Galleon Trade: Manila-Acapulco Trade Route

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.