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After World War II, six European countries—West Germany, France, Italy, Belgium, the Netherlands, and Luxembourg—formed the European Coal and Steel Community in 1952 to promote economic and political cooperation and prevent future conflicts. In 1957, they expanded this cooperation by signing a treaty that included trade, and the community was renamed the European Economic Community. The scope continued to broaden, leading to the establishment of the European Union (EU) in 1993. Currently, 28 countries are members, allowing citizens to travel across borders with ease. Notably, 19 of these countries share the euro as a common currency, which is an unprecedented arrangement among diverse nations.