POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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European Coal and Steel Community
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Euro
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Either A or B
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None of the above
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Detailed explanation-1: -It set up the European Coal and Steel Community (ECSC) which brought together 6 countries (Belgium, Germany, France, Italy, Luxembourg and the Netherlands) to organise the free movement of coal and steel and to free up access to sources of production.
Detailed explanation-2: -European Coal and Steel Community (ECSC), administrative agency established by a treaty ratified in 1952, designed to integrate the coal and steel industries in western Europe. The original members of the ECSC were France, West Germany, Italy, Belgium, the Netherlands, and Luxembourg.
Detailed explanation-3: -The ECSC was based on supranational principles and was, through the establishment of a common market for coal and steel, intended to expand the economy, increase employment, and raise the standard of living within the Community.
Detailed explanation-4: -The European Coal and Steel Community (ECSC) pooled the coal and steel resources of six European countries: France, Germany, Italy, Belgium, the Netherlands, and Luxembourg (BENELUX). These countries would be collectively known as “the Six”.