Economics Academy 101
PBS 45 & 49
 
 

Availability of Resources

 

Overview
Students look at the industries in each of the U.S. colonies and determine common regional patterns. They then determine what they could trade with other colonies and what other colonies could trade with them.

 

Outcome
Students will learn how America’s colonies specialized in producing resources for trade.

 

Standards Addressed

Grade 5
Social Studies — Economics, Benchmark C

04. Explain how regions in North America become interdependent when they specialize in what they produce best and then trade with other regions inside and outside North America to increase the amount and variety of goods and services available.

Grade 6
Social Studies — Economics, Benchmark B

03. Explain why trade occurs when individuals, regions and countries specialize in what they can produce at the lowest opportunity cost and how this causes both production and consumption to increase.

04. Identify goods and services that are imported and exported and explain how this trade makes countries interdependent.

 

Procedure

  1. Distribute the Availability of Resources worksheet to the class.

  2. Divide the students into pairs or small groups.

  3. Have students use their textbooks or the Social Studies for Kids: The 13 American Colonies Web site, www.socialstudiesforkids.com/articles/ushistory/13colonies2.htm, to find what the industries are in each colony.

    Caution: If the students use multiple resources, they will get diversity in their answers. They will be very similar, but not exactly the same. This might be a good time to talk about why that happens. They should still be able to complete the assignment even though the responses from their research might not be exactly the same.

  4. Ask the students to write the common elements of each of the areas in the table.

  5. Have them answer the two questions: What would the colonies produce in their area? For whom would they produce it?

  6. When all papers are completed, have a class discussion covering the topics on the worksheet.

 

Evaluation

Checklist for evaluating answers (view Availability of Resources answer key):

Category Responsibilities
Ideas ___ Ideas are written in my own words.
  ___ I understand my topic.
  ___ Answers are clear and focused and stay on topic.
  ___ Details give the reader important information.

 

 

  Copyright©2007, Northeastern Educational Television of Ohio, Inc. All rights reserved.