Pack your bags and prepare for a tour around the world!
Before you begin….
First you’ll need to pick 4 ancient cities that you will visit on your journey. You’ll have to plan your travel route and choose how you will travel. Will you fly? Will you take a cruise? Or will you take your private yacht? It’s up to you!
Be creative! Just remember to gather as much information as you can because when you come home, you will need to help develop a new economy for our 21 st century world.
We need your expertise to help set up a new, innovative, and successful economic system that will replace our own. During your travels, gather information that will help you set up this new economy for the 21 st century.
Good luck and safe travels!
As you travel to the 4 ancient civilizations, study their economic systems and gather information to produce a model for a new economy for the world of the 21st century.
Ask yourself: Why is a well developed economic system a crucial part of a successful civilization? What characteristics do we find common among successful economies?
While you are creating your model, think about these factors…
What is Economics?
Characteristics of Ancient Egyptian Economy (Contextualization)
Sources of wealth were and fishing.
Labor was divided based on gender.
Some of the wheat harvested and belonging to private owners was stored in state warehouses. So was much of the grain collected as taxes. Written withdrawal orders by owners of lots of grain were used as a kind of currency.
Main energy source was muscle power.
Resources available: Copper, gold, grain
Standard sacks of grain
Deben-About 91 grams of copper or silver
Characteristics of Ancient China’s Economy (Contextualization)
Farming has been a large part of the economy for the last ten thousand years. Wheat was farmed in northern China and rice in southern China.
Mining was an important industry in China (e.g. salt). Most of the men who worked in the mines were probably slaves.
There was also a lot of trade in China. Traders went between China and India, and some went along the northern Silk Road.
The Chinese exported silk to the West, and imported gold.
People first used cowrie shells for money in China as early as 1800 BC.
By about 1100 AD people had begun to use paper money in China.
Characteristics of Ancient Greece and Roman Economy (Contextualization)
Both economies were based on agriculture
Greeks normally lived on small self-sufficient wheat producing farms.
Both Greece and Romans worked in mines.
Romans were more interested in trade while the Greeks felt it was degrading.
They were also both based on coin currency.
Their production of materials were mostly from slave labor.
Characteristics of the Middle Ages Economy (Contextualization)
Feudal economic and political system
People mainly ate and wore things they produced themselves
Relied heavily on agriculture
wealth was derived from the land
commodities were wool, glass, leather, metal
Value of coin money depended on:
weight of coin and
type of metal
increased trading led to the standardization of the coin
Follow the Yellow Brick Road to your Goal:
Take a stand on the issue and provide supporting research
Economy needs to provide stability, happiness for the majority, and security
*NEED TO INSERT SAMPLE 21 st CENTURY MODEL*
Make a recommendation for addressing/resolving the issues raised by the driving question
GUIDE TO PROCESS
Assignment into groups
Introduction to rubrics
Research (See suggested bibliography)
Virtual field trips
Culminating group project (output)
Guide to Resources
Lists of suggested organizational tools: Diigo, Google Docs
"Ancient Greece." 2008, Microsoft Encarta Online Encyclopedia. http:// encarta.msn.com
"Roman Empire." 2008, Microsoft Encarta Online Encyclopedia. http:// encarta.msn.com
Harris, William. “Trade and Barter in Ancient Greece.” Retrieved April 6, 2009. http://community.middlebury.edu/~harris/Classics/EconomicsinGreece.html
General Economic Websites "The Road to Riches" Economist.com . 23 Dec. 1999. 27 Mar. 2009 < http:// www.economist.com > Article about the effects of the industrial revolution on the world economy worldeconomy , http:// www.economywatch.com /
"Money in the Ancient World." 2000 retrieved March 25, 2009, Thinkquest, http://library.thinkquest.org/C004203/economic/main.htm
"Currency." 2008, Microsoft Encarta Online Encyclopedia. http:// encarta.msn.com
"Money." 2008, Microsoft Encarta Online Encyclopedia. http:// encarta.msn.com
"Dollar." 2008, Microsoft Encarta Online Encyclopedia. http:// encarta.msn.com
"Banking." 2008, Microsoft Encarta Online Encyclopedia. http:// encarta.msn.com
What factors makes up a successful economic system?