Materials

• Class notes
• Text/other reading

Instructional Activities

1. Review the content from the previous session.
   
   
2. Write the term mercantilism on the board. Instruct students to use their textbooks to develop a definition of this term.
   
   
3. Discuss as a class the competition for trade between European nations.
   
   
4. Display the following notes on the board or overhead, and conduct a discussion of each as it is displayed:
   • European maritime nations competed for overseas markets, colonies, and resources.
   • A new economic system emerged:
      – New money and banking systems were created.
      – Economic practices such as mercantilism evolved.
      – Colonial economies were limited by the economic needs of the mother country.
   
   
5. Assign a teacher-selected reading, worksheet, or other reinforcement activity.