The Industrial Revolution began in the United Kingdom in the late 18th century.

Mercantilism was the dominant economic system in Europe before the Industrial Revolution.

The Great Depression was caused by the stock market crash of 1929.

Germany experienced the fastest economic growth after World War II.

The European Economic Community (EEC) was formed in 1957.

Poland, Czech Republic, and Hungary all joined the European Union in 2004.

The euro is the single currency used by many European countries.

Luxembourg has the highest GDP per capita in Europe.

The European Central Bank (ECB) is the central bank of the eurozone.

Iceland has the lowest unemployment rate in Europe.

The European Investment Bank (EIB) is the lending arm of the European Union.

Greece has the highest public debt in Europe.

The European Stability Mechanism (ESM) is a financial assistance mechanism for eurozone countries in financial difficulty.

Germany has the highest trade surplus in Europe.

The European Single Market (ESM) is a single market for goods, services, capital, and labor within the European Union.