Economic Transformation in 19th Century Philippines

Feb 21, 2025

19th Century Philippines: Economic Context

Introduction

  • Presenter: Joshua D. Abelgas, BS Chemistry 2H1
  • Focus: Economic context of 19th century Philippines.
  • Divided into three aspects: Economic, Social, Political.

Key Historical Events

  1. End of Galleon Trade (1565-1815)
  2. Opening of Suez Canal (1869)
  3. Rise of Export Crop Economy (1820-1870)
  4. Monopoly in the Philippines (Post-Galleon Era)

End of Galleon Trade (1565-1815)

  • Initiated in 1565 by Spanish colonizers.
  • Ports of Manila closed to all but Mexico, leading to the Manila-Acapulco trade.
  • Key exports:
    • Chinese tea and textiles
    • Mango de Manila, tamarind, rice
    • Carabao, cockfighting, tuba, fireworks
  • Key imports from Mexico:
    • Guava, avocado, papaya, pineapple, horses, cattle
  • Established Manila as a major trading hub for Asia.
  • Significant Chinese migration due to trade; led to tensions and massacres in the 17th century.
  • Trade introduced modern liberal ideas, inspiring independence movements.

Opening of Suez Canal (1869)

  • Officially opened on November 17, 1869.
  • Constructed by Ferdinand de Lesseps (1859-1869).
  • Reduced travel time from Spain to Manila to 32-40 days.
  • Major advantages for commercial enterprises in Europe and East Asia.
  • Facilitated the importation of liberal ideas, books, and magazines.
  • Stimulated nationalistic desires among Filipinos, particularly Jose Rizal and other ilustrados.
  • Encouraged education abroad, influencing thoughts on politics and government.

Rise of Export Crop Economy (1820-1870)

  • Transition from maritime trading to agricultural exports.
  • Development of export crops such as sugar, Manila hemp, and coffee.
  • Increased opportunities for the Chinese population in the Philippines.
  • The export crop industry fueled by North European and North American merchants.
  • Chinese played a crucial role as agents in distributing imports and exporting goods.

Conclusion

  • Economic context of the 19th century shaped by historical events leading to modernization and national awakening.
  • Thank you for watching and listening.