Day 13: MercantilismBaltimore Polytechnic Institute

September 13, 2012A.P. U.S. History

Mr. Green

Review of the Great Awakening and the Enlightenment

Warm-Up

Explain possible strategies the United States can implement to increase revenues in order to pay down the national debt

Motivation

MercantilismA theory and an economic systemPrevalent in the 15th and 16th centuries in Europe-after feudalism

and before SmithA country’s wealth was measured by the amount of gold and

(specie) it possessedWealth in the 17th and 18th centuries equaled powerIn order to obtain wealth (gold & silver) a country must obtain

colonies to provide it with wealthMother country and colonies must become a self-sufficient unit

that does not rely on imports from other countries or the colonies

A favorable balance of trade with mother country and colonyColonies should not compete with the mother country, rather

complement the mother country. If mother country is involved in manufacturing, the colonies should not be.

.

Mini-Lesson

Small in relation to total colonial commerceLeave New England with rum to Gold Coast of

Africa Trade rum for slaves then sail to the West

IndiesTrade slaves for molasses, then back to New

England

Triangular Trade

Navigation Laws were only weakly enforcedWhat were the Navigation Laws??

Salutary Neglect

Students will identify the goals of mercantilism, burdens of mercantilism on the colonies, and the benefits of mercantilism to the colonies.

Mercentalism

Analyze the exports/imports chart and answer the question

Independent Work

Students will read a quote and answer questions to assess the lesson

Exit Ticket

Read American Pageant Chapter 5

Read American Pageant pgs. 55-56, 68-74, 93-96, 127- 129-These are the sections concerning economics (mercantilism, triangular trade, salutary neglect)

Homework

Benefits and burdens of mercantilism

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