Political scientists and policy-makers agree that democratic states were less likely to engage each other in militarized disputes than were other states during the Cold War. Most among them attribute this to their domestic political structures. Some, however, believe that the common and conflicting interests that the East-West conflict induced explain the relatively low democratic-dispute rate. Evidence from the post-Cold War world can help to arbitrate between these very different claims, as the collapse of the Soviet Union destroyed the bipolar system, precipitated a sharp rise in the number of democracies, and shifted dispute-rate patterns. The analyses in this paper show that dyadic dispute rates converge after the Cold War, casting doubt on the existence of a democratic peace.