Demographics/Renaissance Day 3

Essential QuestionHow did the concept of trade give birth to

capitalism in Europe?

WhiteboardsOn your whiteboards Write down words that relate to economics

EuropeBy 1400’s had found the New World, set up

trade, and formed new monarchies.Monarchy: A form of government in which a

king or queen controls sole power.People are living in citiesUrbanizationGutenberg birthed the printing press

15th centuryFoundations of schools and colleges became

important.LiteracyMore $ around in EuropeRise to a new class called “the Bourgeoisie”Strong monarchies colonize the worldLeads to new institutions and ideas

BanksPrior to 1600’s banks were

either non existent or for the rich.

People start trading, investing, and saving for stocks.

This will lead to entrepreneur Renaissance People commission paintersBuy new things (books,

paintings, etc)

EconomyAtlantic trade and colonies are

making money for the “mother land.”Imperialism will bring forth more

goods (diamonds, gold, and ivory)No more serfs, people wanted to

make money on their own goods.Idea of capitalismCapitalism: is an economic system

that allows private ownership of the means of production for profit

ClipWhat is capitalism?http://www.youtube.com/watch?v=B3u4EFTw

prM

Think about itDo we have capitalism today?Are we capitalists?How so?Do you agree/disagree with capitalism?

Medici Reading

Exit SlipWhat is capitalism?What is a monarchy?Tell me 2 things you learned about the

Medici.

Roseberry Review1. Leonardo, Michelangelo, Donatello, and

Raphael own a pizza shop. They charge $17.67 for a large pizza or $26.79 for two large pizzas and a drink. If Shredder just wants 2 large pizzas would it be cheaper for him to get the deal or to buy two large pizzas? How much cheaper is the best option?

Roseberry ReviewBell and Cinderella are discussing who has

the better diamonds. Cinderella says that Prince Charming gave her a necklace that costs $1672.49 and Bell says that Beast bought her a necklace for $1941.15. How much more is Bells necklace?

Roseberry ReviewTommy lives in Rugratland and Dill lives in

Boogerville. Tommy wants to trade his pickles with Dill. Dill has agreed to pay 8.49 per case of pickles and will willing to buy 25 cases. How much will Dill pay for his pickles?

Roseberry Review4. Doug wants to fly Patty to China. First

class seats will cost $7,544.97 per one way ticket. How much will it cost for Doug to get purchase a ticket for him and Patty there and back?