jan 1, 1957 - Common Market is formed

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A mutual implementation of state planning, economic growth, and democratic government inspired gradual steps towards unity. Similar financial arrangements and institutions along with American aid eased divisions and led to the Organization for European Economic Cooperation and the Council of Europe. The Council of Europe’s political consolidation upsetted many, and European federalists turned to economics as a way of working toward genuine unity. The European Coal and Steel Community closely linked nations in a transnational market for steel and coal without national tariffs and quotas. The founding nations signed the Treaty of Rome, which created the European Economic Community, or Common Market (later the European Union). It encouraged gradual reduction of tariffs, free-market economics, trade, global exports, and sharing resources for the modernization of national industries.

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