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Questions and Answers
What type of ships facilitated the Galleon Trade?
What type of ships facilitated the Galleon Trade?
Which country primarily controlled the Galleon Trade as a government monopoly?
Which country primarily controlled the Galleon Trade as a government monopoly?
Which city served as the central point of trade in the east during the Galleon Trade?
Which city served as the central point of trade in the east during the Galleon Trade?
What valuable items were traded from China?
What valuable items were traded from China?
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Mexican silver coins used for trade were known as what?
Mexican silver coins used for trade were known as what?
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Flashcards
Galleon Trade
Galleon Trade
A significant trade period from 1565 to 1815 using large ships called galleons.
Manila
Manila
The central trade hub in the East during the Galleon Trade.
Mexican silver coins
Mexican silver coins
Currency known as 'situados' used in Galleon Trade transactions.
Global transhipment
Global transhipment
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Cultural influence
Cultural influence
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Study Notes
The Galleon Trade
- The Galleon Trade lasted from 1565 to 1815, spanning approximately 250 years.
- Galleons, large ships, facilitated the trade, carrying substantial cargo.
- It was a Spanish government monopoly, restricting trade to specific countries.
- Manila was the eastern trade center, a stop for various traders.
- This trade generated revenue for Spain and expanded its empire's economy.
- The Philippines and Mexico were crucial, with Manila and Acapulco as hubs.
- The trade promoted Philippine economic growth, establishing it as a global player.
Products Traded
- Chinese silk, porcelain, ivory, and cloth were highly desired items.
- Mexican silver coins, "situados," were the primary currency.
- The trade connected Mexico and China, exchanging goods.
Lasting Impacts
- The Galleon Trade initiated global trade, linking East and West for 250 years.
- The Philippines was a vital transhipment point and cultural influence.
- This trade introduced significant Chinese culture and goods to the Philippines, impacting traditions.
- The Galleon's trade sparked the first wave of globalization, creating connections and aiding a global economy.
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Description
The Galleon Trade (1565-1815) was a Spanish government monopoly. Manila in the Philippines was the central trade point in the East, while Acapulco acted as a hub in Mexico. It boosted the economy of the Spanish Empire and the Philippines.
