JA Global Marketplace is designed to provide practical information about the key aspects of the global economy, what makes world trade work, and how trade affects students’ daily lives.
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KEY LEARNING OBJECTIVES |
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Activity One: “X” Marks the Spot
Working in groups to identify import items found throughout the classroom, students begin to recognize that trade with other countries affects their daily lives. Students understand that international trade occurs when nations want or need resources or services from other countries because they themselves cannot satisfy those needs and wants at reasonable costs.
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- define trade.
- explain why countries trade with one another.
- list at least five products or items imported from other countries and locate those countries on a world map.
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Activity Two: You Be the Judge
Students learn that nations use several methods to increase their trade benefits. Agreements with one or more countries often are made to facilitate trade and
avoid conflict.
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give examples of how pioneers or settlers used their knowledge, skills, and experience to acquire a homestead and produce food for themselves and others.
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recognize the significant role agriculture played in the economic development of the United States during the 1800s.
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identify the risk factors as well as the costs and benefits involved in making a decision.
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Activity Three: Let’s Make a Deal
Students work in groups to identify and understand the business practices used in other countries. Students discover that business practices vary from country to country and that understanding these practices can have a positive impact on trade.
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| Activity Four: People Power
Students discover how the movement of people facilitates international trade. They discuss examples of immigration and, through creative activities, gain insight into the lives of immigrants. They learn that economic opportunity often is the driving force behind immigration and global trade.
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- list several basic modes of transportation used in 19th-century America.
- identify the productive resources—natural, human, and capital—that influenced the development of transportation during the 19th century.
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| Activity Five: World of Words
Students discover how advances in communication and transportation have improved productivity and facilitated world trade. From moveable type to the Internet, students trace the international flow of information and its impact on world economies.
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- explain how methods of communication developed in the 1800s helped expand commerce in the United States.
- explain how the invention of the telegraph expanded business opportunities across America.
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| Activity Six: World of Money
To participate in international trade, businesses and individuals must be able to purchase goods and services from each other. Students will learn that countries have different currencies with different values. To purchase goods from another country, it usually is necessary to use that country’s currency. Some European countries have facilitated the exchange process by adopting the euro as a common currency.
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- describe how industrialization led to increased productivity during the 19th century.
- describe the role of entrepreneurs in bringing new products to market.
- create a plan for a new innovation.
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