Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Philippine Economy under Spain

No description
by

Jan Sanico

on 24 December 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Philippine Economy under Spain

The Colonial Economic Policies Of Spain
exports should always
exceed imports.

Mercantilism
Tribute
payment in a form of cash or goods in recognition of Spanish authority and to shoulder the expenses of the colony.
The residence tax during the Spanish times
Was replaced with cedulla tax in 1884

Filipinos were required/
forced to sell their
agricultural harvest to
the government.

BANDALA SYSTEM
Philippine Economy under Spain
Spain's Economic Influences
Galleon Trade
Also known as the Manila-Acapulco trade.
Trading between Manila and Acapulco,
Mexico. A government monopoly owned
by the Spaniards lasted for 200 years.

Ended in 1815 when Mexico
revolted against Spaniards.

Tobacco Monopoly
The word encomienda comes from the Spanish word encomendar which means "to entrust".
Under the encomienda system, the native inhabitants in a given geographic region were entrusted to an encomendero or trustee as a reward for his service to the Spanish Crown.
The encomendero had specific responsibilities such as, to protect and to educate the natives in reading, writing and Catholic doctrines. In return, the encomendero was authorized to collect tribute from the natives and to recruit workers for the polos y servicios.
Encomienda
System
1782 economic program of Spanish
Governor General Jose V. Basco, in
which tobacco production in the
Philippines was under total control of
the government.
exclusive control of tobacco plantation.
owned by the Spanish government.

BANDALA
GALLEON TRADE
TOBACCO MONOPOLY
TRIBUTES
ENCOMIENDA
ROYAL COMPANY OF THE PHILIPPINES
SOCIEDAD ECONOMICA DE LOS AMIGOS DEL PAIS
POLO
References:
slideshare.net
http://en.wikipilipinas.org/index.php/Encomienda_System
wikipedia.org
http://tagaloglang.com/The-Philippines/History/economy-during-the-spanish-colonial-period.html

By:
Jan Marinee D. Sanico
BSEd 1D-1
ROYAL COMPANY OF THE PHILIPPINES
An economic organization
founded by King Charles III.
Established in 1785 for the promotion of direct trade between Spain and the Philippines.
Encouraged the growth of cash crop economy since early profits of the company was invested in the cultivation of sugar, indigo, peppers, silk, and textile factories.
16-60 years old male Filipinos were forced to work for the government for a few weeks a year 40 days

POLO or FORCE LABOR
16-60 years old male Filipinos were forced to work for the government for a few weeks a year 40 days
In 1884, it was reduced to 15 days.
Polistas - force labourers

ECONOMIC SOCIETY OF THE FRIENDS OF THE COUNTRY

An economic organization established for
the advancement of agriculture in the
country.
Founded by Governor General Basco in 1781
Existed only during Spanish era.
It stopped operating in 1809

Economic Changes made by Spain
Abolition of slavery
Introduction of new plants and animals
Introduction of new industries
Opening of the Philippines to world trade and foreign investments
Rise of banks
Improvement on transport and communication
Prizes and international exhibitions
Full transcript