WORLD HISTORY

HISTORY

THE WORLD TODAY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In 1993, the European Economic Community became the ____, a bloc of European nations that work together to promote a freer flow of capital, labor, services, and goods.
A
Green Revolution
B
NATO
C
Good Friday Agreement
D
European Union (EU)
Explanation: 

Detailed explanation-1: -Denmark takes over the Presidency of the Council of the European Union. The European single market enters into force, as the European Economic Community eliminates trade barriers.

Detailed explanation-2: -The EEC was also known as the European Common Market in the English-speaking countries and sometimes referred to as the European Community even before it was officially renamed as such in 1993.

Detailed explanation-3: -The Maastricht Treaty (formally known as the Treaty on European Union), which was signed on February 7, 1992, created the European Union.

Detailed explanation-4: -The Maastricht Treaty officially came into force on 1 November 1993 and the European Union was officially established.

Detailed explanation-5: -The EU is the world’s largest trading bloc. The EU is the world’s largest trader of manufactured goods and services.

There is 1 question to complete.