Coalition created by members of western Europe to avoid more population loss and destruction/damage; first steps toward cooperation between nations
Germany, France, Italy, the Netherlands, Belgium and Luxembourg sign the treaty presented by Schuman to run their coal and steel industries under a common management to promote peace and cooperation within the nations.
Expanding on the Schuman Plan, the countries expand their joint cooperation to create the EEC or "common market" to allow for easier trade and travel between nations.
Berlin Wall goes up
The six countries remove the need for customs duties, allowing free cross-border trade for the first time in history and creating the world's largest trading group
Taking steps toward a joint currency, and in an effort to maintain monetary stability, the exchange rate mechanism is created and currencies within the trade union are only allowed to fluctuate minimally
Denmark, Ireland, and the UK are added to the union
First time in history that the citizen directly elect members of European Parliament and the Parliament's influence continues to increase.
EU expands to 10, as Greece joins the union
EU expands to include Spain and Portugal
Works to standardize national boarder regulations, gives European Parliament more power, and strengthens powers of Environmental protection within the union
Berlin wall falls, symbolism the fall of communism as huge populations of Eastern European individuals pour into the west (and East Germany joins the EU)
Treaty signed to move toward a single currency and establish foreign and security policies. The name "European union" finally replaces "European Community"
A single unified market is finally realized with free movement of people, goods, and most services.
EU expands to include Austria, Finland, and Sweden, now consisting of 15 members and almost all of Western Europe
The Euro is introduced in 11 countries ( Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal and Finland; Greece joins two years later) for commercial and financial transactions
EU expands to include Eastern European countries including Czech Republic, Cyprus, Estonia, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia and Slovakia
The 25 countries sign a treaty establishing a EU Constitution in an effort to stream-line democratic decision making and designate a European Foreign Minister
Bulgaria and Romania join the EU, bringing the coalition to 27 members.
September 2008 marks the fall of the world economy and necessitates closer economic cooperation within countries of the European Union