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Essay / Research Paper Abstract
This 4 page paper looks at the historical development of the EU and the single currency, how and why it has been of value to the current member states, including recent members such as Poland and why Croatia may benefit from membership. The bibliography cites 5 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEEUcroatia.rtf
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Unformatted sample text from the term paper:
economically, it was hoped that peace could be achieved by creating trade ties and a close economic relationship in a way that political negotiations and relationships had not been able
manage. The European Union developed as an essential extension of actions beginning with the Marshall Plan of 1948, following the end of
the Second World War. The plan, which moved European countries into unifying action and called for the reduction of trade barriers, tariffs and the implementation of currency controls, was
hoped to demonstrate the effectiveness of a free European internal market (Palmer and Colton, 1969). Where countries had interdependent financial markets there was a lower possibility of war.
The first fiscal unification in Europe called for a "payment union" that provided a vehicle for the conversion of currencies within Europe (fixed/pegged rates).
The unification of Europe under a common economic plan in the early 1950s created an immediate increase in industrial production, marked by prosperity through the common trade goals through
out the region. By 1952, economist and theorists had developed a number of plans to promote the economic integration and strength of the European collective (Palmer and Colton, 1969).
Robert Schuyman and Jean Monnet developed a plan to unify six of the industrial countries in the region, France, Italy, West Germany, Belgium, the Netherlands and Luxembourg, under the European
Coal and Steel Community (ECSC) (Palmer and Colton, 1969). The ECSC was created to bring the natural resources of these countries together, pooling coal and steel resources to improve
production and trade (Palmer and Colton, 1969). In 1957, under a number of treaties signed in Rome, the next step in the development of European unification was designed (Palmer
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