Mercantilism

Question 1

Got mercantilism so far?

Accepted Answer

"Are there some more pictures?" That was too much text!, "Wait, whaaaaat?" HELP!, "Can you explain again?", Yup, got it!"

Question 2

For 2 tables colonists make $8 (amount colonists got for wood) - 48$ (amount colonists paid England for tables)______

Accepted Answer

The colonists are in debt -$40

Question 3

Remember this number: The COLONIES sell England a bundle of timber for $4.

Accepted Answer

That means 4 bundles would be $16., Got it ...$4.

Question 4

What was the economic relationship between England (the mother country) and its colonies?

Accepted Answer

expensive, trade partners, beneficial (at first good for both sides), unfair

Question 5

Remember this number: ENGLAND makes 1 table per colonial bundle of wood to sell for $24.

Accepted Answer

Raw materials like wood or cotton sell for less., You can charge more for a finished product., England makes $20 profit from selling 1 table after paying the $4 for wood., Uhm...why don't the colonists make their own tables from their own wood?

Question 6

If the mother country is wanting to control the trade of its colonies, what can it do?

Accepted Answer

restrict all colonial shipping to British ships only, It stinks to be the colonies! 😡, don't allow the colonies to trade with other countries, trade from colonies has to go through British harbors first

Question 7

Why did England, France, and Spain establish colonies? What were their economic goals?

Accepted Answer

a new market for their manufactured (finished) goods, raw natural resources - wood from trees, food from crops..., wealth / gold / silver, power over other European countries

Question 8

How did England create this wealth? Step 4: Export manufactured goods which are __

Accepted Answer

factory made finished products

Question 9

How did England create this wealth? Step 2: Have fewer imports, which are ___

Accepted Answer

goods brought in from a foreign country for use or sale

Question 10

Now do you understand mercantilism?

Accepted Answer

Got it! No problem., I still have questions., Brain overload. Make it be over!, Can you post this Kahoot on Google Classroom?

Question 11

Mercantilism: theory that a nation becomes stronger by keeping strict control over its ________

Accepted Answer

trade

Question 12

What is the basic principle of English mercantilism?

Accepted Answer

A nation's strength depended on it's wealth - use the colonies!!

Question 13

Who earned more from the sale of goods, England’s colonies or England?

Accepted Answer

England 👍

Question 14

What is mercantilism?

Accepted Answer

It's all about trade and who controls it., England controlled what the colonies did economically.

Question 15

How did England create this wealth? Step 1: Have more exports, which are ____

Accepted Answer

goods to ship out to other countries for sale or exchange

Question 16

For 2 tables England charges $48 (amount colonists paid to England) - 8$ (amount England paid to colonies for wood).

Accepted Answer

England's profit is $40

Question 17

This all leads to a FAVORABLE BALANCE OF TRADE for the mother country, or England. Get it?

Accepted Answer

"Yup, got it." It's good to be England!!, "Seriously, I need more pictures!", "I'm getting there."

Question 18

Can England sell back the finished products back to the colonies at inflated prices?

Accepted Answer

Yes, this was an awe$ome arrangement for the England 💰💰💰, It stinks for the colonies. 😤

Question 19

How did England create this wealth? Step 3: Import raw materials which are __

Accepted Answer

wood, crops, fish, etc...

Mercantilism

Questions 19

Mercantilism

Questions 19