GEOG 1001 Chapter : NATO
Document Summary
Article 5 states that if some country (or someone) attacks 1 of the 28 members, then they attack all 28 members. This way the 28 members can try and protect the security in the north atlantic. Even though nato tries to resolve problems peacefully, if there has been an attack they are allowed to and they will use armed forces. Industrial revolution: large agriculture surplus, rise of merchant class and entrepreneurial class, changes in science and math, transportation technology, increased military strength, cheap labor and resources when needed. Euro: austria, belgium, cyprus, estonia, finland, france, germany, greece, ireland, italy, luxembourg, malta, netherlands, portugal, slovakia, slovenia, spain. Used by 17 out of the 27 members. Jan 1, 1999 euro was introduced and traded on international market. Worth . 34 today: huge economic bloc, transactions in europe are cheaper, transactions in europe are less risky, transactions in europe are more transparent, companies combine across national borders.
