social spanish institution 2nd qtr

8/12/2019 Social Spanish Institution 2nd Qtr

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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!

social spanish institution 2nd qtr

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