Question Details

AMERICAN BUSINESS HISTORY UNIT 2
QUESTION 1  1 OF 2   
Money Web Field Trip (1 of 2)
For this question you will take a web field trip to view the forms of currency used in the early days of America. Click on the following link, http://www.richmondfed.org/about_us/visit_us/tours/money_museum/index.cfm, and then using the coins tab, review the coins of the states category. Then, from the paper currency tab, select colonial paper money. Feel free to review any of the additional tabs and links as well, if you would like.

If you experience difficulty accessing the link to the Richmond Federal Reserve Bank, please try the following optional link, http://www.frbsf.org/currency/index.html

Based on what you viewed in the web field trip, do you think that the lack of uniformity in currency reflected the social, political, and economic conditions of the early republic? Did the type of currency, itself, have an impact on bringing the nation together or present an obstacle? Explain in your response to this discussion question
QUESTION # 2
2 OF 2
Mercantilism to Capitalism (2 of 2)
Review the terms Mercantilism and Capitalism in your textbook. 

Mercantilism was the economic theory of European nations throughout the Renaissance and Early Modern period. Basically, the theory states that there is a limited amount of wealth in the world and one nation- gain must come from another nation- loss. This theory fits nicely with the ideologies of colonialism. Whereas, capitalism is an economic system dominated by a supply-demand price mechanism called the market. 

The year is 1783, shortly after the Americans have secured victory at Yorktown and gained their independence from England. You are a colonial merchant who previously lived under the British rule which insist on utilizing the model of mercantilism.  Write a letter to a friend back in England explaining why Americans should go with Capitalism over the older economic theory of Mercantilism. Make sure to include not only economic reasons, but support your argument with social and economic evidence too. 

In order to receive full credit for this discussion questions, you will need to write back to two of your fellow classmates replying to their proposition of Capitalism outlined in their letter. 




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