Resource & Trade Simulation - United States of America
President: Zhi Hong Chan
Minister of Finance: Hao Yu (Benny) Huang
Minister of Trade and Communications: Sahana Layli Kanippan
In our class, we had a resource & trade simulation. In this simulation, I was the president of the United States of America. We started out successfully, and we ended up even more successful.
In my opinion, I think that it was a team effort. My teammates, Sahana and Benny, both agreed with me that we would be playing it smart. At first, we were the richest and most successful country, and we knew that we didn’t want our country to become the worst country in the simulation.
Our primary natural resource was lumber and timber. At first, that was a pretty hard primary natural resource to deal with (for us). Because our primary natural resource was lumber and timber, we had to think about what could be made with wood. At that very moment, we were faced with a problem. It was hard to think of things that people would want from us. We didn’t only have to think about what people wanted, but we also had to think about the cost of making the thing. We would have to be able to cover the cost to get profit, so the price had to be high, too (not too high, because people don’t buy things if the price is too high).
We were researching on the computer, and that was when it struck us. ANTISEPTICS. MEDICINE. Apparently, trees were capable of being used to make medicine or antiseptics, so we decided to put that as one of the things that we sold.
Then, we had to decide what we were going to sell. Fuel and antiseptics were the most expensive and essential things for other countries. Then, it was a hard decision. Fuel or antiseptics. After a few minutes, we decided that we were going to sell antiseptics. After all, lots of countries already had fuel so we wouldn’t make as much profit from fuel as antiseptics.
Then, it was shopping time! I taught Sahana to bargain so we would be able to get more manpower and industries for a cheaper price. After all the trading, we were the most successful country. Yay!
Trade is important because it helps keep what countries have balanced (not exactly countries. Not only countries trade.) If countries have too much wood, then they can trade for other resources that they need. In the olden days, people not only traded with money, as they also traded with cows, food, etc. Now, people often trade with money, so trading is essential and beneficial to earn money and to get more resources.
There are a lot of benefits to trading. If people trade, they get more and more things. When people trade, they might lose that resource, but they get money in return. Other than that, when people trade, cultures spread. This means that good food and religions spread all over the world so people can experience the food and religion.
When people trade, they don’t always get what they want. Sometimes, people are so desperate for things that they may need to buy it for a really expensive amount. That was an example of what happened in this simulation. We had lots of industries and manpower, and not all countries had as much industries and manpower. We sold the industries and manpower for expensive prices, but countries were so desperate for industries or manpower, they had no choice but to buy our industries or manpower.
When it comes to trading, things are not always fair. It’s just like life. Life is not always fair. We experienced this in our trade simulation. When we started out, we were the richest country, so we had a “headstart”. If other countries are more successful in the start, then that means that they have an advantage over the other countries.
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