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  • The Opening of Manila To Foreign Trade

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    shuee belicano
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    The document discusses how Spain adopted the laissez-faire economic policy in 1789, leading Manila to open to foreign trade. This encouraged foreign merchants from England, America, Germany, France and Switzerland to invest in the Philippines. Several Philippine ports became centers of trade. Improvements in communication and transportation increased Filipino contact with foreigners. Families prospered from foreign commerce and were able to educate their sons in Europe, exposing them to intellectual developments and other cultures.

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    The Opening of Manila to Foreign Trade

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    The document discusses how Spain adopted the laissez-faire economic policy in 1789, leading Manila to open to foreign trade. This encouraged foreign merchants from England, America, Germany, France and Switzerland to invest in the Philippines. Several Philippine ports became centers of trade. Improvements in communication and transportation increased Filipino contact with foreigners. Families prospered from foreign commerce and were able to educate their sons in Europe, exposing them to intellectual developments and other cultures.

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    12 views7 pages

    The Opening of Manila To Foreign Trade

    Uploaded by

    shuee belicano
    The document discusses how Spain adopted the laissez-faire economic policy in 1789, leading Manila to open to foreign trade. This encouraged foreign merchants from England, America, Germany, France and Switzerland to invest in the Philippines. Several Philippine ports became centers of trade. Improvements in communication and transportation increased Filipino contact with foreigners. Families prospered from foreign commerce and were able to educate their sons in Europe, exposing them to intellectual developments and other cultures.

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    of 7

    READING IN PHILIPPINE HISTORY

    THE OPENING
    OF MANILA
    TO FOREIGN TRADE

    SHUEE BELICANO
    THE ECONOMIC DOCTRINE OF LAISSEZ
    FAIRE OR LET ALONE POLICY
    ADVOCATED BY ADAM SMITH

    Many European countries approved of this policy 😁

    Spain adopted this doctrine and abandoned her


    mercantilist policy in the country which led to the opening
    of manila to foreign trade in 1789.
    GOVERNOR GENERAL

    FELIX BERENGUER
    DE MARQUINA
    Basco's successor

    Encouraged foreign
    merchants to come and
    invest in the Philippines

    There were a number of


    English, American,
    German, French, and Swiss
    trading companies in the
    Philippines during the
    middle of the 19th Century
    PHILIPPINE PORTS

    PANGASINAN ILOILO ZAMBOANGA

    CEBU LEGASPI TACLOBAN


    COMMUNICATION

    TRANSPORTATION

    IMPROVEMENTS
    1888 1837 1890
    international telegraph the first domestic telephone line
    communication system was telegraph 
    built through an undersea
    cable between Zambales
    and the British Colony of
    Hong Kong
    increased Filipino contacts with foreigners and peninsular Spaniards. A
    number of families which prospered from foreign commerce and trade
    were able to send their sons for an education in Europe

    tages
    van
    ad
    Filipinos who have the opportunity to study abroad were able to absorb
    the intellectual developments in Europe. They were able to be open-
    minded with other cultures

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