Philip II of Spain asked him to guide an expedition from Mexico to the Philippines and to find a return route. … His “route of the Manila Galleon” helped the Spaniards to colonize the Philippines and to gain Eastern markets for the products of Peru and Mexico.
What is the route that galleon trade is taking?
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.
What is the importance of the galleon trade?
They were the sole means of communication between Spain and its Philippine colony and served as an economic lifeline for the Spaniards in Manila. During the heyday of the galleon trade, Manila became one of the world’s great ports, serving as a focus for trade between China and Europe.
Did Mexicans go to the Philippines?
History. Mexican immigration to the Philippines mainly occurred during the Hispanic period. Between 1565-1821, the Philippines were in fact administered from the Viceroyalty of New Spain’s capital, Mexico City.
How did the Philippines benefits from the galleon trade?
The Manila galleon trade made significant contributions to colonial Spanish culture. It helped to fashion the very society of the Philippines, which relied upon its income, its merchandise, and the services of Chinese, Malay, and other participants.
How long did the Spanish rule the Philippines?
Philippines Under Spanish Rule, 1571-1898.
What do you mean by Galleon trade?
The Galleon Trade was a government monopoly. Only two galleons were used: One sailed from Acapulco to Manila with some 500,000 pesos worth of goods, spending 120 days at sea; the other sailed from Manila to Acapulco with some 250,000 pesos worth of goods spending 90 days at sea.
What is the oldest trade route?
The silk road is the ancient transcontinental network of trade routes that connected the East with the West.
How did the galleon trade affect globalization?
“Globalization started with trade in Asia, in Spanish America,” said Mr. Gordon. He further emphasized that the galleon trade put up the ground for globalization by bringing about economic and cultural exchange and integration of financial markets between Asia and the Americas.