VOLUME XXXVIII – NUMBER 2
Jennifer Worley
Abstract: On July 1st, 2002 the euro launched to complete the economic integration of Europe. While intended to serve the higher purpose of unifying the European continent, there has been fear in the United States concerning its relation to the US dollar. Worries that the euro will destroy the dollar, and subsequently the US economy, have led to a hasty resentment of Europe from Americans suffering in an economic slowdown. Economists have set out to explain how this is not the case from their professional perspective. However, it is important to note not only the economic importance of the European Union, but also its historical significance for Europe and the US’s role in its creation, in an attempt to prevent a third world war.
Key Words: Europe, United States, Economy, European Union
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