European integration from "summary" of Iron Curtain by Anne Applebaum
The idea of European integration was based on a simple concept: the more European nations cooperated, the less likely they would be to go to war with one another. The Schuman Plan, proposed by French foreign minister Robert Schuman in 1950, aimed to create a coal and steel community that would integrate the economies of France and Germany. By intertwining their industries, the two countries would become economically interdependent, making war between them less feasible. The European Coal and Steel Community (ECSC) was formed in 1951, with six countries signing the Treaty of Paris. Over time, the ECSC evolved into the European Economic Community (EEC), creating a single market for goods and services. This economic integration was seen as a way to promote peace and stability in Europe, as countries that traded with one another were less likely to engage in conflict. The signing of the Treaty of Rome in 1957 laid the foundation for further European integration, with the establishment of the European Atomic Energy Community (Euratom) and the European Community (EC). The goal was to create a c...Similar Posts
Budget deficits
Budget deficits occur when a government spends more money than it collects in revenue. This imbalance can lead to a host of eco...
International financial crises can have farreaching consequences
International financial crises can have far-reaching consequences that extend beyond borders and impact economies worldwide. Th...
Protectionism can lead to trade disputes
Protectionism, which involves government policies that restrict international trade, can have significant implications for trad...