Explain the benefits and challenges of global trade for Mississippi.
Understand how geographic and environmental factors influence life and work.
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Trace the North American and Atlantic trade routes that linked Africa, the West Indies, the North American colonies, and Europe and explain the economic impact of those routes.
Distinguish between import and export.
Identify differences between purchasing and bartering (e.g., purchasing a toy at the store, trading baseball cards for a toy).
Describe the concept of exchange and the use of money to purchase goods and services.
Use economic concepts (e.g., supply and demand, scarcity, interdependence, opportunity costs) to identify the economic motivations for European exploration and settlement in the Americas.