Lesson # 3 – Mercantilism

Bell Ringer/ObjectiveBell 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

Mercantilism Adam SmithYou 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

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

Balance of Trade: AchievedWhat are the three ways it is achieved?

Reduce imports from other nationsSell expensive exportsControl raw materials

Draw an image to depict each of these methods to achieve a favorable balance of trade

Colonization The Need for Raw Materials

Read pages 476-481 in the textbookFor each heading with a blue title, write

down 2 key factsTime: 20 minutesIn 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.

Stump the Student Based on the questions from the Mercantilism

and Conquest & Colonies reading, write 10-15 questions

They must be answerable questions (ex: What was the encomienda system?)

Set it up like this in your notebook:Question Answer

1. 1.

2. 2.

3. 3.

4. 4.

Exit TicketIdentify one advantage of colonizationIdentify one disadvantage of colonizationHomework: Complete Unit #5 Study Guide-

worth 10% of assessment grade

Unit 5 Assessment moved to Tuesday, November 4!

Lesson # 3 – MercantilismDay 2

3/13 – Bell Ringer/ObjectiveBell Ringer: Define Balance of Trade and identify 3

ways in which it can achievedObjective: 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

Assignment of ArticleEach 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

Pre-Seminar WorkComplete the sheet labeled Mercantilism &

The Invisible Hand: Socratic SeminarYou 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.

Socratic Seminar GuidelinesBe respectful of each other’s opinions,

comments, and backgrounds.Offer solutions and suggestions, not criticism.

Writing AssignmentWrite 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 Introduction1st Body Paragraph2nd Body Paragraph3rd Body ParagraphConclusion

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.

Exit TicketNotebook Quiz