Answer :

After the second world war, the European economy was aided by the cold war. Under the Marshall Plan, US extended massive financial support to the European economy.


• Under the Marshall Plan, the Organisation for European Economic Cooperation was established in 1998 channelling aid to the western European states. Its members were- France, west Germany, Italy, Belgium, the Netherlands, and Luxembourg.


• Another way forward in political cooperation was the formation of the Council of Europe in 1949. The European Parliament was formed.


• In 1973, Denmark, Ireland and the United Kingdom joined the European Committee.


• In 1981, Greece joined EC.


• The Schengen agreement abolishing border controls among the EC members was signed in 1985.


• In 1986, Spain and Portugal join EC and in 1990 Germany is unified.


• The Treaty of Maastricht was signed in 1992 establishing the European Union and a single market was created.


This is how the European Union was formed.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Explain any four Political Science - Board Papers

Resistance Political Science - Board Papers

Note: The fPolitical Science - Board Papers

Study the cPolitical Science - Board Papers