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Scenarios

Scenarios. Making the industrial revolution and market revolution real!. Scenario 1. You are a cotton plantation owner.

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Scenarios

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  1. Scenarios Making the industrial revolution and market revolution real!

  2. Scenario 1 You are a cotton plantation owner. A Cotton Gin is available for purchase and although it will cost you a LOT it will cause your profits to sky rocket. You will need to borrow capital from the bank and it will take you 10 years to repay the loan. Do you buy the Cotton Gin?

  3. Scenario 2 You’re a slave. Your master owns a plantation and has recently purchased a Cotton Gin. How does this new technology effect you? your family? and your life on the plantation?

  4. Scenario 3 You’re a slave trader. Cotton Gins have increased the demand for slaves in the Southern states of America. How does this change effect your business? What is the balance of supply and demand for slavery?

  5. Scenario 4 You’re a cotton merchant. Increasing numbers of plantations in your state are purchasing Cotton Gins and producing masses of cotton. How does this effect you? your job? and your income? What is the balance of supply and demand for cotton now?

  6. Scenario 5 You’re the owner of a spinning mill in London. Now that the Americans have their own spinning machines they are not shipping their cotton to London for spinning. How does this effect you? How do you feel about it?

  7. Scenario 6 You are a freed black living in the Northern states. The increase in cotton production in the Southern states has increased the manufacturing of cotton products in the North dramatically. How does this effect you? Your ability to find employment? Your wages?

  8. Scenario 7 You’re an average American citizen. Cotton Gins have been operating in the US for a number of years now. How does the balance of supply and demand impact on you and your spending on clothing and homewares? How does this effect you in your day-to-day life?

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