pg 1109-1126 - Pages 1109-1126 ECONOMIC REBIRTH Birth of...

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Pages 1109-1126 ECONOMIC REBIRTH Birth of the Common Market o International cooperation and planning led to the creation of the Common Market and ultimately the European Union of the 1990s The Marshall Plan demanded as a condition for assistance that recipients undertake far-reaching economic cooperation 1951 – Italy, France, Germany, Belgium, Luxembourg and the Netherlands formed the European Coal and Steel Community (ECSC) managed joint production and prices among its members and arranged for the abundant West German output of coal and steel to benefit all of western Europe o In 1957, the six ECSC members took another major step toward regional prosperity when they signed the Treaty of Rome The treaty provided for a more general trading partnership called the European Economic Community (EEC), known popularly as the Common Market The EEC reduced tariffs among the six partners and worked to develop common trade policies Aimed to “prevent the race of nationalism, which is the true
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This note was uploaded on 04/08/2008 for the course HIST 1010 taught by Professor Frazier during the Fall '05 term at Western Michigan.

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pg 1109-1126 - Pages 1109-1126 ECONOMIC REBIRTH Birth of...

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