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
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equilibrium price and quantity for cloth in the US in the absence of [international] trade. P 0 1 2 3 4 5 6 7 8 QD 16 14 12 10 8 6 4 2 0 QS -- -- 0 4 8 12 16 20 24 b) If the US now allows free trade and P=$2.00 on the world market and we assume no transportation costs‚ how much cloth will the US consume‚ produce and import with free trade? When the price is 2‚ The cloth will be consumed 12 tons‚ and produced 0 tons
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Fur Industry The fur industry is very large around the world and it continues to be profitable for almost all parties involved. Regardless of the anti-fur advocates there still is a lot of buying and selling of these pelts‚ although the amount has been dramatically reduced over the past few years. After watching the video in class on this subject I felt compelled to go online and look into more statistics regarding the fur trade in Canada. The video itself seemed rather out dated and I wanted
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Part 1: The slave trade was conducted by the Europeans in order to raise their profit of sugar plantation‚ and they cornered Africans into a harsh situation during and after the voyage. From the early 1500’s to the early 1600’s‚ the Europeans increasingly bought slaves from Africans who needed weapons and other food supplies for their ongoing wars. To maximize the profit‚ the captains of slave ships wanted to carry as many healthy slaves for as little cost as possible by choosing either a loose or
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“12 million Africans were brought to the new world against their will to perform back breaking labor under terrible conditions”. From the 1500-1700‚ slave trade started in the region of Africa‚ specifically in Swahili. Slavery was an inhumane act. It was truly barbaric and constantly controlling a person’s life‚ what they eat‚ sleep or if they were sold or bought‚ was vicious. The slaves were used and thrown away like garbage. As mentioned above‚ following along it was from the Swahilis where it
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FREE TRADE 자유 무역 التجارة الحرة Free trade has many different properties that make it both good and bad. I believe that the positives aspects of free trade outweigh the negative‚ but the negatives are still significant. Having a free trade agreement with another country can cause a loss of income to local businesses‚ but it allows businesses to step up their work ethic and improve products and production. This can benefit the unemployed because business owners need to hire more workers. A
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FITTskills: International Trade Finance Case Study #1: New Modes of Trade Finance Case Study #1: New Modes of Trade Finance Trade finance in the twenty-first century: plug and pay? Palate-Able Delights (PAD) is a niche retailer of high-end food products imported from various parts of the world. Iranian saffron and caviar‚ French champagnes‚ Italian truffles and olive oils‚ vintage balsamic vinegars‚ fine cheeses‚ reserve wines from the leading vintners‚ even limited-availability spring waters…if
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Trade and Finance Trade and Finance Speech Today the current state of the United States macroeconomy will be discussed. Over the past three years the government has experienced economic growth and falling employment since the recession ended. However‚ this has been the weakest rebound from a recession after World War II ((Sivy‚ 2013). The unemployment is higher than it should be‚ and the economic growth has slowed down dramatically. Our citizens who have secure jobs and a stable home the
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In the early modern period‚ silver became the currency of the world. Never before had any good been so zealously sought after or acquired. Not even the grand spice trade routes over Asia could compare with the enormous scale and complexity the discovery of deposits of silver in Spanish America and Japan brought to global commerce. The silver trade initially brought extravagant‚ even opulent‚ wealth to Europe‚ China‚ Japan‚ and the traders in these nations‚ but in the end resulted in one of the most
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The Galleon Trade 1565 - 1815 The Manila Galleon or “Nap de China” was the first route to sail through the Pacific Ocean as a link between Asia and America. Through this route‚ and after having colonized Philippines‚ Spain controlled this commercial route for almost three centuries‚ uniting Seville‚ Philippines and Mexico. • The Manila-Acapulco galleon trade began when the Augustinian friar‚ Andrés de Urdaneta‚ sailing in convoy under Miguel López de Legazpi‚ discovered a return route from Cebu
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