Meaning: This sentence means that people felt hopeful and their dreams became possible.
Choice of Words: "Hope" is a feeling of expectation and desire for a positive outcome. "Ignited" means it was set on fire or made to start burning. "Dreams" are thoughts and aspirations. "Awakened" means they were brought to life or made conscious. "Hope ignited, dreams awakened" means that people felt hopeful and their dreams came alive.