Colonial income derives mainly from entrepôt trade: …
Years: 1540 - 1683
Colonial income derives mainly from entrepôt trade: the "Manila galleons" sailing from Acapulco on the west coast of Mexico bring shipments of silver bullion and minted coin that are exchanged for return cargoes of Chinese goods, mainly silk textiles.
There is no direct trade with Spain.
Failure to exploit indigenous natural resources and investment of virtually all official, private, and church capital in the galleon trade are mutually reinforcing tendencies.
Loss or capture of the galleons or Chinese junks en route to Manila represents a financial disaster for the colony.
There is no direct trade with Spain.
Failure to exploit indigenous natural resources and investment of virtually all official, private, and church capital in the galleon trade are mutually reinforcing tendencies.
Loss or capture of the galleons or Chinese junks en route to Manila represents a financial disaster for the colony.
Locations
People
Groups
- Negrito
- Igorot people
- Malays, Ethnic
- Chinese (Han) people
- Islam
- Philippines, pre-Spanish
- Christians, Roman Catholic
- Augustinians, or Order of St. Augustine
- Franciscans, or Order of St. Francis
- Dominicans, or Order of St. Dominic
- Moro people
- Chinese Empire, Ming Dynasty
- Spain, Habsburg Kingdom of
- Spaniards (Latins)
- Jesuits, or Order of the Society of Jesus
- Philippines, Spanish colony of the
