Econ: Andersonville Economy


Andersonville

All society must develop an economic system to answer the basic economic questions. While we usually identify economic systems with a country (the United States has a market oriented system; the former Soviet Union had a command system), it is also possible to identify an economic system at a micro level. Students will examine how a group of civil war prisoners developed an economic system within their camp, a system designed to allocate scarce resources.

After our discussion, we read “Andersonville, What Really Happened.”  We read it, underlining those aspects of the Andersonville economy that reflect a command approach and circling those aspects that reflect a market approach. Finally we shared our ideas on the question: “Is it appropriate to label the Andersonville system as a market economy?” We learned that this economic system, like many economic systems, was a mixture of market and command economic systems.


Homework:
1) Read Chapter 3.5 pp.50-53

Arrows-02-june

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