuclear weapons ready for deployment and another 14,000 in storage, with the U.S. having nearly 7,000 ready for use and 3,000 in storage, and Russia having about 8,500 ready for use and 11,000 in storage. In addition, China is thought to possess about 400 nuclear weapons, Britain about 200, France about 350, India about 80–100, and Pakistan 100–110. North Korea is confirmed as having nuclear weapons, though it is not known how many, with most estimates between 1 and 10. Israel is also widely believed to possess usable nuclear weapons. NATO has stationed about 480 American nuclear weapons in Belgium, the Netherlands, Italy, Germany, and Turkey, and several other nations are thought to be in pursuit of an arsenal of their own.
Pakistan's nuclear policy was significantly affected by the 1965 war with India. The 1971 war and India's nuclear program played a role in Pakistan's decision to go nuclear. India and Pakistan both decided not to participate in the NPT. Pakistan's nuclear policy became fixated on India because India refused to join the Non-proliferation Treaty and remained open to nuclear weapons. Impetus by Indian actions spurred Pakistan's nuclear research. After nuclear weapons construction was started by President Zulfikar Ali Bhutto's command, the chair of Pakistan Atomic Energy Commission Usmani quit in objection. The 1999 war between Pakistan and India occurred after both acquired nuclear weapons. It is believed by some that nuclear weapons are the reason a big war has not broken out in the subcontinent.