Post on 03-Jun-2018
transcript
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Economic Institution
During Spanish Rule
Economic Institution
During Spanish Rule
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Part 1:
Manila-Acapulco GalleonTrade
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The Manila-Acapulco
Galleon Trade was atrade between Manila,
Philippines and Acapulcoin Mexico. The trade took
place in a big boat calleda Galleon.
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First, a short video-clip
Of the Manila-AcapulcoGalleon Trade:
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This is a Picture of a Spanish Galleon
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The voyage between
these two countrieslasted approximately 200
days. Through the ManilaGalleons, the Americas
and the Asian worldswere linked.
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To have access to this
trade, a ticket called aboleta was needed, the
cost of which was P250.
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The trade benefited only
a small group of privilegeSpaniards, the
government, churchofficials and some
Spanish residents inManila.
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Those who participated
in the trade profitedmuch but in return, the
agriculture and the carefor resources were
neglected because thosewho participated went to
Manila often and
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neglected their jobs, they
also required moreworkers or polistas in
the shipyards toconstruct the Galleons.
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Also the funds or Obras
Pias that was donatedby the rich people for
charity were borrowedby some of the officials
for the trade but werenever returned.
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Tempted by the lucrative
trade, Chinese immigrants
converged in Binondo,
Manila as early as 1637. By
1687, retail and small creditbusiness is flourishing and
under the control of theChinese Mestizos.
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The Galleon trade lasted
about 200 years. Whenthe trade suffered losses,
such as when theGalleons sank because of
overloading and the shipswere often raided by
English and Dutch
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Pirates. The king of spain
ordered the abolition ofthe galleon trade.
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POSITIVE EFFECTS OF
THE GALLEON TRADE:
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1. There were many
goods and supplies beingbrought to Manila.
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2. Intercultural
exchanges between thePhilippines and
Americans. Symbolizedby the Mexican made
Virgin of Antipolo, thepatroness saint of sailors.
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3. The trade brought
many valuable flora andfauna into the
Philippines: avocado,guava, papaya, pineapple,
horses and cattle.
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4. The trade also
brought to thePhilippines the moro-
moro, moriones & theBlack Nazarene of
Quiapo.
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5. Also a lot of
elements of our languageare of Spanish origins.
Ex. Tsokolate, tiyangge.
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NEGATIVE EFFECTS OF
THE GALLEON TRADE:
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1. Galleon construction
conflicted with theplanting and harvesting
schedules.
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2. The growth of
Philippine agriculturewas retarded because the
money and gains werechannelled to the galleon
trade.
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3. Forced labor by the
polistas ignited theSumodoy revolt and the
Pampanga revolt.
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Part 2:
Royal Company of the
Philippines
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The Royal Company of
the Philippines wascreated in 1785by the
Spaniard: Charles IIItoenhance trade between
Spain and thePhilippines.
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To help the company, the
king granted it somerights:
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Usage of the Spanish
Navy flag in its vehicles.
Right to buy equipmentat government prices
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Non-payment of taxes
for its exports.
Right for its ships totravel to all ports in
Manila.
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The company was also
granted exclusive
monopoly of bringing to
Manila Chinese andIndian goods and
shipping them directly toSpain.
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It was stiffly objected by
the Dutch and Englishwho saw it as a direct
attack on their trade ofAsian goods. It was also
opposed by the Galleontrade who saw it as
competition.
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The rivalry between the
company and the galleontrade resulted in political
unrest in the Philippines.For the Spaniards, the
company helped the earlygrowth of agriculture,
especially Philippine d lik
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grown products like
indigo, sugar, coffee,
spices and textiles. To the
Filipinos, they wereforced to plant more
crops for exports fromwhich they did not
benefitted at all. PURPOSE
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PURPOSE:
To enhance trade,
agriculture and otherindustries in the
Philippines.
T i A i d
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To unite American and
Asian commerce.
The company offeredforeign capital to the
country to help itdevelop its natural
resources.
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Part 3:
Royal Economic Society
Of friends
Th S i d J d
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The Spaniard Jose de
Basco y Vargas followed
the royal order by
forming a society ofintellectuals capable of
producing new anduseful ideas.
H f d th R l
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He formed the Royal
Economic Society of
Friends, composed of
leading men in business,industry and the
professions, whom heprodded to exploit the
islands (Phili i ) t l
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(Philippines) natural
bounties.
B i t d d th
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Basco introduced the
Plan General Economico
to make the economy
self-sufficient from theannual Mexican subsidy.
The plan includedincome-generating
monopolies of tobacco, t i it
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areca nut, spirituous
liquors and explosives.
Exploiting the countrys
natural resourcesthrough agriculture,
commerce and industry,
B i ti b
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Basco gave incentives by
awarding cash prizes and
medals of recognition for
excellence infarming indigo, spices,
cotton, cultivatingmulberry for silk
production, bee-keeping, i i i ti th
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mining, inventions, the
arts and sciences.
Th S i t ff d l l
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The Society offered local
and foreign scholarships
and training grants and
an endowment fund for aprofessional chair in
agriculture, andestablished an academy
of design. It i l dit d f th
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It is also credited for the
carabao ban in 1782, the
formation of silversmiths
and gold beaters guildand the construction of
the first papermill in thePhilippines in 1825.
P
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Purpose:
To make the economy of
the Philippines self-sufficient from the
annual subsidy fromSpain.
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Part 4:
Answering of the guidequestions:
P t 1:
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Part 1:
What were the effects of
these imposedinstitutions by the
Spaniards?
These institutions
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These institutions
increased and exposed
the Philippines to global
trade and new productsbut brought hardships to
the Filipino people.
The growth of
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The growth of
Philippine
agriculture was at
a standstill
because resources
and labor werediverted to these
institutions. The Management of
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The Management of
local economy also
suffered.
Part 2:
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Part 2:
What was the reaction
of the Filipinos to these
imposed institutions by
the Spaniards?
Because of these
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Because of these
institutions, Filipinos
were more miserable.
They were forced to do
labor which did were not
beneficial to them but tothe Spaniards.
Some of the provincial
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Some of the provincial
revolts are results of
these unfair practice.
Part 3:
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Part 3:
Why do you think
the Spaniardsimposed these
kinds ofinstitutions in the
Philippines? The Spaniards wanted
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. The Spaniards wanted
to effect progress in the
Philippines.
The Spaniards wanted to
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The Spaniards wanted to
make the Philippines
self-sufficient.
The Spaniards also
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The Spaniards also
colonized the Philippines
for the enrichment and
expansion of the Spanishempire.
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By: Group Tausugs
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Thanks for Listening!