You are on page 1of 7

CHAPTER 5

THE NINETEENTH CENTURY PHILIPPINE ECONOMY,


SOCIETY, AND THE CHINESE MESTIZOS
Jose de Basco y Vargas

The first governor- general to the


Philippines.
Hoping to free the Philippines from
Mexican and Chinese Trade.
Europe and the West.

Galleon trade – Would sail to Mexico full of goods and will


use silver as a payment.
The Europe and the West were going through
industrialization.
Lack of raw materials.
Were seeking to look for lacking materials.
Philippines.
Basco established a company

It was called Royal Philippine Company in


1785
To mange a new trade between Philippines,
and Spain including Europe, as well as other
Asian markets.
Development of the company

The rapid development of the company


began to use the Philippines through cash
crops.
Exports that came from the cash crops to
the Philippines was tobacco, sugar, cotton,
indigo, abaca, and coffee.
The Chinese and Chinese mestizos

Mestizos – one parent is Chinese while the other


one is a native.
The Chinese proved to be “Necessary Outsiders”
Realized the important of being part in the
“Economy”
WALA NA FINISH NA

You might also like