Economics Project Example
Storyboard Text
- the price of silver has increased and so has the demand. people want silver!
- Peru is one of the leading providers of silver in the global economy I want to help increase the supply of silver - and provide for my family - so we are travelling to Peru to become silver miners!
- I know I am only 12, but I am excited to help my papa mine silver and get super rich!
- the price for silver used to be $38. when the demand was high, people like us came to help mine. but now the supply is higher which makes the price lower
- What the boy and his father don't know yet is that newer technologies like the steam engine has changed the silver mining industry in Peru. Making it easier to mine, less workers are need, and the price is dropping due to the larger and faster supply of silver.
- coworkers of the boy and his father tell them a story about how the Spanish conquered Peru and used forced labor of the Indigenous Peoples to increase production of silver for Spain to then trade back in Europe and along the Silk Road in Asia.
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