Why Do Nations Trade?

6th Grade Social Studies

Unit 6, Lesson 5:

Why Do Nations Trade?

1

TRADE

2

Why do we usually use money instead

of trading goods for goods?

Open Ended

Why do you think we use money instead of just trading goods for other goods?

3

Multiple Choice

What was shown in the picture on the last slide?

• Different types of money

• Various kinds of coins

• Portraits of famous people

4

Is global trade something new?????

Give evidence for your answer.

Open Ended

Do you think global trade is something new? Why or why not?

Watch this .gif of global trade routes.

​

Take a moment...

6

How has trade changed?????

Volume

Geographic range

Complexity

Diversity

TRADE

7

How has trade changed?????

Speed

Volume

Geographic range

Complexity

Diversity

TRADE

8

How has trade changed?????

Speed

Volume

Geographic range

Complexity

Diversity

TRADE

9

How has trade changed?????

Speed

Volume

Geographic range

Complexity

Diversity

TRADE

10

How has trade changed?????

Speed

Volume

Geographic range

Diversity

Diversity

TRADE

11

How has trade changed?????

Speed

Volume

Geographic range

Diversity

Complexity

TRADE

12

What has caused these changes?????

13

What has caused these changes?????

Improvements in
Communication

14

What has caused these changes?????

Improvements in
Communication

Improvements in
Transportation

15

1 TEU (Twenty-foot Equivalent Unit)

Container Ship used in Global Trade

16

17

What are the top 5 trading partners of the U.S.?

?

1.

2.

3.

4.

5.

Open Ended

Who do you think are USA's top five trading partners?

18

What are the top 5 trading partners of the U.S.?

?

1. Canada

2.

3.

4.

5.

19

What are the top 5 trading partners of the U.S.?

?

1. Canada

2. China

3.

4.

5.

20

What are the top 5 trading partners of the U.S.?

?

1. Canada

2. China

3. Mexico

4.

5.

21

What are the top 5 trading partners of the U.S.?

?

1. Canada

2. China

3. Mexico

4. Japan

5.

22

What are the top 5 trading partners of the U.S.?

?

1. Canada

2. China

3. Mexico

4. Japan

5. Germany

23

26

24

What export do you think this shows?

25

Cereals (wheat, rice, barley and corn)

Open Ended

What export do you think that map was showing?

26

What are other major U.S. exports?

Open Ended

What goods do you think are the USA's top 5 exports?

27

Civilian aircraft, engines, equipment, and parts

105,547,180

Fuel oil

64,344,343

Petroleum products, other

61,014,197

Passenger cars, new and used

56,097,345

Other parts and accessories of vehicles

54,645,906

Industrial machines, other

48,803,393

Pharmaceutical preparations

47,937,979

Semiconductors

42,580,142

Electric apparatus

40,137,919

Telecommunications equipment

39,710,737

Plastic materials

36,174,271

Chemicals-organic

35,422,761

Medicinal equipment

34,086,563

Nonmonetary gold

33,406,928

Minimum value shipments

32,130,566

Computer accessories

31,362,045

Chemicals-other

30,378,192

Industrial engines

29,199,903

Measuring, testing, control instruments

24,751,304

Other industrial supplies

24,681,324

Other household goods

23,593,730

Soybeans

22,876,737

Gem diamonds

20,909,157

Trucks, buses and special purpose vehicles

20,736,458

Finished metal shapes

20,206,347

Meat, poultry, etc.

18,463,541

Computers

16,690,431

Engines and engine parts (carburetors, pistons, etc.)

16,467,626

Materials handling equipment

15,294,161

Excavating machinery

14,714,628

Generators, accessories

14,180,613

Newsprint

13,377,396

Other foods

12,862,322

Drilling & oilfield equipment

12,247,606

Jewelry, etc

11,763,202

Toiletries and cosmetics

11,309,941

Iron and steel mill products

11,116,258

Photo, service industry machinery

11,072,465

Laboratory testing instruments

10,979,867

Wheat

10,686,675

Open Ended

Why do you think countries export?

29

Why Do Countries Export?

More goods are being produced than a country
needs.

30

Why Do Countries Export?

More goods are being produced than a country
needs.

Goods can be sold to other countries at higher
prices than if sold domestically.

31

Why Do Countries Export?

More goods are being produced than a country
needs.

Goods can be sold to other countries at higher
prices than if sold domestically.

Goods can be sold in order to earn foreign currency
which can be used to purchase imports.

32

Why Do Countries Export?

More goods are being produced than a country
needs.

Goods can be sold to other countries at higher
prices than if sold domestically.

Goods can be sold in order to earn foreign currency
which can be used to purchase imports.

Selling exports can increase levels of employment.

33

SPECIALIZATION

34

SPECIALIZATION

TRADE

35

What imported good do you think this

shows?

Open Ended

What imported good do you think was shown?

36

Clothing

37

What countries are big exporters of clothing?

38

We import clothes because we aren’t capable of

making clothes in the U.S. Agree or disagree?

Explain your answer.

Open Ended

"We import clothes because we cannot make them in the US." Do you agree or disagree with that statement? Why?

39

40

What are other major U.S. imports?

Open Ended

What do you think are the USA's top 5 imports?

41

IMPORT

42

IMPORT

EXPORT

43

IMPORT

EXPORT

Toys

44

IMPORT

45

IMPORT

EXPORT

46

IMPORT

EXPORT

Cars

47

IMPORT

48

IMPORT

EXPORT

49

IMPORT

EXPORT

Electronics

50

Crude oil

272,465,752

Passenger cars, new and used

152,667,969

Other parts and accessories

92,002,958

Other (clocks, port typewriters, oth household gds

90,187,110

Medicinal, dental and pharmaceutical preparations

84,042,277

Computers

64,667,781

Computer accessories, peripherals and parts

56,491,001

Telecommunications equipment

54,383,226

U.S. goods returned, and reimports

51,843,082

Apparel and household goods-cotton

48,647,938

Other petroleum products

48,401,548

Other industrial machinery

47,232,350

Electric apparatus and parts, n.e.c.

45,693,624

Fuel oil

44,295,244

Apparel and household goods-other textiles

41,869,808

Semiconductors and related devices

41,448,071

Toys, shooting and sporting goods, and bicycles

33,255,146

Other scientific, medical and hospital equipment

32,500,950

Other (boxes, belting, glass, abrasives, etc.)

29,229,469

Television receivers, vcr's & other video equip.

28,759,355

Furniture, household items, baskets

27,578,036

Engines and engine parts

26,392,911

Industrial organic chemicals

26,381,402

Complete and assembled

25,334,707

Gem diamonds-uncut or unset

23,401,040

Household and kitchen appliances

23,386,832

Industrial engines, pumps, compressors & generators

22,046,309

Generators, transformers, and accessories

21,208,265

Footwear of leather, rubber, or other materials

19,525,866

Measuring, testing and control instruments

18,784,036

Iron and steel mill products-semi-finished

18,106,668

Fish and shellfish

17,936,163

Engines for civilian aircraft

17,302,492

Finished metal shapes & advanced manuf, except steel

16,841,855

Photo and service industry machinery & trade tools

16,384,550

Nonmonetary gold

15,911,048

Fertilizers, pesticides, and insecticides

15,471,591

Parts for civilian aircraft

15,319,604

Plastic materials

15,318,267

Other products (notions, writing and art supplies)

13,928,131

Civilian aircraft, complete-all types

13,752,811

Open Ended

Why do you think countries import goods?

53

Why Do Countries Import?

Countries want goods that are essential but not
available in the domestic market..

54

Why Do Countries Import?

Countries want goods that are essential but not
available in the domestic market..

Countries want goods that are highly desired but
not available in the domestic market.

55

Why Do Countries Import?

Countries want goods that are essential but not
available in the domestic market..

Countries want goods that are highly desired but
not available in the domestic market.

Countries want goods that can be produced cheaper
or more efficiently by another country.

56

57

How has trade changed?????

Speed

Volume

Geographic range

Diversity

Complexity

TRADE

58

ACTIVITY

Where do you think

Levi’s Jeans are

made?

Poll

Where do you think Levi's jeans are made?

• North America

• Asia

• Europe

• Africa

59

ACTIVITY

All Levi’s jeans are
made outside America
with one exception -- a
single line of jeans
produced at a factory
called “White Oak” in
Greensboro, North
Carolina.

60

61

SPECIALIZATION

TRADE

62

SPECIALIZATION

TRADE

INTERDEPENDENCE

Open Ended

Explain in your own words how trade can lead to interdependence.

63

Property of Oakland Schools

Author: Carol Egbo
Editor: Amy Bloom

Property of Oakland Schools

Author: Carol Egbo
Editor: Amy Bloom

Copyright © 2010-2015 Oakland Schools