Today in History: The Euro Debuts

| January 4, 2018

180102_News_219x365Bitcoin, the first cryptocurrency, a decentralized, worldwide payment system, has been topping the news, but looking a little further back to milestones in economic and political history…. did you know that on January 4, 1999 the euro debuted as the new financial unit of eleven European nations (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain) which sought greater unity and growth in the economy? Established by the 1992 Maastricht Treaty on European Union, the euro consisted of eight coins and seven paper bills. Euro cash began to circulate some three years later, theoretically simplifying the ability to conduct business and travel throughout Europe. Today, 19 of 28 member states use the euro, making it is the second most traded currency in the foreign exchange market after the United States dollar.

The following articles are drawn from Proquest Historical Newspapers, which informs and inspires classroom teaching and learning.



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