What conclusion can be drawn about the significance of the creation of the european coal and steel community? it returned government-owned industries, such as coal and steel, to private ownership in britain and later in other european nations. it led to increased tariffs and trade barriers that plagued europe into the 1980s and 1990s. it spurred economic growth and led to further regional cooperation, such as the creation of the european community. it was the last attempt by the nations of western europe to cooperate economically until the creation of the european union.