Monday, September DO-NOWRecall and re-define: TODAY’S AGENDA • What is Mercantilism? Do-Now • How did it affect the colonies? The crown? Make inferences: Why did it take time for the colonies to rebel against this system? 29 Go-Over homework Mercantilism Simulation HOMEWORKRead Chapter 3, Section 1 in your books so that you will be able to participate in discussion tomorrow!
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 • 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
Imports • 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?
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