String theory is an attempt to combine all of the known physical force
s into a single unified framework. A powerful new type of duality symm
etry has recently been discovered in string theory which has led to im
portant breakthroughs. What were previously considered to be five dist
inct string theories are now known to be different aspects of an under
lying structure called M-theory. In addition to strings, extended obje
cts of higher dimension or 'branes', play a key role. We review these
developments and discuss the impact that they are having on quantum fi
eld theory and the quantum properties of black holes.