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.

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Presentation transcript:

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-Now Go-Over homework Mercantilism 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 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 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

To survive you HAVE to buy: –3 tools = $90 – subtract from your total cash

Broke? How did you feel about Britain mercantilism?