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What was the Effect of the Galleon Trade on the Philippines and Why did it Decline Despite its Prosperous Start?

Until 1593, two or more ships set sail annually from each port. The Manila trade became lucrative that Seville merchants petitioned King Philip II of Spain to protect the monopoly of the Casa de Contratación based in Seville.

This led to the passing of a decree in 1593 that set a limit of two ships sailing each year from either port, with one kept in reserve in Acapulco and one in Manila. An “armada” or armed escort of galleons, was also approved. And the  Royal company of the Philippines created and eventually in 1815 the galleon trade was stopped.

Manila was popularly famed as the galleon trade hub that it attracted invaders which are the Dutch East India Company believed a trade could not be maintained without war.  The British East India Company led the way in cooperation with British Navy to take Manila in 1762, using the Seven Years’ War in Europe as an excuse.

Another Positive results of the galleon trade were the intercultural exchanges between the Philippines and the Americans, symbolized the Mexican-made Virgin of Antipolo, chosen as the patroness of the sailors, who protected them from the many perils across the Pacific.

Through this galleon trade, a new variety of plants and animals were introduced in the country like squash, pineapple, Cows and big horses.

Some wealthy Filipinos are also gain knowledge to outside world which later used to fight for our country’s independence.

Tags : Spanish GovernmentTaxes
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