ABSTRACT
The Treaty of Paris which set up the European Economic Community (EEC) was inspired by economic and security interests which cut across those of the United States of America (USA) and the Union of Soviet Socialist Republics (USSR). The expansion of the Union attests to the success of the economic inducements used to attract members, leading towards a Federal Union with a single economic, political and security policy. The Warsaw Treaty Organization was set up by the Warsaw Pact which was signed by the countries of the Soviet bloc in 1955 primarily as a military response to the creation in the West of the North Atlantic Treaty Organization (NATO). The North Atlantic Co-operation Council (NACC) is another NATO initiative designed to cross the East-West divide. The Bretton Woods Conference of 1944, and the agreement which emerged from it, was an attempt by Britain and the United States to establish post-war economic stability, particularly of international exchange rates.
