1. Creation of European Union Mrs. Craig

2. European Economic Integration 1 st --1947 GATT-- General Agreements on Tariffs and Trade 23 nations Became the foundation for postwar global commerce Provided a framework for continuing negotiations (rounds) By1990- 99 nations were participating

3. European Economic Integration 2 nd —1952– European Coal and Steel Community---- ECSC HQ--- Luxembourg Inner Six- Benelux nations + France, Italy, W Germany Placed their coal/steel under a form of supranational authority Eliminated tariffs, duties & quotas on coal/steel

4. European Economic Integration 3 rd – ECC – European Economic Community HQ –Brussels Created by Treaty of Rome Created a larger free trade area or customs union Eliminate all trade barriers One common tariff with outside world Free movement of capital and labor

5. European Economic Integration 4 th - 1967- combined ECSC and EEC to form the EC European Community HQ– Brussels European Parliament---- “Eurocrats” 518 members (elected by all voters in Europe)– limited legislative power Created Court of Justice

6. European Economic Integration 5th--- 1991-2 Maastricht Agreements European Union created from the EC. “one currency, one culture, one social area and one environment” Create s frontier –free Europe– one common EU passport One large common market--- goods into EU would have high tariffs on them 2002- common currency– Euro 2003- --creates 60,000man EU rapid defense force