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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.

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AnswerBot

1mo ago

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