Tuesday, November 15, 2011
Candy stocks
In Free Enterprise, we were taken into the library, and put in a tiny room that was dark and had no windows, then separated into groups. The room was very loud and filled with candy, it was everywhere, on the floor, on the table, the room was completely covered. When Mr. Kapptie said go, we were to race and grab as much candy as we could, putting into a pile. Once all the candy was put into groups and gathered, we were to separate them into different categories according to what type of candy it was, such as different flavors or Laffy Taffy, and different flavors of chocolate, the Marshmallow pumpkins, Krackles, Mr. Goodbars, Herhey's and so on. The color of the wrapper also determined what pile the candy was to be placed in, there was gold, and silver. The candy was simulated as "money" and "stocks." Prices in the Laffy Taffy and the Marshmallow Pumpkins stayed the same throughout the exercises, but the "prices" of the chocolate would vary according to how well the "company" was doing. Obstacles would be thrown in, like splits, and scandals that would affect the stock and we would have to make a decision based off of how we believe the "stock" would do. In the end when the simulation was over, we totaled up the amount of money we "made" with our candy to see who was smart about their "investments."
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