The Manila-Acapulco Galleon Trade between the Philippines and Mexico started in 1565 and lasted until Sept. 14, 1815. For 250 years, Spanish ships crossed the Pacific Ocean and traded in various goods such as spice, cotton, jade, ivory, silk and gold.
What year did the galleon trade emerge?
written by British historian John E. Wills Jr. It had been 123 years since the first galleon made its voyage from Luzon Islands across the Pacific Ocean to the Port of Acapulco in Mexico in 1565. At that time, the Philippines was the regional center of international trade.
What is the history of Galleon trade?
With a record of more than 250 years, the Galleon Trade was the longest running shipping line of its time. Carrying silver, gold, spices, silk and objects that were fashionable between 1565- 1815, it was, as Nick Joaquin noted, “…the first medium to reduce the world to a village”.
What was the effect of the galleon trade in the Philippines?
The galleon trade had a negative effect on economic development in the Philippines, since virtually all Spanish capital was devoted to speculation in Chinese goods. The importance of the trade declined in the late 18th century as other powers began to trade directly with China.
What is the so called Manila Acapulco galleon trade?
The so-called Manila Galleon (“Nao de China” or “Nao de Acapulco”) brought porcelain, silk, ivory, spices, and myriad other exotic goods from China to Mexico in exchange for New World silver. (It is estimated that as much as one-third of the silver mined in New Spain and Peru went to the Far East.)
Where is the galleon trade?
The Manila Galleon Trade Route was an economically powerful system of linking Spain with the commodities of Asia via Mexico. It consisted of two separate routes – westward from Acapulco to Manila and eastward on the return, following two separate belts of trade winds across the Pacific.
Why was Galleon abolished?
In 1815, galleon trade was phased out after the Spanish king issued an imperial edict to abolish galleon trade due to the impact of independent movements in Latin America and free trade in Britain and America. … And then these galleons would make their oceangoing voyages to Mexico by following the Maritime Silk Road.
How many years did Spain colonize the Philippines?
On June 12, 1898, Emilio Aguinaldo declared the Philippines independent from Spain and proclaimed himself president. After ruling for 333 years, the Spaniards finally left in 1898 and were replaced by the Americans who stayed for 48 years.