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ØBad Effects
The basic agricultural production were set aside due to the prioritization of its commercial aspect like abaca and tobaccoØThe economy of Philippines slowed downØThe management of local communities were neglectedØThe Spaniards forgot that it was not only the galleon trade were the source of income of the government
Good Effects
ØThey were able to prolonged the colony of SpainØIt was the main source of income for both the government and the church leadershipØIt maintained the Natural Resources of the countryØIt opened the doors to the westerned countries for the conceptualization and adaptation of the modern technologiesØIt manifested a cultural exchange for the Filipinos and foreigners
What else can I help you with?
How did the galleon trade hurt the economy of the Philippines and the livelihood of Filipinos?
The Manila Galleon trade system concentrated wealth in the hands of a few elite Spanish and Filipino families, leading to economic inequality and limited economic development for the rest of the population. The heavy taxation imposed by the Spanish colonial authorities to fund the trade also burdened the local economy and hindered the growth of local industries and businesses. Additionally, the trade disrupted traditional Filipino industries and agriculture, as resources were redirected towards servicing the needs of the galleon trade.
Characteristics of Philippine trade and industry may be traced to galleon trade policy of Spain?
The galleon trade was a system of maritime trade routes established between Manila and Acapulco by Spain in the 16th century. This trade route facilitated the exchange of goods between Asia and the Americas, which influenced the development of trade and industry in the Philippines. The galleon trade brought about the introduction of new products, cultural exchanges, and economic integration with other regions, shaping the trade and industry landscape in the Philippines.
Why did William Lytle Schurz called the galleon trade the most oppressive phase of the Spanish domination in the Philippine islands?
It was during this period that the natives of the Philippine islands was mostly oppressed for the benefit of the Spaniards. Natives from islands as far as Cebu were brought to manila to serve their polo. these men, farmers who could not afford to pay the amount to be exempted from polo were forced to work in the mountains of Cavite and other provinces, cutting timber, and drag these logs to the harbor to build the ships. they did all this work with no pay and sometimes, they weren't sent back to their own provinces (Cebu, Mindoro, etc).These timbers were used for the galleon trade which was controlled by the Spaniards. The galleon trade lasted for 250 years and during this time, the indios suffered much but gained little.
Why was manila so important?
Manila was important due to its strategic location as a port city in the Philippines, providing access to trade routes connecting Asia with the rest of the world. It was a hub for Spanish colonization and trade in the region, and played a key role in the global exchange of goods and cultures during the colonial era. Additionally, Manila’s harbor was ideal for anchoring ships and facilitating maritime activities.
How did manila men showed reason logic?
Manila men showed reason and logic through critical thinking and problem-solving. They used evidence and analysis to make decisions and form arguments. This was demonstrated in various aspects of their lives, such as in trade, governance, and social interactions.
Who benefited from the Manila galleon trade?
Spanish people benefited most from the Manila galleon trade.
What are effect of manila galleon trade?
They pooped on the ships
When did Manila-Acapulco Galleon end?
Manila-Acapulco Galleon ended in 1815.
When was Manila-Acapulco Galleon created?
Manila-Acapulco Galleon was created in 1565.
Why did the manila galleon trade stopped?
The Manila galleon trade stopped primarily due to the Mexican War of Independence, which began in 1810 and disrupted trade routes. Additionally, changing economic conditions, the rise of new trade routes, and increasing competition from other nations contributed to its decline. By the mid-19th century, steamships and the opening of the Panama Canal further diminished the reliance on traditional galleon routes, leading to the trade's eventual cessation in 1815.
How did the galleon trade hurt the economy of the Philippines and the livelihood of Filipinos?
The Manila Galleon trade system concentrated wealth in the hands of a few elite Spanish and Filipino families, leading to economic inequality and limited economic development for the rest of the population. The heavy taxation imposed by the Spanish colonial authorities to fund the trade also burdened the local economy and hindered the growth of local industries and businesses. Additionally, the trade disrupted traditional Filipino industries and agriculture, as resources were redirected towards servicing the needs of the galleon trade.
Characteristics of Philippine trade and industry may be traced to galleon trade policy of Spain?
The galleon trade was a system of maritime trade routes established between Manila and Acapulco by Spain in the 16th century. This trade route facilitated the exchange of goods between Asia and the Americas, which influenced the development of trade and industry in the Philippines. The galleon trade brought about the introduction of new products, cultural exchanges, and economic integration with other regions, shaping the trade and industry landscape in the Philippines.
Who is the patron saint of Manila Acapulco Galleon trade?
It was Nuestra Seniora dela Paz y Buenviaje English name: Our Lady of Peace and Good Voyage
What was the role ofn manila bay in the galleon trade?
Manila Bay served as a crucial hub in the galleon trade, which connected Asia and the Americas from the 16th to the 19th centuries. It was the primary port for the Spanish Manila-Acapulco Galleons, facilitating the exchange of goods such as silver, spices, silk, and other valuable commodities. The bay's strategic location provided a safe harbor and a central point for trade routes, enabling efficient transport and commerce across the Pacific Ocean. This trade significantly impacted the economies of Spain, the Philippines, and other regions involved in the exchange.
What are the effects of manila acapulco trade in the Philippines economy?
The Manila-Acapulco trade, also known as the Galleon Trade, significantly boosted the Philippine economy during the Spanish colonial period from 1565 to 1815. It established the Philippines as a vital hub in global trade, facilitating the exchange of goods such as silk, spices, and silver between Asia and the Americas. This trade route fostered cultural exchanges and introduced new commodities, leading to economic growth and increased local production. Additionally, it laid the groundwork for future economic relationships and trade networks in the region.
What was a galleon built of?
Wood and wrought iron, mainly, but also manila rope and canvas.
What is the galleon trade?
The Galleon Trade is referring to trading ships that sailed across the Pacific Ocean to the following places:Manila (Philippines)AcapulcoNew Spain (Mexico)
