2. Opening of Suez Canal
The Suez Canal is an artificial sea-level
waterway in Egypt, connecting the
Mediterranean Sea to the Red Sea
through the Isthmus of Suez and
dividing Africa and Asia.
163 kilometers, opened
in November 17, 1869
3. Importance of Suez Canal
1. Decrease the road
with Southeast Asia
and Europe.
2. Marinetime
transport
From 16000 km to 10000 km. As a
result, it reduced fuels payment,
and Transportation of products in
fewer days.
It's also important elements in
marine transport since it's being
one of the cheapest means of
transportation and considering
that over 80% of world trade is
operated through waterways.
4. Importance of Suez Canal
3. The importance of Suez Canal specifically to the following
continents and countries:
Europe
Important for the oil and
trade with Asia because it
reduces its distance from
this country. As a result, it
reduce fuel payments, spend
fewer days in the transport
of their products, and
benefit from cheap labor.
US Egypt
Needs the Suez Canal
for transporting
troops and military
equipment to
Afghanistan.
Occupies a strategic position on the
international sea. Egypt controls
shipping route of oil barrels and the
whole Suez Canal and Suez-
Mediterranean oil pipeline. They
also benefited from taxes it receives
from ships transiting and hire
laborers from that reduces the
unemployment rate in the country.
5. Impact of Suez Canal to the Philippines:
Positively affected
the development of
agricultural exports
direct commercial
relations with Spain
Paved the way for
Filipino illustrados to
send their children to
universities in
Europe.
Enabled the importation of
books, magazines and
newspapers with liberal ideas
from Europe and America
which eventually influenced
the minds of Jose Rizal and
other Filipino reformists.
Encouraged more and
more Spaniards and
Europeans with liberal
ideas to come to the
Philippines and interact
with Filipino reformists.
6. The Philippines and the World Trade
The decades from 1820 to 1870 were crucial in the economic history of the
world and produced significant changes in the economy of the country.
Increase in trade and
navigation in Asia
accompanied the
opening of the Suez
Canal.
The economies of the region's
colonial powers tried to increase
agricultural output which
preassuring the peasants to
produce more goods for export and
to develop plantation agriculture.
"Liquid wealth" reached
Filipinos in the countryside,
at the same time the
merchants' exercised
control over the supply of
export commodities.
The crucial dichotomy
between economic
initiative and political
authority stamped the
Philippine economic
landscape.
7. The Philippines and the World Trade
The decades from 1820 to 1870 were crucial in the economic history of the
world and produced significant changes in the economy of the country.
The upside of these transformations was improvement in communications
and infrastructure. such as Banco Espanol-Filipino in 1851, the Monte de
Piedad in 1882 and a municipal water system was built in Manila on 1999.
9. It's not straight throughout its length; it has
curves but small ones; sometimes it flows into
a lake where it is believed Moses passed, and
again enters the desert. It crosses three lakes
in its course. On both banks, which are all
yellow and white, where it is a real jewel to
find grass, are erected some telegraph
stations placed at several intervals.
— Dr. Jose Rizal
