If you follow current political events you will know of the struggles and overwhelming financial obstacles the European Union has been facing as of late. Greece has become insolvent and is close to bankruptcy, Italy and Spain are in the throes of financial crises, and the wealthier nations (Germany, Britain) are hesitant to bail them out. How did the European Union come about? What were its origins? And what is supranationalism and is it a good thing or not? These are the questions that this short paper seeks to answer.