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The Pack contains associated resources for the learning experience, typically in the form of articles and videos. There is a teacher Pack (with only teacher information) and a student Pack (which contains only student information). As a teacher, you can toggle between both to see everything.
Here are the teacher pack items for Emerging Economic Systems:
Overview In this experience, students learn about the the economic-social systems of mercantilism, capitalism, and market economies. First they read an overview of feudalism, mercantilism, and capitalism. Then they examine mercantilism and use it to explain a world map of 1770 empires and colonies. Next they examine capitalism, including its relationship to democracy. Finally they learn about market economies and their relationship to capitalism. Objectives:
Economics can have a big impact on the development of historical events. In this lesson, you will learn about several economic systems that emerged between the sixteenth and eighteenth centuries.
Objectives:
Spain mined gold in its American colonies for minting coins.
Make an observation about the data in the animation.
Students may note throughout this period, the United States was the strongest economy. Russia was late to appear as a world economic power—with the fall of the Soviet Union. In 2021, there were still a few countries so poor that they do not appear on the map (North Korea, Yemen, and a few countries in sub-Sahara Africa).
The economic systems used in most countries today emerged during the period spanning the sixteenth to eighteenth centuries.
