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Lots of revisionist history in here, IMO.
Mainstream hip hop was already dead in this era - this was actually a really terrible era for music. The golden age of hip hop was '87 - 94... I could be persuaded to extend that to '96. The late 90s and early 2000s was a pretty good time for "underground" and independent hip hop, as the emergence of the internet gave exposure to a lot of artists, but at the same time it wasn't so wide open as it is today, so any Tom, **** and Harry wasn't doing it. The scene then actually had a lot of talented dudes who were actually bringing something different to the table, as opposed to emulating it.
...I guess if you're from the South or Midwest, you might remember this time more fondly because your area started to get a bit more shine, but overall, we wouldn't be missing much if none of that happened at all.
The first half of the 90s was really when things were sweet - especially from an NYC perspective. Pre-Guiliani. Pre "quality of life" movement. NYC was still a playground - and there was a freshness and diversity among the urban culture. Look at all the stuff that came from the late 80s to early 90s that endured - you have sneakers and Polo pieces from that era that command 10 times what they were priced at back then. What has endured from the late 90s - early 2000s? Am I missing all the 400 page Iceberg, and Chris Webber Dada threads?
What's considered underground now? For some reason I feel like underground doesn't exist in todays hip hop era.