Mercantilism Writing Using your maps, memories and your notes from these classes, discussions, readings and prep work, respond to the question using the following steps: 1. 2. Planning: Brainstorm & Organize (homework) Writing (in-class) Question: Making reference to the information you have learned from this project, using full sentence and paragraph form, summarize what you have learned about Mercantilism. Be sure to discuss how it worked, why Britain was able to make the large profits that they were from it and why it eventually ended. Planning/Brainstorming Use of protectorates- rich with resources or strategic placement Triangular Trade Exports vs Imports Overseas Trade Hypothesis/Evidence Template Question: Making reference to the information you have learned from this project, using full sentence and paragraph form, summarize what you have learned about Mercantilism. Be sure to discuss how it worked, why Britain was able to make the large profits that they were from it and why it eventually ended. What is the task (in your own words): Key Terms to Discuss: Describe how mercantilism was implemented in Britain’s economic system and how they prospered from it. Exports vs Imports Triangular Trade- England, West Indies, American Colonies Protectorates Britain Mercantilism Capitalism Hypothesis: Mercantilism is an economic system that Britain used in the 16th century which through trade, increased profit. The Triangular trade was extraordinarily beneficial for Britain along with the West Indies and the American colonies. Overtime, capitalism took over mercantilism, as capitalism became the modernized source of profit and wealth. Explanation of Idea Britain took advantage of its colonies, but also benefitted them as well. Trading with the colonies built trust and the economic improvement to both parties. Evidence Quotation ☐ Visual Cue ☐ Inference ☐ Connection ☐ Socials 9 Mercantilism Writing Page 1 Britain had high expectations believed that the colonies should only provide them with goods and to buy specific British goods in return. Therefore, the colonies also gained resources, goods, and a form of trust. Extension Although seeming beneficial at first, it soon led to the downfall of Mercantilism due to lack of sustainability. Britain could only maximize exports to a certain amount and they could only limit imports to a certain amount, thus mercantilism soon harmed Britain’s economy. Explanation of Idea During the time of mercantilism, many colonies were established. Britain, for example, immensely benefitted from this, due to the booming trade market. The international trade market was growing and the nation’s interest grew and regulations were made. Evidence Quotation ☐ Visual Cue ☐ Inference ☐ Connection ☐ Besides Britain, England also supported the mercantilism economic system. They also established numerous protectorates such as East Africa Protectorate, British Somaliland, and British Cameroon etc. Extension These protectorates boosted their economy greatly because of either the strategic placement of the protectorate, or it was rich with resources. Explanation of Idea It was believed that if Britain maximized its exports of goods and limited its imports, Britain’s wealth would increase because of the surplus in the country’s balance of trade. Evidence Quotation ☐ Visual Cue ☐ Inference ☐ Connection ☐ To determine whether the trade was going poorly or not, the gold and silver from American Colonies and the West Indies in the treasury was used to maintain constant flow of resources. Extension Britain made a large effort to trade overseas, which relied on the navy. As a result, England, France, Portugal and Spain were often at war to dominate the maritime trading business. Competition between these nation-states allowed Britain’s economy to spur. Conclusion: Rhetorical Question ☐ Rephrasing ☐ Big Idea ☐ Socials 9 Mercantilism Writing Page 2 Britain, along with many other thriving countries boosted their economy through oversea trades and the aid from colonies. Mercantilism was a flourishing economic system at first, but due to lack of ability to maintain this constant economic method, capitalism took over in the 18th century. For this piece of writing, I am focusing on: Britain’s benefits from Mercantilism Trade Protectorates Socials 9 Mercantilism Writing Page 3 CATEGORY POSITION OR THESIS STATEMENT EXCELLING The position statement provides a clear, strong statement of the author's position on the topic. ADVANCING The position statement provides a clear statement of the author's position on the topic. EMERGING A position statement is present, but does not make the author's position clear. LACKING There is no position statement. ACCURACY All supportive facts and statistics are reported accurately. Almost all supportive facts and statistics are reported accurately. Most supportive facts and statistics are reported accurately. Most supportive facts and statistics were inaccurately reported. QUALITY OF EVIDENCE & EXAMPLES All of the evidence and examples are specific, relevant and explanations are given that show how each piece of evidence supports the author's position. Most of the evidence and examples are specific, relevant and explanations are given that show how each piece of evidence supports the author's position. At least one of the pieces of evidence and examples is relevant and has an explanation that shows how that piece of evidence supports the author's position. Evidence and examples are NOT relevant AND/OR are not explained. SENTENCE STRUCTURE All sentences are well constructed with varied structure. Most sentences are well constructed and there is some varied sentence structure in the essay. Most sentences are well constructed, but there is no variation is structure. Most sentences are not well constructed or varied. SPELLING & GRAMMAR Author makes no errors in grammar or spelling that distract the reader from the content. Author makes 1-2 errors in grammar or spelling that distract the reader from the content. Author makes 3-4 errors in grammar or spelling that distract the reader from the content. Author makes more than 4 errors in grammar or spelling that distract the reader from the content. Socials 9 Mercantilism Writing Page 4