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This trade, in trade volume, was primarily with South America, where most slaves were sold, but a classic example taught in 20th century studies is the colonial molasses trade, which involved the circuitous trading of slaves, sugar (often in liquid form, as molasses), and rum between West Africa, the West Indies and the northern colonies of ...
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The history of the Philippines from 1898 to 1946 is known as the American colonial period, and began with the outbreak of the Spanish–American War in April 1898, when the Philippines was still a colony of the Spanish East Indies, and concluded when the United States formally recognized the independence of the Republic of the Philippines on ...
The French West Indies had a large supply of molasses at this time, but the area was lacking in lumber, cheese, and flour. These products were the main exports of the North American colonies, which led to a very secure business relationship between the two areas. Molasses was important in triangular trade. In the triangular trade, slave traders ...
Trade with China is believed to have begun during the Tang dynasty, but grew more extensive during the Song dynasty. [26] By the 2nd millennium CE, some Philippine polities were known to have sent trade delegations which participated in the Tributary system enforced by the Chinese imperial court, trading but without direct political or military ...
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 history of the Philippines from 1565 to 1898 is known as the Spanish colonial period, during which the Philippine Islands were ruled as the Captaincy General of the Philippines within the Spanish East Indies, initially under the Viceroyalty of New Spain, based in Mexico City, until the independence of the Mexican Empire from Spain in 1821.
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 .