What is the significance of Manila Acapulco galleon trade in the historical developments of economic globalization?
The Outstanding Universal Value of MAGT was summarized as follows: 1) “remarkable significance for linking four continents and two oceans, contributing to the development of trade in Asia, Europe, North and South America; 2) paved the way for the widest possible exchange of material goods, cultural traditions and …
What is galleon trade in Spanish period?
The Manila Galleon Trade Route was the major route traveled by Spanish galleons from 1565 to 1815 across the Pacific connecting Acapulco in New Spain (Mexico) to the east and Manila, Philippines in the west. The galleons carried spices, porcelains and other luxury goods…
What is the purpose of galleon?
They were the sole means of communication between Spain and its Philippine colony and served as an economic lifeline for the Spaniards in Manila. During the heyday of the galleon trade, Manila became one of the world’s great ports, serving as a focus for trade between China and Europe.
What did the Royal Philippine Company trade?
The Royal Company, entrepreneurs and the Royal Economic society established industries such as sugar, tobacco, indigo, textile manufacturing, and agriculture for inter-island and international trade, while opening up Philippine ports to retain shipping and export as major businesses.
What was the significance of the galleon trade to the development of the Philippine society?
The Manila galleon trade made significant contributions to colonial Spanish culture. It helped to fashion the very society of the Philippines, which relied upon its income, its merchandise, and the services of Chinese, Malay, and other participants.
What was the significance of the galleon trade to the growth of science and technology in the Philippines?
Galleon Trade – the galleon trade has been the key for the filipinos to study abroad making them more knowledgeable most especially on scientific knowledge. Technology – americans have introduced technology such as television, machines, telephones, xrays and etc.
How is the Philippines central to the history of economic globalization?
How is the Philippines central to the history of economic globalization? Philippine economy has achieved growing alignment with the global economy. This is evident in the general increase in commodity trade and labor migration. Finance is also more integrated, albeit at a relatively moderate speed.