Fake Essay
European Economy Essay 1
Introduction
The development of the European economy since 1945 to the present day has been significant as much change has occurred during this period of time. The first and possibly most interesting development that occurred during this time that I will write about is ‘The Golden age’. The Golden age transpired post World War II in the time period 1950-1973 and was a period of great economic growth within Europe. There were several reasons for the growth and development of the European economy during this time period and I will discuss each in detail throughout my essay with the support of scholarly articles and book chapters relevant to the development of the European economy throughout these decades.
EU-Monetary policy
In the aftermath of World War II in 1951 ‘The European steel and coal community’ was set up to run heavy coal and steel industries within Europe under common management. Six founding countries, Belgium, France, Germany, Luxembourg, Italy, and the Netherlands were part of this treaty. In 1957 the treaty of Rome was signed as the six founding countries expanded to other economic sectors and as a result of this trade could move freely across the union. Many other European countries began to join the union and a common currency was introduced known as the Euro. This was a huge development in the Economy and aided Economic growth within Europe as the member countries freely traded with each other and shared infrastructure. The shared currency also ended currency speculation and created a much more stable currency zone which was essential for the evolvement of the European Economy post World War II and today the EU is the largest economic body in the world.(Smyth, 2012)
The Golden Age
The Golden age was a time when almost all countries experienced Economic growth regardless of their political regimes. One of the major reasons for the huge growth in the economy within Europe was
Introduction
The development of the European economy since 1945 to the present day has been significant as much change has occurred during this period of time. The first and possibly most interesting development that occurred during this time that I will write about is ‘The Golden age’. The Golden age transpired post World War II in the time period 1950-1973 and was a period of great economic growth within Europe. There were several reasons for the growth and development of the European economy during this time period and I will discuss each in detail throughout my essay with the support of scholarly articles and book chapters relevant to the development of the European economy throughout these decades.
EU-Monetary policy
In the aftermath of World War II in 1951 ‘The European steel and coal community’ was set up to run heavy coal and steel industries within Europe under common management. Six founding countries, Belgium, France, Germany, Luxembourg, Italy, and the Netherlands were part of this treaty. In 1957 the treaty of Rome was signed as the six founding countries expanded to other economic sectors and as a result of this trade could move freely across the union. Many other European countries began to join the union and a common currency was introduced known as the Euro. This was a huge development in the Economy and aided Economic growth within Europe as the member countries freely traded with each other and shared infrastructure. The shared currency also ended currency speculation and created a much more stable currency zone which was essential for the evolvement of the European Economy post World War II and today the EU is the largest economic body in the world.(Smyth, 2012)
The Golden Age
The Golden age was a time when almost all countries experienced Economic growth regardless of their political regimes. One of the major reasons for the huge growth in the economy within Europe was
Bibliography: Caniels M.C.J (2000), Knowledge spillovers and Economic growth:Regional growth differentials across Europe , Cheltenham, Edward Elgar publishing Ltd. Crafts.N,Toniolo.G(1996),Economic growth in Europe since 1945,Cambridge,Press syndicate of the University of Cambridge. Staab.A(2011),The European union explained: Institutions, actors, global impact.2nd Edition, Bloomington, Indiana University Press. Eichengreen.B(1995),Europes Postwar Recovery,Cambridge,Cambridge University Press. Orwell.G(2006),Black Gold:The new frontier in oil for investors,New Jersey,John Wiley and sons. Stijn.V(2012),The reform of European Economic Governance: Towards a sustainable monetary union,Kwintensberg, Academia Press Eichengreen.B(2007),The European Economy since 1945,Princeton University Press. Smyth.P(2012),Week 1 Introduction,EC4027, European Economy,University of Limerick,unpublished. Smyth.P(2012),Week 2 Post war Economic growth and European integration and Social policy,EC4027, European Economy,University of Limerick,unpublished.