DO-NOW- Recall and re-define: What is Mercantilism? How did it affect the colonies? The crown? Make...

DO-NOW-Recall and re-define:•What is Mercantilism?

•How did it affect the colonies? The crown?

Make inferences:Why did it take time for the colonies to rebel against this system?

TODAY’S AGENDA-Do-NowGo-Over homeworkMercantilism Simulation

HOMEWORK-Read Chapter 3, Section 1 in your books so that you will be able to participate in discussion tomorrow!

Monday, September 29

Warm-up: Mercantilism Ditto…. on Lectern…take one note card…fix question #2

Mercantilism Game

• Divide you into 5 colonies…

• Once you get into your colony choose which of the 13 colonies you want to be…

• Goal make us much money as possible and buy supplies needed to survive.

New England Colonies Product Choices

• Whale Oil

• Shipbuilding

• Fur trade

Fur Trade

• Furs cost you $10 per fur.

• You can make $60-$90 per fur on the open market.

Whale Oil

• Costs $10 per barrel to produce.

• Market cost is between 15-50 dollars.

Shipbuilding

• Costs $80 per ship you make.

• Market cost is between $120-$300.

Middle Colonies

•Corn•Wheat•Livestock

• Cost you $4 per pound to produce.• You can make $8-12 per pound.

• Cost you $3 per pound to produce.

• You can make $6-15 per pound.

Livestock

• It costs you $5 to produce a pound of beef.

• You can make $20-$50 per pound on the open market.

Southern States

• Tobacco• Tobacco• Rice

Tobacco

• Costs you $3 per pound to produce.• You can make $2-$50 per pound.

• Costs you $1 per pound to produce.• You can make $2-$12 per pound.

Production

• Decide how much product you want to make..(sheet/notecard)

• Subtract the cost of production from your cash total

• Come see England (amount you made on notecard)

Exports Step 2

• England (ME) will read note card and write down the amount ordered and price paid.

• Add income back to cash total.

• Any unsold merchandise? Trash it…

Imports• To survive you HAVE to buy:

–20 chairs = $80– take this from your total of cash

– 4 navigation maps = $210– take this from your total of cash

• To survive you HAVE to buy:

– 4 doses of medicine = $60– take this from your total of cash

Imports

–3 tools = $90

– subtract from your total cash

Broke?• How did you feel about Britain mercantilism?

DO-NOW- Recall and re-define: What is Mercantilism? How did it affect the colonies? The crown? Make...

Documents

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