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The European Union (EU). SS6CG5 The student will explain the structure of modern European governments. b . Describe the purpose of the European Union and the relationship between member nations. . Vocabulary. European Union 2. Euro 3. Tariff 4. Gross Domestic Product (GDP) 5. currency
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The European Union (EU) SS6CG5 The student will explain the structure of modern European governments. b. Describe the purpose of the European Union and the relationship between member nations.
Vocabulary • European Union 2. Euro 3. Tariff 4. Gross Domestic Product (GDP) 5. currency 6. per capita
What is the purpose of the EU? • Its members can work together for advantages that would be out of their reach if each were working alone. • When more countries work together, they involve more people, more money, and more land area. • This makes smaller countries of the EU more competitive in the world market.
Currency “money” • Most members of the UN use the Euro. • The Euro is to the EU as the Dollar is to the USA. • What specific advantages do you think members of the EU have by sharing the same currency?
Advantages • Trade between the countries become much easier and less expensive. • Citizens do not have to exchange currency to spend money in other EU countries. • Consumers and businesses can compare prices more readily, which stimulates competition.
Other Advantages of the EU • Improved trade • Education • Farming • Industry • For example, there are no tariffs between countries in the EU. This make a large free-trade zone. • Citizens can live and work in any other UN nation.
Limitations of the EU • The EU does not handle all the government business for the member countries. • Each country makes it own laws, has its own military, and elects its own leaders. • Do you think these points are an advantage or disadvantage?
Vocabulary Review • European Union(EU) • tariff • gross domestic product (GDP • Euro • per capita • An economic and political grouping of countries in Europe. B. Total value of the goods and services produced by a country in a given time period C. A fee imposed by the government on imported goods and services. D. The common unit of currency used by most EU countries E. For each person
Questions • What is the purpose of the European Union?