Global Aim # 59 What is Mercantilism and Laissez Faire Economics?
Objectives – Students will be able to
Cite information from an informational text to support a conclusion or argument.
Define words they do not know using context clues.
Identify and describe what Mercantilism is and Laissez Faire Economics is.
Do Now – 3 Minutes
1. Explain what Mercantilism is.
Mini - Lesson: (Teaching Point) - 10 Minutes
Review reading passage
Power Point Aim, with, hyperlinked video and
Student teacher randomized calling
Questions based on Primary and Secondary source documents
Homework # 59 - Define
2. Adam Smith
4. Supply and Demand
Task: Independent Work - 12 Minutes
Students will read regents level material-
Read the Aim and Highlight the significant facts that explain and describe what Mercantilism is and Laissez Faire Economics is.
Circle the terms you do not understand.
No Talking and No Leaving the room.
Be sure to use facts and details to support your response to every question.
Your writing should be informative/explanatory in order to examine a topic and convey ideas and information clearly.
Cite textual evidence to support analysis of what the text says explicitly as well as inferences drawn from the text.
Write arguments to support claims with clear reasons and relevant evidence.
Vocabulary Review – 3 Minutes
Students will circle the terms they do not understand.
Class will use context clues, prior knowledge, textbooks, and dictionaries to find out the meaning of the terms unknown.
In groups, students will answer questions related to the reading - 3 Minutes Each – 12 Minutes Total
Team Sheet # 59 - 3 Minutes Each
1. Compare and contrast nations that would like mercantilism and nations that would not.
2. Explain what did Adam Smith believed.
3. Explain what effect the Irish potato famine had on the economic development of Europe.
Student Share - 15 Minutes
Students will pull information from reading handout to explain their team sheet questions. Each answer must be supported by the reading.
Students will be able to answer material relevant questions.
Exit Ticket –
Students will answer close out questions displaying depth of knowledge
Question # 59a
Use the principles of supply and demand and the information in the passage above to identify a crop that was in great demand in England in 1845.
Question # 59b
"The Irish Potato Famine revealed the shortcomings of laissez faire capitalism."
Using laissez faire principles, explain why the English government did not aid the starving Irish.
Students will be able to answer pertinent questions related to the material, graded work including do now and team sheet.
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