Galleon Trade
Was the Galleon Trade beneficial to the Economy of the Philippines?
Well some of not all of them are beneficial to our country. The good effect or benefits that we get from the galleon trade is they were able to prolonged the colony of Spain It was the main source of income for both the government and the church leadership It maintained the natural resources of the country It opened the doors to the westerner countries for the conceptualization and adaptation of the modern technologies It manifested a cultural exchange for the Filipinos and foreigners. The bad effect is the basic agricultural productions were set aside due to the prioritization of its commercial aspect like abaca and tobacco. The economy of Philippines slowed down. The management of local communities was neglected. The Spaniards forgot that it was not only the galleon trade were the source of income of the government
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. 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 Tradewas 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.
It also allowed modern, liberal ideas to enter the country, eventually inspiring the movement for independence fromSpain. And because the Spaniards were so engrossed in making profits from the Galleon Trade, they hardly had any time to further exploit our natural resources.
Basco’s Reforms -Filipino farmers and traders finally had a taste of prosperity when Governor General Jose Basco y
Well some of not all of them are beneficial to our country. The good effect or benefits that we get from the galleon trade is they were able to prolonged the colony of Spain It was the main source of income for both the government and the church leadership It maintained the natural resources of the country It opened the doors to the westerner countries for the conceptualization and adaptation of the modern technologies It manifested a cultural exchange for the Filipinos and foreigners. The bad effect is the basic agricultural productions were set aside due to the prioritization of its commercial aspect like abaca and tobacco. The economy of Philippines slowed down. The management of local communities was neglected. The Spaniards forgot that it was not only the galleon trade were the source of income of the government
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. 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 Tradewas 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.
It also allowed modern, liberal ideas to enter the country, eventually inspiring the movement for independence fromSpain. And because the Spaniards were so engrossed in making profits from the Galleon Trade, they hardly had any time to further exploit our natural resources.
Basco’s Reforms -Filipino farmers and traders finally had a taste of prosperity when Governor General Jose Basco y