orgs notes part 2.docx - First SectionFirst video EU is a trade block that\u2019s how it started 27 states in EU GDP 16-17 trillion dollars a year EU

orgs notes part 2.docx - First SectionFirst video EU is a...

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First Section- First video: EU- is a trade block!, that’s how it started 27 states in EU GDP- 16-17 trillion dollars a year EU- biggest economy on the planet and bigger than th US’ A united states of Europe? Eu happened in Europe because of war like WW1 or WW2 Scared of WW3 so made EU Economically binding countries can help with future wars 1951/1952- Europe was destroyed and needed to be rebuilt with infrastructure ECSC- 1951 european coal and steel community, based on trade but not free trade ECSC was signed by “real European core”: o France o Germany o Italu o Belgium o Netherlands o Luxembourg 1957- merged coal and steel and atomic and open trade, lower tariffs and lower other limitations leading to the EEC in 1957, 1993 changed to EU*** wanted to create common currency, union(legislative body), common military Major expansions of countries wanting to join Why do countries want to join? o More money! Why do rich countries tho? o The economy of the eu can campaign powerful counties like US, China, Japan o Free movement of good and services o Virtually no tariffs o Free movement of labor and free movement of people Four other countries want to join Singular government Singular court system, laws, rights Under singular foreign policy Legal entity Is the model for the world to follow NAFTA stands alone Major shaper of the world economy and other things Get EUsed to it Video 2: EEU- eurasion union Russian device to form an economic union Free trade, faciliatating
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Established in may 2014 Belarus, Kazakhstan, and Russia
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