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Europe Government and Economics

Explore the history and impact of the European Union, from the establishment of the Common Market to the adoption of the Euro. Discover how these initiatives have facilitated easier trade, promoted democracy, and stabilized economies. Learn about the challenges and benefits of immigration and changing demographics in Europe.

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Europe Government and Economics

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  1. Europe Government and Economics

  2. 2.1 The European Union • History of unifying • 1948- Marshall Plan was used to rebuild Europe after WWII • 1953- Common Market established to put down trade barriers • 1992- European Union started to help trade, stabilize governments and unify Europe

  3. 2.1 How have these united Europe • Countries realized they could accomplish more if they worked together • Trade became easier and less expensive • No restrictions or tariffs on imports and exports • Common currency( Euro) • Promoted Democracy on the continent

  4. 2.2 Impact of the Euro • Eurozone( 17 countries) was established were common currency would be used • Euro • Common side- have same image and a number value • National side(back) – have a design chosen by the member nation

  5. 2.2 Economic Impact • No fees for exchanging money • Made travel easier and less expensive • Increased tourism • Lowered fees for conducting business- trade increased • Comparison shopping- buy the cheapest products- competition developed

  6. 2.2 Political Benefits • Unity among nations • Financial help- Greece and Ireland • Loans given to countries in financial difficulty • Stabilizes the economy , which stabilizes the countries government. Less rebellions and political unrest

  7. 2.3 Democracy in Eastern Europe • Challenges • Corrupt leaders • Civil wars( Yugoslavia) • Interference from Russia • Interference from Communist parties

  8. 2.3 Market Economy in Eastern Europe • Challenges • Slow developing private businesses • Businesses aren't competitive • Rise in prices • unemployment

  9. 2.4 Europe: Changing Demographics • Aging population – average age is rising and more people are retiring ….. Shortage of workers • Workers are needed to pay taxes to pay for education and health care • Guest workers and immigrants have filled the gap in most countries

  10. 2.4 Changing Demographics • Reasons for immigration • Jobs and a better life • Escape poverty • Escape civil wars, political unrest and conflict • Escape unjust governments • Challenges of immigration: Tensions • Competition for jobs • Illegal immigrants cause economic strain • Different cultural traditions and customs • Different religions and beliefs

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