EUROPEAN UNION. ECSC EEC EC EU 1951 1958 1967 1992 Set up a common market for the coal and steel industry Integrated the members’ economic resources over.

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Presentation transcript:

EUROPEAN UNION

ECSC EEC EC EU Set up a common market for the coal and steel industry Integrated the members’ economic resources over 12 yrs. Merged the EEC and the Atomic Energy Communities Provided the legal basis for introducing the EURO

1. Why was it created? --to avoid another war in Europe --promote cooperation --promote interdependence

2. What is its purpose --eliminate tariffs among member countries --to create one single market and currency

3. Who are these member countries United KingdomAustria NetherlandsFranceBelgium DenmarkGermanySpain LuxembourgPortugalGreece FinlandIrelandSweden ItalyCyprus Czech Republic

EstoniaHungaryLatvia LithuaniaMaltaPoland SlovakiaSloveniaBulgaria Romania

4. What do they have in common? -- geographic location --have a form of representative government --industrialized --high literacy rates --U.S plays a role in their trade --Euro-currency highly debated and used between nations, but not all use the euro within nations

5. What are their differences? --availability of resources --population concerns --economic pressures --some are more dependent on foreign sources of energy

6. Future Goals --add new members --compete for $$ within NAFTA

7. Present challenges? --economic struggles --history --corruption in their government

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