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Mercantilism Simulation Game Review of Trade

Experience the world of mercantilism through this engaging simulation game. Trade raw materials and finished products to acquire gold bars. Navigate trade restrictions and mercantilist policies to outwit your opponents and emerge victorious.

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Mercantilism Simulation Game Review of Trade

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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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