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Mercantilism Simulation Game

Mercantilism Simulation Game. Review of Trade. What is mercantilism? What is capitalism, or free trade/market?. Toothpicks = G old B ars Britain : Manufactured Goods Dum-Dums(10) Colonies: Raw Materials ( fish & lumber; wheat; tobacco, rice, indigo, cotton) New England -Peppermints(15)

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Mercantilism Simulation Game

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  1. Mercantilism Simulation Game

  2. Review of Trade • What is mercantilism? • What is capitalism, or free trade/market?

  3. Toothpicks = Gold Bars Britain: Manufactured Goods Dum-Dums(10) Colonies: Raw Materials ( fish & lumber; wheat; tobacco, rice, indigo, cotton) New England -Peppermints(15) Middle - Starburst (25) Southern -Tootsie Rolls (15) Spain: Manufactured Goods Dum Dums(10) The Netherlands: finished products Dum Dums (10) Mercantilism Game

  4. Your Task • Your goal is to acquire as much gold as possible by trading and selling your goods

  5. Rules of Trades • Colonies (N.E., Middle, Southern) can only trade with Euro countries(England, Spain, Netherlands) • Euro countriescan only trade with colonies • Countries cannot trade with each other • 2 colonial raw materialscan be traded to Europe for 1 finished productOR can be sold for 1 gold bar • 1 finished productcan be traded to the Colonies for 2 raw materialsOR can be sold for 2 gold bars • AFTER TRADING--trade your products to the “BANK” (Mr. Morton) for gold bars until the BANK runs out of gold

  6. Round 1 • Begin trading for gold • During Round 1, colonies can trade with ANYEuropean country • You have 5 minutes for trading

  7. Who Won? • Meet with your group. Count thegold acquired by all members. • Who won? A colonial region or European country? Why?

  8. But Remember… • Mercantilism limited colonial trade with other European countries. • During Round 2: • Spain & The Netherlands must pay 1 gold barto England to trade with the colonies • Colonies must pay 1 gold barto England to trade with Spain & The Netherlands

  9. Round 2 • Rules from Round 1 apply • colonies may only trade with Europe& visa versa • However, the mercantilist policies are in place, so you must pay 1 gold barto England to trade with the colonies if you are Spanish or Dutch or to trade with the Spanishor Dutchif you are a colonist… • …only if England catches you…smugglers? • You have 3 minutes to trade.

  10. Follow-Up Discussion • How did you feel about the restrictions on trade? • Why was smuggling used by the colonists? • Who was mercantilism designed to benefit?

  11. Reflection • Mercantilism (Round 2) is different than free-enterprise (Round 1) because…

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