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Grade 5 Unit 4 Colonial Life

History Social Science Content Standards:

5.3 Students describe the cooperation and conflict that existed among the Indians and between the Indian nations and the new settlers in terms of the cooperation that existed between the colonists and Indians during the 1600s and 1700s (e.g., agriculture, the fur trade, military alliances, treaties, and cultural interchanges).

5.4 Students understand the political, religious, social, and economic institutions that evolved in the colonial era, in terms of how the British colonial period created the basis for development of political self-government and a free market economic system, unlike Spanish and French colonial rule.

5.5 Students explain the causes of the American Revolution, in terms of how political, religious, and economic ideas and interests brought about the Revolution (e.g., resistance to imperial policy, Stamp Act, Townshend Acts, tax on tea, and the Coercive Acts).

Economic Principles:

5. Informed and voluntary exchange is a win/win situation for the traders.
Domestic and international trade, money, foreign exchange

6. Markets work when competition, incentives, information, and property rights exist.
Supply, demand, relative scarcity, relative prices, entrepreneurs, profit competition, and market failures

History Social Science Analysis Skills


There is very little kid-friendly information on the Internet about the colonial American economy. The following pieces were the only two articles my research produced. Since economics is such an important concept and difficult for students to underdstand, putting them into one file would be helpful.
Money in North American History: Davies, Glyn. University of Wales Press, 1966. ISBN 0708313515
http://www.ex.ac.uk/~RDavies/arian/northamerica.html

Commercial Banking in Colonial America. Wright, Robert, E. The Early America Review, Summer 1997.
http://earlyamerica.com/review/summer97/banking.html


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