DO NOW 9/10

What is a colony? How can a colony

make money for its mother
country?
 DA RULEZ of
Mercantilism
1. Gain as much _____ and _____ as
possible.
2. ______ more than you ______.
3. _______ items… it decreases your
import cost! (How?)
4. Settle as many ________as you can!
5. Allow colonies to trade with
_____only.
6. Don’t let the colonies make their
own ____________.
 7-1.4: Capitalism
Objectives:
1. Define capitalism, mercantilism,
and market economy.
2. Analyze how the spread of these
led to international trade and the rise
of the middle class.
3. Compare and contrast
mercantilism and capitalism.
HOW DID THIS CARTOON SHOW
MERCANTILISM?
 This is BAD!
what are the colonists gonna do about it?
 Development of a Market
Economy
• People decide what they are going to
buy and sell… they make choices!
 Middle Class
It grew! Poor
people got
richer and
moved on up
through
participation in
the market
economy.
 Capitalism
Production of goods for a profit! You
own resources PRIVATELY. Mother
country has nothing to do with it!

It’s England’s
worst
nightmare!
 Mercantilism Capitalism

1.

2.
1.
3.
2.
4.
3.
5.

• Government does not control business

• Personal Profit is the goal
• Nation’s power=supply of gold/silver
• Middle class develops
• Colonies exist for mother country
• Means of production
privately owned
• Government controls trade
• People make as much profit
as possible
 Closure
How did mercantilism indirectly
cause the development of
capitalism?
 Your Turn!
Visual
1. Fold your paper in half.
2. On the left, create a graphic that represents
MERCANTILISM.
3. On the right, create a graphic that represents
CAPITALISM.
4. Each graphic should have LABELED at least 5
characteristics of each economic system.
5. At the bottom, write 2-3 sentences explaining your
graphic and how it contrasts the two economic
systems.
 Your Turn!
Theater/Music
1. Create a script (to act out) or song (complete with
lyrics) that compares MERCANTILISM vs.
CAPITALISM.
2. You should have at least 5 characteristics of each
economic system.
3. At the bottom of the lyrics or script, write 2-3
sentences explaining your graphic and how it
contrasts the two economic systems. (this will get
turned in!)
 What should my product
include?
1. Definition of each term.
2. Characteristics of mercantilism and capitalism.
(at least 5 items)
3. Components:
1. If visual: Pictures to accompany each term (if
visual). Be creative! Use symbolism! Be
colorful!
2. If theatrical/musical: script or lyrics should
be thorough and complete, and you must
perform. Lyrics/script will be handed in.
Theatrical performances should include props!
4. At the very end you need to explain your
product and contrast the 2 economic theories.
 Rubric
Due
 10 define capitalism MONDAY
 10 define mercantilism
 15 pts for 5 items describing capitalism
 15 pts for 5 items describing mercantilism
 20 points for illustrating mercantilism (your
illustration should capture the meaning) either
VISUALLY or CONCEPTUALLY
 20 points for illustrating capitalism (your
illustration should capture the meaning) either
VISUALLY or CONCEPTUALLY
 10 points for your written statement at the
bottom.
 DO NOW 9/11
When sorting the characteristics of
MERCANTILISM and CAPITALISM in your
chart…
What did you notice all the MERCANTILISM
statements had in common?
What about the CAPITALISM statements?
 When you finish
your full quiz…
1. Turn in your chrome book, test, and answer
sheet to the CART.
2. Start brainstorming ideas for you
MERCANTILISM/ CAPITALISM project!
 DO NOW 9/12
How did the spread of mercantilism
and capitalism lead to trade around
the world?
Have your study
guide out and
ready to be
checked!