Economic Development in the Philippines

The barter system in the pre-colonial period allowed access to ______ goods.

During Spanish colonization, new agricultural practices introduced crops like ______, coffee, and sugarcane.

The ______ system was implemented by the Spanish colonial government to regulate labor and tribute.

Social structures in pre-colonial Philippines had economic roles tied to social ______.

The cash-based economy replaced the barter system during the ______ period.

Galleon trade connected ______ to Mexico, facilitating the movement of goods.

Marketplaces called ______ were where traders gathered in pre-colonial Philippines.

Infrastructure improvements such as roads and ______ were made to support trade.

Historical Context of Economic Development in the Philippines

Economic history uses past events and economic theory to understand how history affected economies.
Philippine economic history shows growth alongside exploitation of resources by colonizers.
Studying economic history helps understand today's economic decisions.

Pre-Colonial Period (900s-1565)

Before Spanish colonization, the Philippines had a vibrant economy with trade, agriculture, and craft production.
The barter system allowed access to imported goods shaping fashion, lifestyle, and governance.
"Tiangge" were marketplaces.
Trade routes facilitated exchanges.
Subsistence and agriculture relied on local resources for crops and livestock.
Skilled craftspeople and artists made market goods.
Social structures were tied to economic roles with specializations in trade and crafts.

Colonial Period (1565-1898)

Spanish colonization introduced new agriculture, like tobacco, coffee, and sugarcane.
These became major export products through the encomienda system.
Bartering was replaced by a cash-based economy.
Galleon trade connected Manila to Mexico, facilitating the flow of goods and silver.
Export-oriented agriculture shifted local economies and sometimes undermined traditional practices.
Infrastructure improvements (roads and ports) supported trade.
Agricultural production focused on trading cash crops.

Explore the historical context of economic development in the Philippines from the pre-colonial period through the colonial period. Understand how trade, agriculture, and resource exploitation shaped the economy and social structures. This quiz delves into the influences that have led to contemporary economic decisions.