|Exploring Mercantilism And The Global Economy Of
The Late Eighteenth Century
Introducing the Lesson
Have each student write down several characteristics
of “free trade.” Then
have students share their ideas and come up with a class definition of the term.
Review with students the main tenets of mercantilism - an economic system
which equated national power with the accumulation of gold or silver in the
treasury. A basic description of mercantilism is included with this lesson to
aid the students in their review.
Briefly review the economic policies pursued by the nations of Europe at the
time of American independence.
Put the map depicting the “Global Economy in 1775” on the overhead,
and pose the following questions:
- Where did Americans sell their goods before Independence?
- What goods did
Americans trade before the Revolution?
- Where and what did they buy?
- After the war with England, where could Americans
sell their goods?
- Why were the Americans interested in developing trade with