10. Because of this system, the
European countries became
more progressive and
powerful, while the
resources of the colonies
were exhausted.
During this period of
mercantilism, the European
countries began to amass
wealth and power.
THE DECLINE OF MERCANTILISM
11. Mercantilism decline with the advent of
capitalism. The colonizers lost their hold on
their colonies.
THE DECLINE OF MERCANTILISM
12.
13.
14. • Peninsulares- Spaniards
born in Spain
• Insulares- Spaniards born
in the Philippines
• Metizos- half blood
Filipinos
• Principalia- Filipino
government officials/ datu
• Cacique- Filipino wealthy
landowners
• farmers, fishermen,
laborers, native
Filipinos (indios)
15.
16.
17.
18.
19. With the rise of La
Ilustracion ideas,
political and social
awareness among
the ilustrados
intensified.