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And now, we come to you live from 5-C for the special edition of............

Join us on B.A. The Show as we interview guests from the past to discuss the Manila-Acapulco Galleon Trade during the Spanish rule in the Philippines. Learn about the ships, effects of the trade, how it started, and its eventual abolishment.

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And now, we come to you live from 5-C for the special edition of............

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  1. And now, we come to you live from 5-C for the special edition of............

  2. B A The Show The Darik Go Show

  3. Now, it’s time to interview our guests from back in time about.......

  4. Economic Institution during the Spanish Rule

  5. First up, it’s our guest Lance Jao from:

  6. The Manila-Acapulco Galleon Trade

  7. Basic Facts

  8. Ships • Sailing 1 or 2 times a year • It came from Acapulco in New Spain coming to the Philippines • A trade

  9. Known as an agreement between Manila and Acapulco

  10. Effects of the Galleon trade

  11. Many people profited from this trade. • Especially those who participated in this trade profited.

  12. However, many people died as since the boat sank a couple of times because of an overload in goods like gold and silver.

  13. Agriculture and the care for resources were neglected because the officials, instead of paying attention to them, went to Manila to engage in the trade.

  14. How the galleon trade got to the Philippines (Manila): The Manila-Acapulco galleon trade began when Andrés de Urdaneta, following Miguel Lopez de Legazpi’s ship, discovered a return route

  15. from Cebu City to Mexico in 1565.

  16. What happened to the Galleon Trade

  17. The Galleon trade had funds called Obras Pias which were donated by rich people for charity. Some officials borrowed money from the funds and most often, the money was

  18. Never returned. In other words, the Obras Pias funds were abused by the officials. • The ships were often raided by English and Dutch pirates.

  19. Because it was always raided and sinking, the King of Spain had to abolish the Galleon trade.

  20. pictures of Galleon Ships

  21. Next, it’s our guest Raphael Laurena from:

  22. The Royal Economic Society of Friends of the Country

  23. Basic Facts

  24. Like the Galleon trade it was also like a trade, a business • Governor-General José Basco y Vargas founded the Economic Society of Friends of the Country.

  25. This business was for using the unused resources of the country

  26. This business was a company of rich and prominent people.

  27. Now , it’s our guest Carlos Lao from:

  28. The Royal Company of the Philippines

  29. Basic Facts

  30. This company was to enhance trade, agriculture, and

  31. other industries in the Philippines. To help the company, the king granted rights to

  32. The country. It was to develop the natural resources.

  33. The company got capital from foreign countries.

  34. It was known as a business. • In the end,it was abolished

  35. because of poor management and the stiff

  36. competition. It was abolished in the year 1834.

  37. Now , we will ask Lorenzo Flores some questions........

  38. B A The Show The Darik Go Show Now we ask Prof. Lorenzo......

  39. 들어 주셔서 감사합니다 感谢你们的倾听!!!!!! ご清聴ありがとうございました!!!! Thank you for listening!!!!!!!!!!!!!!!!!!!!!!!! Salamat sa inyong pakikinig!!!!!! Благодарю за внимание!!!!

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