Economic policies
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Transcript of Economic policies
THE COLONIAL ECONOMIC POLICIES OF SPAIN
WHAT IS MERCANTILISM?
MERCANTILISM
exports shouldalways exceed
imports.
BANDALAGALLEON TRADE
TOBACCO MONOPOLYTRIBUTES
ENCOMIENDAROYAL COMPANY OF
THE PHILIPPINESSOCIEDAD ECONOMICA
DE LOS AMIGOS DEL PAISPOLO
BANDALA SYSTEMFilipinos were required/forced to sell their agricultural harvest to the government.
GALLEON TRADEalso known as
the Manila-Acapulco trade.Trading between Manila and Acapulco, Mexico. A government monopoly owned by the Spaniards lasted for 200 years.
• Boleta
How did the galleon trade promote the
exchange of cultural ideas between
Philippines and Mexico?
CLERGYGOVERNOR GENERAL
BUSINESSMENLOCAL OFFICIALS
TOBACCO MONOPOLY
TOBACCO MONOPOLY
exclusive control of tobacco plantation. owned by the
Spanish government.
JOSE BASCO Y VARGAS
WHO IS JOSE BASCO Y VARGAS?
TRIBUTESpayment in a
form of cash or products in recognition of Spanish authority and to shoulder the expenses of the colony.
ENCOMIENDAA portion
of land granted by the King of Spain to an encomendero
in a pacified area.
ROYAL COMPANY OF THE PHILIPPINES
an economic organization founded by King Charles III. Trading directly with other Asian countries without paying taxes.
KING CHARLES III
POLOForced labor,
all men aging from 16-60 years old were required to render forced labor to the government for a period of 40 days each year. This was lessen to 15 days in 1884.
ECONOMIC SOCIETY OF THE FRIENDS OF THE COUNTRY
An economic organization established for the advancement of agriculture in the country.
QUESTIONS:
Which among the economic policies were pro-filipinos?
What were the effects of various economic policies imposed by
the Spaniards to the farmers, youth and
women?
Do you believe that the economic prosperity enjoyed by a country
should benefit not just the upper class but also the lower
class? Why?
SYNTHESIS:
•Spanish colonialism brought a new system of land ownership, agriculture, taxation and labor.
•Spain introduced in the Philippines different economic policies. The most important of these policies was taxation to shoulder the financial needs of the colonial government.
•Through the Galleon Trade, Philippines became a carrier of Asian products to western countries.
•The Spaniards also introduced in the Philippines a type of economy ran on money made of silver.