What happened to the Philippines after the galleon trade?
End of the Galleons The Manila-Acapulco galleon trade ended in 1815, a few years before Mexico gained independence from Spain in 1821. After this, the Spanish Crown took direct control of the Philippines, and governed directly from Madrid.
Why was Manila considered the galleon trade?
The so-called Manila Galleon (“Nao de China” or “Nao de Acapulco”) brought porcelain, silk, ivory, spices, and myriad other exotic goods from China to Mexico in exchange for New World silver. (It is estimated that as much as one-third of the silver mined in New Spain and Peru went to the Far East.)
What are the most important economic changes in the Philippines during the 19th century?
The demand for Philippine sugar and abaca (hemp) grew apace, and the volume of exports to Europe expanded even further after the completion of the Suez Canal in 1869. The growth of commercial agriculture resulted in the appearance of a new class.
What is Galleon Trade Philippines?
The Galleon Trade was a government monopoly. Only two galleons were used: One sailed from Acapulco to Manila with some 500,000 pesos worth of goods, spending 120 days at sea; the other sailed from Manila to Acapulco with some 250,000 pesos worth of goods spending 90 days at sea.
How did the Manila-Acapulco Galleon trade start?
The Spaniards closed the ports of Manila to all countries except Mexico. Thus, the Manila–Acapulco Trade, better known as the ” Galleon Trade ” was born. The Galleon Trade was a government monopoly. Only two galleons were used: One sailed from Acapulco to Manila with some 500,000 pesos worth of goods, spending 120 days at sea;
Why was the Manila galleon important to the Spanish?
Due to official attempts at controlling the galleon trade, contraband and understating of ships’ cargoes became widespread. The galleon trade was supplied by merchants largely from port areas of Fujian who traveled to Manila to sell the Spaniards spices, porcelain, ivory, lacquerware, processed silk cloth and other valuable commodities.
How did the Chinese contribute to the galleon trade?
They most probably clandestinely participated in the galleon trade which no one but Spaniards were allowed to do. Many Chinese became very wealthy through hard work. Manila was almost a Chinese city with the huge migration of Chinese due to the Manila Galleon trade as against the few Spaniards and Filipino natives.
Where did the Spanish trade with the Philippines?
The Galleon Trade. When the Spaniards came to the Philippines, our ancestors were already trading with China, Japan, Siam, India, Cambodia, Borneo and the Moluccas. The Spanish government continued trade relations with these countries, and the Manila became the center of commerce in the East.