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
Corn
• Cost you $4 per pound to produce.• You can make $8-12 per pound.
Wheat
• 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.
Rice
• 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
Imports• To survive you HAVE to buy:
– 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
Imports• To survive you HAVE to buy:
–3 tools = $90
– subtract from your total cash
Broke?• How did you feel about Britain mercantilism?