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Should The UK Leave The European Union?

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On June 23, 2016, the British people voted in a referendum to leave the European Union. It was one of the most important votes that the British people will have in their lifetimes. In the months leading up to Britains referendum on whether to leave the the European Union, many economists warned over and over again that a Brexit (Britain Exit) could have awful ripple effects. Although, there have been positive long-term effects of leaving the European Union, the decision made by the people of the UK to leave the European Union will have major repercussions for the UK and the rest of the world for decades, if not generations, to come. The United Kingdom will be poorer in the long-term from leaving because it will result in less trade, less foreign …show more content…

The European Coal and Steel Community only had six members: Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany. The ECSC was formed shortly after WWII, hoping to unite European countries economically and politically in order to secure ever lasting peace. In 1990, the European Union was formed and had twelve member states. Eleven of the countries adopted a common currency, the euro. However, the United Kingdom, along with a few other nations, refused to relinquish its national currency. The early 2000s was a period of booming growth for the EU, until the financial crisis that began in the United States spread to Europe. Greece, Spain, and Portugal, and other poorer nations within the EU undergone a complete collapse in their economies. Because these nations adopted the euro, their economic failures were reflected on every other nation that had adopted the common currency, and the international value of the euro quickly hit a four-year low. A couple years later, on June 23, 2016, the United Kingdom held a nationwide vote as to whether the United Kingdom should remain in the European Union. Voters in favor of leaving the EU won by 52 percent to 48 percent. This decision will negatively impact the future of the United Kingdom (Bisconti,

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