THE COLONIAL ECONOMIC POLICIES OF SPAIN

WHAT IS MERCANTILISM?

MERCANTILISM

exports shouldalways exceed

imports.

BANDALAGALLEON TRADE

TOBACCO MONOPOLYTRIBUTES

ENCOMIENDAROYAL COMPANY OF

THE PHILIPPINESSOCIEDAD ECONOMICA

DE LOS AMIGOS DEL PAIS

POLO Y SERVICIO

BANDALA SYSTEMFilipinos were required/forced to “SELL?” their agricultural harvest to the government.

QOUTA

What if the

Filipinos didn’t

reached the said qouta?

ENCOMIENDAA portion

of land granted by the King of Spain to an encomendero

in a pacified area.

ENCOMIENDA•It was headed by a encomiendero•To collect tax•Cabeza de Barangay•Form of abuse

POLOForced labor,

all men aging from 16-60 years old were required to render forced labor to the government for a period of 40 days each year. This was lessen to 15 days in 1884.

POLOPolista was the one who rendered polo y servicioRequired to built streets, churches, galleon, bahay na bato.Seperation for the family

POLOPolista were

taken from their fields even during planting and harvesting season.Falla a tax must be paid if you don’t want to render polo.

TRIBUTESpayment in a

form of cash or products in recognition of Spanish authority and to shoulder the expenses of the colony.

TRIBUTESSymbolize

one’s recognition of the authority of the King of Spain. •Cedula Personal

GALLEON TRADEalso known as

the Manila-Acapulco trade.Trading between Manila and Acapulco, Mexico. A government “monopoly” owned by the Spaniards lasted for 200 years.

CLERGYGOVERNOR GENERAL

CHINESE BUSINESSMENSPANIARDS

GALLEON TRADE

Introduction of new varieties of plants and animals.

Only Spaniards benefited on this kind of trade.

How did the galleon trade promote the

exchange of cultural ideas between

Philippines and Mexico?

JOSE BASCO Y VARGAS

WHO IS JOSE BASCO Y VARGAS?

Jose Basco y Vargas implemented reforms for the development of the Philippine Economy in such he established the Sociedad Economica de los Amigos del Pais and real Compania de Filipinas and the Tabacco Monopoly.

Sociedad Economica de los Amigos del Pais(ECONOMIC SOCIETY OF THE FRIENDS OF THE COUNTRY)

An economic organization established for the advancement of agriculture in the country.

Sociedad Economica de los Amigos del Pais

(ECONOMIC SOCIETY OF THE FRIENDS OF THE COUNTRY)

•Introduce new plants to the Philippines.•Information about the proper ways of planting coffee, tabacco, sugarcane and other plants.

KING CHARLES III

ROYAL COMPANY OF THE PHILIPPINES

an economic organization founded by King Charles III. Trading directly with other Asian countries without paying taxes.

TOBACCO MONOPOLY

TOBACCO MONOPOLY

exclusive control of tobacco plantation. owned by the

Spanish government.

TOBACCO MONOPOLY

The government designated some provinces for tobacco plantations.Another form of abuse.

QUESTIONS:

Which among the economic policies were pro-filipinos?

What were the effects of various economic policies imposed by

the Spaniards to the farmers, youth and

women?

Do you believe that the economic prosperity enjoyed by a country

should benefit not just the upper class but also the lower

class? Why?

SYNTHESIS:

•Spanish colonialism brought a new system of land ownership, agriculture, taxation and labor.

•Spain introduced in the Philippines different economic policies. The most important of these policies was taxation to shoulder the financial needs of the colonial government.

•Through the Galleon Trade, Philippines became a carrier of Asian products to western countries.

•The Spaniards also introduced in the Philippines a type of economy ran on money made of silver.

•Explain the following in 3 – 5 sentences:1)Bandala System2) Polo y Servicio3) Tributes4) Galleon Trade5) Encomienda

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