1. Lesson # 3 – Mercantilism
Exploration
Lesson # 3 – Mercantilism

2. Bell Ringer/Objective
Bell Ringer: Use the textbook to define “Mercantilism”
Objective: Explain how the desire for expanding markets and increasing profits lead to colonization.
In Class
Attach “Adam Smith” and “Mercantilism”
Notes on Mercantilism
Skit on mercantilism (extra credit) separate sheet
Balance of Trade
Colonization

3. Mercantilism Adam Smith
You will have 20 minutes to complete the reading/questions on Mercantilism
If you finish early, use clothes as an example and write a skit that demonstrates how mercantilism works.
This can be turned in for extra credit
In your groups, identify the three most important facts about mercantilism
In notebook
5 minutes

4. E – i = profit Balance of Trade
As a group, write an equation. Any equation.
Remember, equations have to balance.
Now think: you are a merchant selling coats.
Do you want to get out what you put in?
NO!
Why are you selling coats?
TO MAKE MONEY!
E – i = profit
Exports – imports = profits

5. Balance of Trade: Achieved
What are the three ways it is achieved?
Reduce imports from other nations
Sell expensive exports
Control raw materials
Draw an image to depict each of these methods to achieve a favorable balance of trade

6. Colonization The Need for Raw Materials
Read pages in the textbook
For each heading with a blue title, write down 2 key facts
Time: 20 minutes
In your groups, answer the following two questions:
Why did mercantilism create a need for colonies?
Which colony had the most effective colonial system? Give three reasons why.

7. Stump the Student
Based on the questions from the Mercantilism and Conquest & Colonies reading, write questions
They must be answerable questions (ex: What was the encomienda system?)
Set it up like this in your notebook:
Question
Answer 1. 2. 3. 4.

8. Exit Ticket Identify one advantage of colonization
Identify one disadvantage of colonization
Homework: Complete Unit #5 Study Guide- worth 10% of assessment grade
Unit 5 Assessment moved to Tuesday, November 4!

9. Lesson # 3 – Mercantilism Day 2
Exploration
Lesson # 3 – Mercantilism
Day 2

10. 3/13 – Bell Ringer/Objective
Bell Ringer: Define Balance of Trade and identify 3 ways in which it can achieved
Objective: Explain how the desire for expanding markets and increasing profits lead to colonization.
Homework: Study Guide due tomorrow for extra credit!
Attach sheet being provided by Mrs. Lewis

11. Assignment of Article
Each student will receive one of six articles about New York City Mayor Michael Bloomberg’s attempt to prohibit the sale of large sugar drinks during certain events (at stadiums, concerts, etc).
You will have 15 minutes to complete the reading, annotating and completing the assignment

12. Pre-Seminar Work
Complete the sheet labeled Mercantilism & The Invisible Hand: Socratic Seminar
You will be given a fellow student’s name. You will be monitoring their involvement in the discussion. Pay close attention to the rubric and take notes at the bottom.
Do not share the student’s name with them – if you are seen doing this, you will receive a zero.

13. Socratic Seminar Guidelines
Be respectful of each other’s opinions, comments, and backgrounds.
Offer solutions and suggestions, not criticism.

14. Writing Assignment Write a thesis statement answering the question:
Was Mayor Bloomberg right to ban the sale of sugary drinks? Why or why not?
Construct an outline that demonstrates what your 5-paragraph essay would look like
Introduction
1st Body Paragraph
2nd Body Paragraph
3rd Body Paragraph
Conclusion
Include specific information pertaining to your thesis.
Choose one body paragraph and write it in its entirety. Remember to quote from the document to support your claim/reason.

15. Exit Ticket
Notebook Quiz