Podcast
Questions and Answers
When did the Galleon Trade start?
When did the Galleon Trade start?
What was the purpose of the Royal Philippine Company?
What was the purpose of the Royal Philippine Company?
During the Galleon Trade, what was the most important cargo brought back to Manila?
During the Galleon Trade, what was the most important cargo brought back to Manila?
Who introduced the Galleon Trade to the Philippines?
Who introduced the Galleon Trade to the Philippines?
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Which country served as the main trading partner of the Spaniards during the Galleon Trade?
Which country served as the main trading partner of the Spaniards during the Galleon Trade?
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Study Notes
Galleon Trade Overview
- The Galleon Trade began in 1565, marking a significant chapter in global commerce.
- Spain initiated the Galleon Trade to connect its colonies in the Philippines with Mexico, facilitating trade between Asia and the Americas.
Royal Philippine Company
- Established in 1785, the Royal Philippine Company aimed to boost trade and establish a monopoly over Philippine commerce.
- The company's purpose included promoting agricultural development and exporting goods such as silk and spices to Europe.
Key Cargoes of the Galleon Trade
- The most important cargo brought back to Manila during the Galleon Trade was silk, which was highly valued in both Asia and Europe.
- Other significant items included spices, gold, and other luxury goods exchanged between regions, enhancing Manila's status as a trade hub.
Introduction to the Galleon Trade
- The Galleon Trade was introduced to the Philippines by Miguel López de Legazpi, the first Governor-General, who organized the first Manila-Acapulco voyage.
Main Trading Partner
- The main trading partner of the Spaniards during the Galleon Trade was Mexico, specifically through the port of Acapulco, creating a vital link for goods and culture between the two regions.
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Description
Test your knowledge on the Galleon Trade, a government monopoly that served as the economic lifeline for the Spaniards in Manila. Discover the history behind this trading system and its significance in facilitating trade between China and Europe.
