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The Manila galleon trade route was inaugurated in 1565 after the Augustinian friar and navigator Andrés de Urdaneta pioneered the tornaviaje or return route from the Philippines to Mexico. Urdaneta and Alonso de Arellano made the first successful round trips that year, by taking advantage of the Kuroshio Current .
The opening of Philippine trade to the world gave rise to business and imposing edifices that made Manila the 'Paris of Asia'. La Insular Cigar Factory is one of the most popular. The development of the Philippines as a source of raw materials and as a market for European manufactures created much local wealth. Many Filipinos prospered.
According to this view, global trade commenced in 1571 when Manila was founded and became the first trading post linking America and Asia due to the expansive and profitable silver trade. [41] Scholars find the amount of silver traveling from Manila to China was approximately three million pesos or 94,000 kilograms in the early 1600s.
The West Indies fleet was the first permanent transatlantic trade route in history. Similarly, the related Manila galleon trade was the first permanent trade route across the Pacific. The Spanish West and East Indies fleets are considered among the most successful naval operations in history [ 3 ] [ 4 ] and, from a commercial point of view ...
Nuestra Señora de la Encarnación y Desengaño, nicknamed Desengaño, was a Manila galleon which plied the trade routes between the Viceroyalty of New Spain and the Spanish Philippines. The ship was captured on 22 December 1709 by a British privateering expedition led by Woodes Rogers and renamed Bachelor.
Northerly trade route as used by eastbound Manila galleons. On July 12, 1596, the Spanish ship San Felipe set sail from Manila to Acapulco under captain Matías de Landecho with a cargo that was estimated to be worth over 1 million pesos. [7] This relatively late departure of the Manila galleon meant San Felipe sailed during the Pacific typhoon ...
Filipinos first arrived in Mexico during the Spanish colonial period via the Manila-Acapulco Galleon.For two and a half centuries, between 1565 and 1815, many Filipinos and Mexicans sailed to and from Mexico and the Philippines as sailors, crews, slaves, prisoners, adventurers and soldiers in the Manila-Acapulco Galleon assisting Spain in its trade between Asia and the Americas. [4]
The Philippines had been governed from Mexico since 1565, [16] with colonial administrative costs sustained by subsidies from the galleon trade. Increased competition with foreign traders brought the galleon trade to an end in 1815.