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    Luke Lampitt
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    The European Union was formed after centuries of war in Europe to promote cooperation among European countries and prevent further conflict. It started with six founding countries and has since expanded. A key goal was establishing a single market in 1993 without restrictions on the movement of goods, services, people, and money between members. The EU functions economically like a single country in negotiating trade deals despite each member retaining its own government and laws.

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    The European Union was formed after centuries of war in Europe to promote cooperation among European countries and prevent further conflict. It started with six founding countries and has since expanded. A key goal was establishing a single market in 1993 without restrictions on the movement of goods, services, people, and money between members. The EU functions economically like a single country in negotiating trade deals despite each member retaining its own government and laws.

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    15 views9 pages

    European Union

    Uploaded by

    Luke Lampitt
    The European Union was formed after centuries of war in Europe to promote cooperation among European countries and prevent further conflict. It started with six founding countries and has since expanded. A key goal was establishing a single market in 1993 without restrictions on the movement of goods, services, people, and money between members. The EU functions economically like a single country in negotiating trade deals despite each member retaining its own government and laws.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 9

    European Union

    European Union

    Europe has endured wars for centuries. The EU was designed to join Europe together and avoid
    any further fighting.

    In 1993 the Single Market is completed with the 'four freedoms' of: movement of goods, services,
    people and money

    The six founding countries are Belgium, France, Germany, Italy, Luxembourg and the
    Netherlands.
    Deadliest wars ever

    World War 1 (20 million dead)

    Causes:

    competing for land/resources in Africa

    Countries like Germany increasing toxic-level national pride (nationalism)

    Secret treaties/alliances- this pulled all of europe into the fight

    Industrial militaries were begging to be used (militarism)


    Deadliest wars ever pt. 2

    World War 2 (75 million dead)

    Causes:

    Germany was forced to take blame and pay for all the WW1 damages in Europe

    Germany was forced to give up territory after WW1

    Germany was forced to give up its pride and military after WW1
    What is it?

    The EU was created to link the economies of Europe. The purpose was to simplify
    business and give Europe greater bargaining power with the rest of the world.

    Instead of say, just France or just Belgium negotiating for a good price on steel from
    the USA, the entire EU can order more steel together, and demand a better price.

    In other words, the EU functions like one country, economically, even though each
    individual nation has their own governments and laws.
    World economies in GDP

    USA- 20.5 Trillion

    European Union- 18.8 Trillion

    China - 13.6 Trillion


    Where?
    What currency would you use if you visited
    Mexico? Canada? What about Italy? France?
    If you travel…..

    1 Euro = $1.16 11/2/21

    So.

    How much do you have to pay to buy 1 Euro today?

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