Launched in its current incarnation in 1990, American Photo’s existence parallels a time of incredible transformation in photography. The birth of digital changed the way images were made, and then the Internet and, later, social media transformed the way images were shared. Bigger pictures made their way into big museums, while little ones exploded in the devices in our pockets. Editorial budgets shrank and stalwart magazines disappeared. The last roll of Kodachrome was shot. Despite—or perhaps because of—all of this change, photography is as alive as ever. Here’s our look at the past 25 years in pictures: the images of a generation.