Renaissance Economics

This week in Social Studies, the 7th graders began their Renaissance unit.  They learned about how different cities in Italy traded with one another and how businesses took out loans from the bankers in each city.  Mr. Palmieri broke the students into groups to create a business as if they lived in those cities at the time.  They each came up with a business plan and proposal to ask the banker for a loan.

 Haley and Olivia K. discuss the materials that they need for their business.

 Sophie and Tessa discuss their business plan while William and David calculate their costs.  They had to calculate start-up costs, materials, and interest from their loan from the bank.

 Leo reads his group's business proposal to the banker (Mr. Palmieri) and asks for a loan.

The banker approves Jacob's proposal and lends him some money, but reminds him that he must pay the loan back with interest.

Ask a seventh grader what city they had to represent and what business they created!