Patriots Drink Whiskey

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Patriots Drink Whiskey

  1. 1. PATRIOTS DRINK WHISKEY A look at economic protests against the English
  2. 2. An economic mystery <ul><li>1769 was an confusing time to be alive </li></ul><ul><ul><li>When tailored, comfortable pants were available, people wore itchy wool pants that never fit properly </li></ul></ul><ul><ul><li>Paint was available and no one painted their houses, no matter how much they needed it </li></ul></ul><ul><ul><li>Instead of tea, people drank a mixture of herbs in water that tasted like death and gave you horrible pit-stains </li></ul></ul><ul><li>Yet the people were happy and, in fact, more friendly with their neighbors than ever before. Why? </li></ul>
  3. 3. A quick guide to economics <ul><li>People choose </li></ul><ul><li>People’s choices involve costs </li></ul><ul><li>People respond to incentives in predictable ways </li></ul><ul><li>People create economic systems that influence individual choices and incentives </li></ul><ul><li>People gain when they trade voluntarily </li></ul><ul><li>People’s choices have consequences that lie in the future </li></ul>
  4. 4. A new autopsy for Elvis! <ul><li>People choose </li></ul><ul><li>People’s choices involve costs </li></ul><ul><li>People respond to incentives in predictable ways </li></ul><ul><li>People create economic systems that influence individual choices and incentives </li></ul><ul><li>People gain when they trade voluntarily </li></ul><ul><li>People’s choices have consequences that lie in the future </li></ul>
  5. 5. Historical background <ul><li>1767 – Parliament passes the Townshend Act </li></ul><ul><ul><li>Taxes on glass, lead, paper, paint, tea </li></ul></ul><ul><li>Colonists make a choice </li></ul><ul><ul><li>Start signing Non-Importation Agreements </li></ul></ul>
  6. 6. The costs of the colonists’ choice <ul><li>Colonial merchants cut off imports from England </li></ul><ul><ul><li>What to do with demand? </li></ul></ul><ul><li>Are there any alternatives? </li></ul><ul><li>What is the cost of the colonists’ choice? </li></ul><ul><li>Pretend you’re colonists. Come up with possible alternatives to bringing in new supplies of … </li></ul><ul><ul><li>Paint </li></ul></ul><ul><ul><li>Rum </li></ul></ul><ul><ul><li>Tea </li></ul></ul><ul><ul><li>Cloth </li></ul></ul><ul><ul><li>Sugar </li></ul></ul><ul><ul><li>Manufactured goods (clocks, furniture, carriages) </li></ul></ul>
  7. 7. Incentives and disincentives <ul><li>Newspapers provide incentives to fall in line </li></ul><ul><ul><li>Report merchants who violate the agreements </li></ul></ul><ul><li>Common people provide “incentives” for each other </li></ul><ul><ul><li>What are the costs of going against the agreements? </li></ul></ul><ul><ul><li>What are the benefits of going with the agreements? </li></ul></ul>
  8. 8. Rules of the game – economic system <ul><li>Overseas trade </li></ul><ul><ul><li>Navigation Acts: trade with England or no one </li></ul></ul><ul><ul><li>Sugar Act: smuggle and you’re in trouble </li></ul></ul><ul><li>Trade in America </li></ul><ul><ul><li>Local merchants provide for the towns </li></ul></ul><ul><ul><li>Newspapers watch for folks breaking the boycott </li></ul></ul><ul><ul><li>Private citizens keep watch </li></ul></ul>
  9. 9. Why not trade? <ul><li>People gain when they trade. So why wouldn’t we? </li></ul><ul><li>How do these choices influence trade and exchanges? </li></ul>
  10. 10. Consequences of our choice <ul><li>England knuckles under </li></ul><ul><ul><li>How are colonists going to respond to their victory? </li></ul></ul><ul><ul><li>How are the English going to respond to their defeat? </li></ul></ul><ul><li>Political consequences </li></ul><ul><ul><li>What consequences are there for all the colonies working together? </li></ul></ul><ul><ul><li>What consequences are there for all classes, races, and genders working together? </li></ul></ul><ul><li>Economic consequences </li></ul><ul><ul><li>What consequences are there for Americans manufacturing things on their own? </li></ul></ul>

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