Minnesota Academic Standards
MN.5. Grade Five: History of North America (up to 1800)
5.2.1. Economic Reasoning Skills
126.96.36.199. People make informed economic choices by identifying their goals, interpreting and applying data, considering the short- and long-run costs and benefits of alternative choices and revising their goals based on their analysis.
188.8.131.52.1. Apply a decision-making process to identify an alternative choice that could have been made for a historical event; explain the probable impact of that choice.
5.2.2. Personal Finance
184.108.40.206. Personal and financial goals can be achieved by applying economic concepts and principles to personal financial planning, budgeting, spending, saving, investing, borrowing and insuring decisions.
220.127.116.11.1. Describe various uses of income and discuss advantages and disadvantages of each.
5.2.4. Microeconomic Concepts
18.104.22.168. Profit provides an incentive for individuals and businesses; different business organizations and market structures have an effect on the profit, price and production of goods and services.
22.214.171.124.1. Describe the concept of profit as the motivation for entrepreneurs; calculate profit as the difference between revenue (from selling goods and services) and cost (payments for resources used).
5.3.1. Geospatial Skills
126.96.36.199. Places have physical characteristics (such as climate, topography and vegetation) and human characteristics (such as culture, population, political and economic systems).
188.8.131.52.1. Locate and identify the physical and human characteristics of places in the North American colonies.
5.3.4. Human Environment Interaction
184.108.40.206. The meaning, use, distribution and importance of resources changes over time.
220.127.116.11.1. Explain how geographic factors affected land use in the North American colonies.
5.4.1. Historical Thinking Skills
18.104.22.168. Rivalries among European nations and their search for new opportunities fueled expanding global trade networks and, in North America, colonization and settlement and the exploitation of indigenous peoples and lands; colonial development evoked varied responses by indigenous nations, and produced regional societies and economies that included imported slave labor and distinct forms of local government. (Colonization and Settlement: 1585-1763)
22.214.171.124.4. Compare and contrast life within the English, French and Spanish colonies in North America. (Colonization and Settlement: 1585-1763)
126.96.36.199. The divergence of colonial interests from those of England led to an independence movement that resulted in the American Revolution and the foundation of a new nation based on the ideals of self-government and liberty. (Revolution and a New Nation: 1754-1800)
188.8.131.52.2. Describe the development of self-governance in the British colonies and explain the influence of this tradition on the American Revolution. (Revolution and a New Nation: 1754-1800)