Mercantilism Simulation Game

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Presentation transcript:

Mercantilism Simulation Game

Review of Trade What is mercantilism? What is capitalism, or free trade/market?

Mercantilism Game Toothpicks = Gold Bars Britain: Manufactured Goods Dum-Dums(10) Colonies: Raw Materials ( fish & lumber; wheat; tobacco, rice, indigo, cotton) New England -Peppermints(15) Middle - Starburst (25) Southern -Tootsie Rolls (15) Spain: Manufactured Goods Dum Dums(10) The Netherlands: finished products Dum Dums (10) As the bank, we will have 20 toothpicks.

Your Task Your goal is to acquire as much gold as possible by trading and selling your goods

Rules of Trades Colonies (N.E., Middle, Southern) can only trade with Euro countries (England, Spain, Netherlands) Euro countries can only trade with colonies Countries cannot trade with each other 2 colonial raw materials can be traded to Europe for 1 finished product OR can be sold for 1 gold bar 1 finished product can be traded to the Colonies for 2 raw materials OR can be sold for 2 gold bars AFTER TRADING--trade your products to the “BANK” (Mr. Morton) for gold bars until the BANK runs out of gold

Round 1 Begin trading for gold During Round 1, colonies can trade with ANY European country You have 5 minutes for trading

Who Won? Meet with your group. Count the gold acquired by all members. Who won? A colonial region or European country? Why?

But Remember… Mercantilism limited colonial trade with other European countries. During Round 2: Spain & The Netherlands must pay 1 gold bar to England to trade with the colonies Colonies must pay 1 gold bar to England to trade with Spain & The Netherlands

Round 2 Rules from Round 1 apply colonies may only trade with Europe & visa versa However, the mercantilist policies are in place, so you must pay 1 gold bar to England to trade with the colonies if you are Spanish or Dutch or to trade with the Spanish or Dutch if you are a colonist… …only if England catches you…smugglers? You have 3 minutes to trade.

Follow-Up Discussion How did you feel about the restrictions on trade? Why was smuggling used by the colonists? Who was mercantilism designed to benefit?

Reflection Mercantilism (Round 2) is different than free-enterprise (Round 1) because…