Throughout The History Of Human Civilization, Many Specific

1782 WordsMay 20, 20178 Pages
Throughout the history of human civilization, many specific situations and conditions created space for countries to unite together and establish different unions in order to achieve a similar goal. The European Union is one of the most powerful and decorated united organizations of the world. Since its establishment, it has expanded into a unit of power and economic development, and has become one of the world’s largest collaborative forces (Jain, 2012, p.34). The organization has also won the Nobel peace prize for its advancement in the causes of peace. But is it truly a global power? In this paper, we will discuss the European Union’s exertion and influence of power in not only Europe but all over the world. History of the EU The EU…show more content…
Also, at that time, Europe faced a massive political challenge from the Soviet Union (Russia) as Europe’s defenses were left shattered because of the war (Wild, 2017). To solve these growing problems, six neighboring countries signed an agreement in Paris to establish a free trade area for key resource materials like steel, coal and iron. Resources were chosen based on their importance in military and industry (Telò, 2013, p. 55). This was the first ever union that included Belgium, Italy, France, Germany, Luxemburg, and Netherlands. It was named the European Coal and Steel Community (ECSC). Their first key goal was to re-establish Germany’s industrial sites. Due to success of the ECSC, the six member countries decided to extend their unity and as a result, two new treaties were signed in 1957. The first treaty was signed in Rome and it established the European Economic Community (EEC) aiming to form a custom economy within the countries (Wild, 2017). The second treaty was European Atomic Energy Community and it was aimed for developing nuclear energy as a corporation. The European Union was formally established in 1992 by signing the Maastricht treaty and became fully operational in 1993. In 1995, Sweden, Austria and Finland joined the EU. In 2002, Euro currency replaced the national currency in 12 of the union member nations. It is now the second largest reserve currency in the world. In 2004, the EU had its largest expansion as 10 nations joined the union at

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