Economics Academy 101
Western Reserve Public Media
PBS 45 & 49
 
 

Mercantilism Through the Triangular Trade

 

Overview
In this lesson, students look at mercantilism through the triangular trade of the 18th century. The concept of mercantilism is then brought to the present day with the use of McDonald’s as an analogy.

 

Outcome
The students will understand the concept of mercantilism and learn key vocabulary words.

 

Standards Addressed

Grade 8
Social Studies — Economics, Benchmark B

02. Discuss how mercantilism and the establishment of colonies led to increased global trading during the 17th and 18th centuries.

Social Studies — History, Benchmark D
02. Describe the political, religious and economic aspects of North American colonization including: Reasons for colonization, including religion, desire for land and economic opportunity.

 

Materials

 

Procedure

  1. Distribute the handout Mercantilism Through the Triangular Trade to the class.

  2. As a class, discuss and define the four words at the top of the handout: import, export, goods and market.

  3. Divide the students into pairs or groups of three. Have one person in the group read the story from the handout aloud.

  4. As a group, students can fill in the chart showing triangular trade and answer the questions.

  5. Gather students back together and go over the answers.

  6. Ask if anyone knows what a franchise is. Discuss the concept of franchising.

  7. Have the students go back into their group and do the second part of the worksheet, which looks at colonial mercantilism by comparing it to McDonald’s.

  8. Have students write the answers to questions 4-7.

 

Evaluation
Use this rubric to evaluate answers to questions 4-7. (View the Mercantilism Through the Triangular Trade answer key.)

Category
20-16
15-10
9-5
4-0
Accuracy of Facts (Content) All supportive facts are reported accurately. Almost all supportive facts are reported accurately. Most supportive facts are reported accurately. No facts are reported, or most are inaccurately reported.
Conclusion (Organization) The answers are strong and leave the reader with a feeling that they understand what the writer is “getting at.” The conclusion is recognizable and ties up almost all the loose ends. The answers are recognizable, but do not tie up several loose ends. There is no clear conclusion; the paper just ends.
Grammar and Spelling (Conventions) The writer makes no errors in grammar or spelling that distract the reader from the content. The writer makes one or two errors in grammar or spelling that distract the reader from the content. The writer makes three or four errors in grammar or spelling that distract the reader from the content. The writer makes more than four errors in grammar or spelling that distract the reader from the content.

 

 

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