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Question
How did the European countries resolve their Post Second World War problem? Briefly outline the attempts that led to the formation of the European Union.
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Solution
After the end of Second World War in 1945, the European States confronted the ruin of their economies and the destruction of assumptions and structures on which Europe had been founded. European countries resolved their Post Second World War problems in the following manner:
- Under the ‘Marshall Plan’ the USA provided financial help to revive European economy.
- The US also created a new collective security structure under NATO.
- Under the ‘Marshall Plan’ the organisation for European Economic Cooperation was established in 1948 to extend cooperation on trade and economic issues among the Western European States.
- European Union was founded in 1992 for a common foreign and security policy, cooperation on justice and home affairs and creation of a single currency. It evolved from an economic union to political one over time.
The following attempts led to the formation of European Union:
- The Council of Europe was established in 1949 for political cooperation.
- The process of economic integration of European Capitalist countries led to the formation of European Economic Community in 1957.
- The above mentioned processes acquired a political dimension with the creation of European Parliament.
- The collapse of Soviet bloc put Europe on a fast track and resulted in the establishment of European Union in 1992.
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