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Economic life under Spain
By: Michelle Ann Ramel and James Prae
Liclican
Slow development under Spain
• The slow progress was due to the lack of Spain in
practical matters.

Economic life
Under S...
Economic Changes made by Spain.
New way of land ownership
Encomienda system
Tribute
Polo or forced labor
Abolition of slav...
New way of
land Ownership

Spaniards introduced the idea

that the person and his family
could own a land.
Tribute
• The residence tax during the
Spanish times
• One Peso per year
• Single person should pay
one-half peso.
• In ca...
• Money from the tribute upon a
certain conquered territory.

Encomienda

• Given by the king to a Spanish
conquiscator (c...
• Owner of the encomienda.
• Encomiendas can keep the tribute for himself
instead of giving it to the government.
• 1951-2...
Polo or forced labor
• 16-60 years old male Filipinos were forced to work for the government for
a few weeks a year 40 day...
Abolition of Slavery
• 16th century- Spanish
missionaries protested to the
King about keeping of slaves
in the Philippines...
Galleon Trade
and
Subsidy from
Mexico
Galleon Trade
and Subsidy from
Mexico
•

Named after the sailing ship
which sailed once a year
from Manila to Acapulco
Mex...
Cannot afford to pay for its expenses

Spanish
colonial
Government

(salaries and public works) and

always-needed money t...
Royal subsidy
• Financial aid
• From the Mexican viceroy because Spain ruled us
through Mexico until the early 19th centur...
Introduction of new plants and animals
• Among these new plants were corn, cacao, beans,
achuete, maguey, peanuts, Chico, ...
•

Introduction of
New industries

Better methods of farming: cattle ranching,
making candle and soap.

•

The constructio...
Economic Society and Royal Company
Economic society of friends of the Philippines

Royal company of the Philippines

• Exi...
• 1789- First scientific survey of the Philippines was done by the
Spaniards under the command of the captain Alijandro
Ma...
Opening doors to the world trade and foreign
investment
• In 1834, Spain officially opened the Philippines to the world tr...
• 19th century foreign businessman were allowed to do business in manila and
other places in the country.
• American and E...
•
•
•
•
•

•
•
•
•

First bank was introduced to the Philippines by the Spaniards
Obras Pias (good works) System
Interest ...
Improvements of
Transportation and
Communications.
(19th Century)
• 1891- British build the first
railroad
• Manila to Dag...
Social classes

Prizes and Exhibitions

• Upper class
• Middle class
• Lower class

• During the Spanish times the
Philipp...
• There was no great development during the reign of Spain
• Spaniards mostly benefited from the wealth of the country, wh...
Thanks
for

Listening!!!
Faith Shines!!!
Have A nice Day, Brothers and Sisters!!!
Economic life under spain
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Economic life under spain

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Economic life under spain

  1. 1. Economic life under Spain By: Michelle Ann Ramel and James Prae Liclican
  2. 2. Slow development under Spain • The slow progress was due to the lack of Spain in practical matters. Economic life Under Spain • Their interest was in Catholicism and their dream of having an empire in Asia. • Spaniards did not really know how to make money grow. • While we were a colony of Spain, the Filipinos did not really share in the wealth of the nation.
  3. 3. Economic Changes made by Spain. New way of land ownership Encomienda system Tribute Polo or forced labor Abolition of slavery Galleon Trade and annual subsidy from Mexico • Introduction of new plants and animals • • • • • • Introduction of new industries Economic society and royal company Specific survey Opening of the Philippines to world trade and foreign investments • Rise of banks • Improvement on transport and communication • Prizes and international exhibitions • • • •
  4. 4. New way of land Ownership Spaniards introduced the idea that the person and his family could own a land.
  5. 5. Tribute • The residence tax during the Spanish times • One Peso per year • Single person should pay one-half peso. • In cash or in good. • 1884-tribute was replaced by cedulla tax • People in the Philippines were very unhappy with these taxes because the Spanish officials cheated and oppressed them • Today, Filipinos of 18 years and above still pay the cedulla in their local town or city. In exchange, they are given a “residence certificate”.
  6. 6. • Money from the tribute upon a certain conquered territory. Encomienda • Given by the king to a Spanish conquiscator (colonizer) as a reward for his services.
  7. 7. • Owner of the encomienda. • Encomiendas can keep the tribute for himself instead of giving it to the government. • 1951-267 encomiendas in the Philippines. • Due to abuses, it was abolished in 16th century. Encomiendas
  8. 8. Polo or forced labor • 16-60 years old male Filipinos were forced to work for the government for a few weeks a year 40 days • 1884- Reduced to 15 days • Polistas- forced labourers • Polistas worked for various public works. • Polistas could get out of work by paying a sum of money or hiring somebody else to do his polo • Filipinos did not like polo
  9. 9. Abolition of Slavery • 16th century- Spanish missionaries protested to the King about keeping of slaves in the Philippines. • 1589- royal decree was made • Abolish slavery in our country • Philippines were ahead of other countries in giving freedom to slaves. • United States did not ban slavery ban slavery until 1833.
  10. 10. Galleon Trade and Subsidy from Mexico
  11. 11. Galleon Trade and Subsidy from Mexico • Named after the sailing ship which sailed once a year from Manila to Acapulco Mexico. • Profitable business for Spanish Merchants and corrupt government who ran it. • 1815- It ended when Mexico revolted against Spaniards.
  12. 12. Cannot afford to pay for its expenses Spanish colonial Government (salaries and public works) and always-needed money to keep on running, so the king sent financial aid to manila very often.
  13. 13. Royal subsidy • Financial aid • From the Mexican viceroy because Spain ruled us through Mexico until the early 19th century. • ₱250.00- the average amount of subsidy • It ended on 1810 after the Mexican evolution.
  14. 14. Introduction of new plants and animals • Among these new plants were corn, cacao, beans, achuete, maguey, peanuts, Chico, and papayas • New animals included sheep, cattle, goats, horses, pigeons, swans, carabaos, ducks, geese, and better breeds of chickens and roosters.
  15. 15. • Introduction of New industries Better methods of farming: cattle ranching, making candle and soap. • The construction of stone houses, building of roads, bridges, and dams. • The weaving of mats and hats. • They grow large amount of sugar, hemp, coconut, and tobacco. • Become the pillars of the Philippines.
  16. 16. Economic Society and Royal Company Economic society of friends of the Philippines Royal company of the Philippines • Existed only during Spanish era. • 1781 founded by Governor General Basco. • Governor General Basco helped develop Philippine agri-cultural the most. • Sent the first shipment of indigo (dye) to Europe. • Brought special birds from china to fight the locusts that destroyed crops. • Gave special prizes to planters and investors. • Imported seeds and machinery from United States to help farmers. • 1809 economic society stopped operating • 1785, king Charles III • Took advantage of the trade and shipping industries. • Owned by king, foreign banks, private citizens in Spain, Mexico, Cuba, the Philippines and other Spanish colonies • It is badly manage so it was closed down on 1834 Two interesting economic organization
  17. 17. • 1789- First scientific survey of the Philippines was done by the Spaniards under the command of the captain Alijandro Malaspena. • Two ships sailed around the archipelago and explored the coasts • Antonio Pineda a botanist went with the expedition they studied the Philippine plants. • From this expedition came this first modern shipping chart of the map of the Philippines. Scientific survey
  18. 18. Opening doors to the world trade and foreign investment • In 1834, Spain officially opened the Philippines to the world trade. • It means that the goods from the Philippines could be shipped out to any of the countries abroad. • And goods from other country could enter the Philippines directly. • Before Spanish banned the other foreigners from living in the provinces or having businesses in the Philippines. • They did not apply to Chinese settlers, but it covered other white men. “A dollar earned by the foreigner was taken from the pocket a of a Spaniard”
  19. 19. • 19th century foreign businessman were allowed to do business in manila and other places in the country. • American and European traders came and opened new business in the Philippines. • In 1859,15 foreign companies in manila. • Seven British, two French, two Swiss one German. • Nicolas Coney Plymorth England. • First foreign merchant to live in Visayas. • 1855 he arrived in Iloilo. • He became a rich businessman. • He developed Philippine sugar industry.
  20. 20. • • • • • • • • • First bank was introduced to the Philippines by the Spaniards Obras Pias (good works) System Interest was use for charitable works Francisco Rodriguez (1830) He founded the first Filipino Quarke (protestant) who lived in the England Bank of the Philippine Islands (BPI). Oldest existing bank in the Philippines. It started in 1851 as Banko Español 1862- Monte de Piedad Saving Bank Rise of banks
  21. 21. Improvements of Transportation and Communications. (19th Century) • 1891- British build the first railroad • Manila to Dagupan • Feb. 1, 1859 First postage stamp • 1854- First monthly mail • From Manila to Hong kong • 1783- First telegraph • 1890- First telephone
  22. 22. Social classes Prizes and Exhibitions • Upper class • Middle class • Lower class • During the Spanish times the Philippines joined many international exhibitions or fairs abroad • Philippine finest products • Hemp • Cigars • Embroideries • And Art works
  23. 23. • There was no great development during the reign of Spain • Spaniards mostly benefited from the wealth of the country, while rich Filipinos copied their arrogant snobbish and aristocratic ways. • There was development in the land ownership, abolition of history, new plants and animals, new industries, new trade and companies, new banks, better roads and bridges, modern electricity, railways and ships, the new middle class, and prizes and exhibitions. • However, oppression caused the Filipinos unhappy and led into revolt and revolution later on. Historical Values
  24. 24. Thanks for Listening!!! Faith Shines!!! Have A nice Day, Brothers and Sisters!!!

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