APUSH – PERIOD 4 1800-1848 SHARK TANK: The Mid-19th Century Market Revolution Edition! Background: Shark Tank is an unscripted series on ABC that features a panel of potential investors, called "sharks", that consider offers from aspiring entrepreneurs seeking investments for their business or product. The entrepreneur can make a deal on the show if a panel member is interested. However, if all of the panel members opt out, the entrepreneur leaves empty handed. The "sharks" often find weaknesses and faults in an entrepreneur's concept, product, or business model. TODAY’S ACTIVITY: We will be carrying out a very close version of the Shark Tank program in class using mid-19th century inventions. You will be invited as either a member of the Shark Tank OR to make a pitch as a representative of a Mid-19th Century Market Revolution entrepreneur. Each Shark Tank member will rank in order where they would invest their money and they will decide their rankings based on the entrepreneur representatives’ presentations. Shark Tank members will be allowed to decide to invest their money in all, none, or any number in between. Entrepreneur representatives will pitch their invention and “sharks” can ask questions to better help them make the best investment decision. PROCEDURE: SHARK TANKERS: REVIEW YOUR NOTES BEFORE THE PITCHES AND WRITE OUT SOME QUESTIONS THAT YOU ANTICIPATE WANTING TO HAVE ANSWERED DURING THE PRESENTATIONS. DURING THE PRESENTATIONS, SHARK TANK MEMBERS WILL FILL OUT THE ATTACHED CHART WHILE HEARING EACH PITCH AND THEN FIGURE OUT YOUR RANKINGS. ENTREPRENEUR REPRESENTATIVES: ENTREPRENEUR REPRESENTATIVES WILL MAKE THEIR PITCHES AFTER FILLING OUT THE CHARTS. Entrepreneur Representatives/Contestant Groups: 1. Governor De Witt Clinton/Erie Canal 2. John Fitch and Robert Fulton/ Steamboat 3. John Stevens/Railroads 4. Samuel F.B. Morse/Telegraph 5. Francis Cabot Lowell/Factory system 6. Samuel Slater/ Textile Mill 7. Eli Whitney/Interchangeable parts 8. Eli Whitney/ Cotton Gin 9. John Deere/Steel plow 10. Elias Howe & I.M. Singer/ Sewing Machine 11. Cyrus McCormick/ McCormick Reaper Step #1: Research & Creation of Presentation Research your topic. Create a PowerPoint that has the following criteria. You must follow this format and refrain from differentiating from the criteria. Slide One: Overview of your product (What is it? What will it be used for? Who invented it? Brief history of it?) Slide Two: Pictures &/or Blueprints Side Three: Resources used to sell/make your product? Overall cost needed to produce your product (ballpark)? Slide Four: Audience: Who do you intend to use this product? What are comparable products and why is your product better? Slide Five: Profit Margins: Short Term & Long Term Projections & Expectations? Benefits? Anticipated accomplishments? Why should your group receive the investment money? How will your innovative product benefit industrialization? Slide Six: (Optional: Any additional information that may enhance your presentation) Since you are trying to raise money for your product, you obviously want to focus on the benefits and omit the weaknesses. However, you might want to anticipate weaknesses and brainstorm clever ways to counter the weaknesses when brought up by the Sharks. Remember that since you are presenting the information on your PowerPoint, your PP should emphasize the major points that will be made during the 4-5 minute presentation. When presenting, you should refrain from reading word from word right from the PP. The PP should only be used as guide for your presentation. Step #2: Shark Presentation: What’s your Pitch? Present your pitch via PowerPoint. The audience members (the sharks) will complete the “Tank Member Notes” for each presentation. After the PP, be ready to answer clarifying questions from the Sharks! Your presentation should not exceed 5 minutes & answer of questions will not exceed 5 minutes. Step #3: Resolution Each Group will also be assigned the role of “Sharks.” Each group will complete the Money Allocation Activity and present & justify its decisions to the class. (You cannot allot money to your own group.) Grading: PowerPoint & Presentation (30pts) Emphasis on Quality of Information Presented & Quality of PowerPoint. Preparedness, Professionalism, and Overall Clarity of the Presentation will also be considered for grading purposes. Money Allocation Activity (15pts) Completion w/ emphasis on quality (justification) of rationale APUSH 19th Century Market Revolution SHARK TANK MEMBER NOTES Name 1. GOVERNOR DE WITT CLINTON’S ERIE CANAL WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 2. John Fitch AND/OR Robert Fulton/ Steamboat WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 3. John Stevens/ Railroad WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 4. SAMUEL MORSE/ TELEGRAPH WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 5. FRANCIS CABOT LOWELL/FACTORY SYSTEM WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 6. SAMUEL SLATER/TEXTILE MILL WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 7. ELI WHITNEY/INTERCHANGEABLE PARTS WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 8. ELI WHITNEY/ Cotton Gin WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 9. JOHN DEERE/STEEL PLOW WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 10. Elias Howe & I.M. Singer/ Sewing Machine WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): 11. Cyrus McCormick/ McCormick Reaper WHAT I LIKED: WHAT CONCERNED ME ABOUT THIS INVESTMENT: POTENTIAL FOR LONG TERM GROWTH OF MY INVESTMENT (20 years from now): Name: ____________________________________________ Date: _________ Period: ______ Shark Tank: Appropriating Funds Keep true to your assigned perspective when determining which innovations are essential for the American Industrialization efforts. Rank Name of Invention 1 2 3 4 5 6 7 8 9 RATIONALE: % OF TOTAL INVESTMENT TO GIVE (Total Must Equal 100%) APUSH MARKET REVOLUTION GROUP#/Invention Step One: Fill out this SWOT ANALYSIS CHART Step Two: Once you’ve completed the chart, identify the strengths and opportunities of your invention both SHORT TERM and LONG TERM (20 years from now): http://www.therichest.com/business/10-most-successful-inventions-from-the-shark-tank/?view=all http://www.youtube.com/watch?v=REyey28CvZw