Monday, October 13Monday, October 13thth

Objective: Objective: examine the impact of mercantilism on examine the impact of mercantilism on England and England’s colonies in North America.England and England’s colonies in North America.

Drill #25:Drill #25: Define Economics in your own Define Economics in your own

wordswords The production, distribution, and The production, distribution, and

use of good and servicesuse of good and services Why does the definition of Why does the definition of

Economics Economics not say anything about not say anything about moneymoney??

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.

Economic activity happens all the time without Economic activity happens all the time without money being involved. Economic wealth can money being involved. Economic wealth can occur with out the presence of money.occur with out the presence of money.

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.

Work with your group to Work with your group to complete Activity 1 on complete Activity 1 on Colonial EconomicsColonial Economics

Activity 2Activity 2Import, Export, Raw Import, Export, Raw

materials, Finished materials, Finished productsproducts

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.

Work with your group to Work with your group to complete Activity 3complete Activity 3

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.

Work with your group to Work with your group to complete Activity 4complete Activity 4

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.

Class ReflectionClass ReflectionWork independently to Work independently to

complete the worksheet complete the worksheet “Mercantilism and Colonial “Mercantilism and Colonial Economics” Economics”

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.

HomeworkHomework ““Mercantilism and Colonial Mercantilism and Colonial

Economics”Economics”

Objective: Objective: examine the impact of mercantilism on England and examine the impact of mercantilism on England and

England’s colonies in North America.England’s colonies in North America.