Economic History: Opening

of the Philippines to the

WorldTrade
 1815-the last Galleon arrived in
Manila (Manila to Acapulco)

September 6, 1834- Manila officially

opened to the world commerce
 The rise of Haciendas and the "cash-crop economy"
Expansion of export products in Europe to Suez Canal
(1869)

The Philippines became a major exporter And became

well-known in other parts of the world.

1834-1873-Different Ports were opened: Sual

(Pangasinan); Iloilo, Zamboanga,Cebu and legazpi
 Effects of the opening of the
Philippines to the world trade
1. Filipino's life prosper due to the vigorous economy
2. Modern methods of agriculture were introduce
3.The means of transportation and communication
improve;
4. Emergence of the Middle-Class;
5. More Filipinos able to study in Europe; and
6. Acquired material wealth and improved social life
7.around this time. • Many shops opened in the Binondo
and the rest of the Extramuros" area (the areas outside
of Intramuros).