EQ: What is the purpose of the European Union?HW: 10 more questions from your Study Guide SPONGESelf Assessment- Using your Unit 3“What I Know” go through and checkthe standards you “got” and circle theparts that you “don’t got”
What is the European Union?• EU- An organization of more than 25 European countries who joined together to encourage trade within Europe.• A multinational confederation• Creates a free-trade zone: no tariffs, no quotas, no embargos!
EUMembersSince2007,there are27membersof the EU
European Union MembersAustria Finland Latvia RomaniaBelgium France Lithuania SlovakiaBulgaria Germany Luxembourg SloveniaCyprus Greece Malta SpainCzech Republic Hungary Netherlands Sweden Ireland Poland UnitedDenmark Italy Portugal KingdomEstonia
S-C-L With your partner, brainstorm… Why do you think a country might want to join the EU?
Why Join Together?• Believe that when countries work together they are a more powerful force in the world because they involve: – More money – More people – More land area This helps make small countries more competitive in the world market…
Breaking it down by the #’s… EU United States Land Area 1,500,000 3,700,000 (approx.) Population 500,000,000 305,000,000 (approx.) Gross Domestic $14 Trillion $13.5 Trillion Product GDP Per Capita $28,213 $43,444•The US is much larger than separate European countriesWhen the EU countries combine, they have more people and a larger economy; theycan compete in a global economy
What’s the Purpose?#1- Create a peaceful, stable environment#2- Promote free trade among members#3- Ensure safety and security of member nations#4- Assist in social issues like preserving the environment and protecting human rights
S-C-L With your partner, brainstorm… One BENEFIT of European countries joining together for trade.
Benefits for the MembersMembers may use a common currency (euro) that makes trade easierEU works to improve trade, education, farming, & industry among its membersNo tariffs (taxes) among member countries – free trade zone
S-C-L With your partner, discuss… How would having different currency (money) effect trade in Europe?
Euro• The euro is the currency of MOST EU countries.• Member countries can choose to give up their own currency and exchange them for euros. – French francs and German marks have been replaced by the euro• Why? Common currency makes trade between the countries much easier and less expensive• 12 countries in the EU do not use the euro • United Kingdom has decided to continue to use the British pound
DirectionsUsing your resources, choose your task from your handout and complete your assignment.Resources: Notes Coach book pages 142-143 Textbook pages 328-333 Partner Teacher iPad Computer
TOTD- ABC SummaryUsing your post it note, and your assigned letter, create a sentence explaining a key idea from today’s lesson that starts with your letter.EX- “E”The EURO is the the common currency of many EU nations that helps to make trade easier.