European Coal and Steel Community
The European Coal and Steel Community (ECSC) was established in 1951 as a way to promote economic cooperation among six European countries: Belgium, France, Germany, Italy, Luxembourg, and Netherlands. Its main goal was to regulate the coal and steel industries, which were vital for post-war reconstruction and economic stability in Europe. By pooling resources, the ECSC aimed to prevent conflicts and foster peace among its member states.
The ECSC was a precursor to the European Union and laid the groundwork for further economic integration in Europe. It operated until 2002, when its treaty expired, but its legacy continues to influence European cooperation in various sectors, including trade and industry.