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Royal Economic Society of Friends of the Country (1780-ca. 1

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kristine mejaran

on 27 June 2014

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Transcript of Royal Economic Society of Friends of the Country (1780-ca. 1


introduced the
Plan General Economico
which included the income-generating monopolies of tobacco, areca nut, spiritious liquors and explosives, which , unfortunately brought untold hardships on the Filipinos.
Royal Economic Society of Friends of the Country (1780-ca. 1895)

represented the true example of Spain's
who for nine years revamped the then
the existing antiquated economic system which
stagnated progress in the philippines.
The Royal economic Society of Friends of the Country died temporarily in 1787, was revived in 1819 , and was suspended briefly in 1820 due to the Asiatic cholera epidemic.
this "enlighted despot"
gave incentives by
awarding cash prizes and medals of recognition for excellence in farming indigo, spices, cotton , cultivating mulberry for silk production , bee-keeping , mining , inventions, the art and sciences.
the society was also credited with introducing the;

carabao ban in
( to conserve this draft animal ) ,

the formation of silversmiths and gold beaters' guild in

1825 - the construction of the papermill in the philippines.
Jose de Basco y Vargas
- the
Real Sociedad Economica de Amigos del Pais
whom he himself prodded to exploit the Island's natural bounties.
The Society antedated the Royal Philippine Company.
It resumed its activities in 1822, gradually faded out in 1875, revived again in 1822, until it ceased to exist by the middle of the 1890's.
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