Goal: Understand how Mercantilism

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Monday, September 29
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?
TODAYS 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!
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Goal Understand how Mercantilism impacted the
colonies...
Warm-up Mercantilism Ditto. on Lecterntake one
note cardfix question 2
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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.

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New England Colonies Product Choices

• Whale Oil
• Shipbuilding
• Fur trade

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Fur Trade

• Furs cost you 10 per fur.
• You can make 60-90 per fur on the open market.

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Whale Oil

• Costs 10 per barrel to produce.
• Market cost is between 15-50 dollars.

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Shipbuilding

• Costs 80 per ship you make.
• Market cost is between 120-300.

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Middle Colonies

• Corn
• Wheat
• Livestock

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Corn

• Cost you 4 per pound to produce.
• You can make 8-12 per pound.

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Wheat

• Cost you 3 per pound to produce.
• You can make 6-15 per pound.

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Livestock

• It costs you 5 to produce a pound of beef.
• You can make 20-50 per pound on the open
  market.

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Southern States

• Tobacco
• Tobacco
• Rice

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Tobacco

• Costs you 3 per pound to produce.
• You can make 2-50 per pound.

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Rice

• Costs you 1 per pound to produce.
• You can make 2-12 per pound.

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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)

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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

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Imports

• To survive you HAVE to buy
• 20 chairs 80
• take this from your total of cash

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Imports

• To survive you HAVE to buy
• 4 navigation maps 210
• take this from your total of cash

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Imports

• To survive you HAVE to buy
• 4 doses of medicine 60
• take this from your total of cash

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Imports

• To survive you HAVE to buy
• 3 tools 90
• subtract from your total cash

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Broke?

• How did you feel about Britain mercantilism?