To understand the role played by joint-stock companies in the development of trade and the establishment of colonies in the New World.
1 class period
Begin by reading with the class the background information about how capitalism grew rapidly in Europe during the Age of Exploration.
Next, class members will enjoy playing THE TRADING GAME. Students pretend it is the 1600s and 1700s, and that they have invested in businesses called joint-stock companies. These companies will send ships to Africa, the Indies, and America. Class members will invest in these trading companies with the hope that their ships will sail to distant lands, and return to Europe with valuable products that will be sold at a profit for the investors.
Some student investors will make money, and some will lose money.
My students really have fun with this game. Expect exciting moments!
Easy-to-follow Teacher Instructions and answer key included, along with a 20-question follow up quiz to measure student progress. The quiz can also be given as a homework assignment.