Euro
In the global economy, the U.S. dollar dominates the market. In order to balance the overwhelming control the U.S. has, a new union was created, the European Union. In 1946, Winston Churchill first envisioned a union of this magnitude. In January of 1992, its initial 12 members founded the European Union (EU). They were, in alphabetical order, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and United Kingdom (XE 1). In 1995, Austria, Finland, and Sweden join the EU (CQResearcher 1027). A few years later, it was decided the EU would adopt a common currency. This new currency would be called the Euro. Its main function would be to reduce swings in currency values to make it cheaper to trade both within Europe, and with surrounding nations. It would also help to balance the power that the US Dollar has over the global economy. It would also help to stabilize prices. It has other benefits within the participating parties, such as making prices fall by forcing companies to become competitive by fighting for the lowest price. It will also raise awareness of unfair pricing by not having to convert between currencies (CQResearcher 1027). Co
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Some common words found in the essay are:
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Approximate Word count = 1060
Approximate Pages = 4 (250 words per page double spaced)
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